The billionaire's praise of immigrants contrasts actions by the new presidency. Trump's travel ban and large-scale raids of undocumented immigrants have left some chief executives 'deeply concerned,' while the technology industry has joined in opposition.

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Buffett vocally supported Hillary Clinton during the general election, offered to release his tax returns if Trump did the same and compared Trump's business skills to that of a monkey's.

After the election, he told CNN that Trump “deserves everybody's respect.”

Buffett also glanced off a couple other Trump talking points in his letter — offering a much more optimistic take than the president.

Where Trump has railed about foreigners subsuming American debt and assets — “they suck the blood right out of out country” he once said of China — Buffett was sanguine.

“Foreigners, of course, own or have claims on a modest portion of our wealth. Those holdings, however, are of little importance to our national balance sheet,” he wrote.

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And those worried about the course of the next four years might glean some hidden hope in this passage:

“Yes, the build-up of wealth will be interrupted for short periods from time to time. It will not, however, be stopped.”

“Babies born in America today are the luckiest crop in history,” Buffett wrote.