Warren Buffett.
Gerald Miller | CNBC
The world is about to hear about Warren Buffett for the first time in nine months, and the legendary investor can make a wave of headlines.
Berkshire Hathaway’s president and CEO, 90, is due to release his annual letter to shareholders on Saturday morning, along with the conglomerate’s quarterly earnings. The “Omaha Oracle” letter has been a must-read for investors for decades, and this year’s statement is especially expected after a tumultuous year punctuated by an unprecedented pandemic and a historic economic return.
The last time we heard about Buffett extensively was at Berkshire’s annual meeting in May 2020, where he assured his loyal followers that the “American miracle” always prevails and “nothing can stop America”. Since then, the stock market has recovered to new highs with strong fiscal and monetary stimulus. The annual letter is a chance for Buffett to present his new perspectives.
The world’s most famous investor can also weigh in on speculative trading in markets recently criticized by his longtime business partner, Charlie Munger. Meanwhile, investors are eagerly awaiting any updates on Buffett’s succession plan, as well as the “elephant-sized” deal he still needs to make.