Warren Buffett.
Gerald Miller | CNBC
The world is about to hear from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines.
The 90-year-old chairman and CEO of Berkshire Hathaway will announce his annual shareholder letter along with the quarterly earnings of the conglomerate on Saturday morning. The letter from the “Oracle of Omaha” has been read by investors for decades, and especially the expectation of this year is especially expected after a turbulent year marked by an unprecedented pandemic and a historic economic return.
The last time we heard much from Buffett was at Berkshire’s annual meeting in May 2020, where he assured his loyal following that the ‘American miracle’ always prevails and ‘nothing can stop America’. Since then, the stock market has risen again to a new high due to major fiscal and monetary stimulus. The annual letter is a chance for Buffett to offer his new prospects.
The world’s most well-known investor has recently also been able to weigh the speculative trading in markets, which his longtime business partner Charlie Munger recently criticized. Meanwhile, investors are anxiously awaiting any update on Buffett’s succession plan as well as the ‘elephant-sized’ deal he has yet to make.