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 headlines.
The 90-year-old Berkshire Hathaway chairman and chief executive officer will release his annual letter to shareholders on Saturday morning along with the conglomerate’s quarterly earnings. The letter from the “Oracle of Omaha” has been a must-read for investors for decades, and this year’s statement is especially anticipated after a tumultuous year marked by an unprecedented pandemic and historic economic return.
The last time we heard from Buffett at length was at Berkshire’s annual meeting in May 2020, where he assured his loyal fans that the “American miracle” always prevails and that “nothing can stop America.” Since then, the stock market has recovered to new highs thanks to massive fiscal and monetary stimulus. The annual letter is an opportunity for Buffett to offer his new perspective.
The world’s most celebrated investor could also influence the speculative trading in the markets recently criticized by his business partner Charlie Munger. Meanwhile, investors eagerly await any updates on Buffett’s succession plan, as well as the “elephant-sized” deal that he has yet to do.