Warren Buffett.
Gerald Miller | CNBC
The world is about to receive news from Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines.
Berkshire Hathaway’s 90-year-old chairman and CEO will release his annual shareholder letter Saturday morning along with the conglomerate’s quarterly earnings. The “Oracle of Omaha” charter has been a must-read for investors for decades, and this year’s statement is especially awaited after a tumultuous year marked by an unprecedented pandemic and historic economic recovery.
The last time we heard of Buffett extensively was at the annual Berkshire 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 risen 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 famous investor could also influence the speculative trade recently that his trading partner Charlie Munger recently criticized. Meanwhile, investors are anxiously awaiting any updates to Buffett’s succession plan, as well as the “elephant size” deal it has yet to make.