Warren Buffett.
Gerald Miller | CNBC
People are about to hear about Warren Buffett for the first time in nine months, and the legendary investor could make a wave of headlines.
Berkshire Hathaway President and CEO, 90, will launch the shareholders’ annual letter on Saturday morning, along with the conglomerate’s quarterly earnings. The letter from the “Oracle of Omaha” has been demanded by investors for decades, and this year’s statement is highly anticipated after a tumultuous year punctuated by an unprecedented pandemic and a historic economic recovery.
The last time I heard about Buffett was at the annual Berkshire annual meeting in May 2020, where he assured his faithful believers that the “American miracle” always prevails and “nothing can stop America.” Since then, the stock market has returned to new highs, based on massive fiscal and monetary stimulus. The annual letter is a chance for Buffett to offer his new perspective.
The world’s most famous investor could also influence speculative trading in markets, which his business partner Charlie Munger recently criticized. Meanwhile, investors are looking forward to any updates to Buffett’s succession plan, as well as the “elephant-sized” agreement he has not yet concluded.