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Warren Buffett’s annual letter on Saturday: All you need to know

Nicknamed, Oracle of Omaha, Buffett is the chairman and CEO of Berkshire Hathaway.

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Last Updated: Feb 24, 2020, 06.43 PM IST
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MUMBAI: Ace investors Warren Buffett will release his annual letter to Berkshire Hathaway shareholders on Saturday.

Nicknamed, “Oracle of Omaha”, Buffett is the chairman and CEO of Berkshire Hathaway. He is slated to release his annual letter on Saturday.

Here is all you need to know:

  1. When will Buffett release his annual letter?
    Berkshire Hathaway’s 2019 annual report to the shareholders will be posted on the Internet on Saturday, February 22, 2020, at 8:00 am eastern time where it can be accessed at www.berkshirehathaway.com. The annual report will include Warren Buffett’s annual letter to shareholders as well as information about Berkshire’s financial position and results of operations. Concurrent with the posting of the annual report, Berkshire will also issue an earnings release.
  2. Why is Buffett's annual letter so important?
    For the last 40 years, Buffett writes an open letter every year to shareholders. The investing world across the globe waits to read these letters as they provide an insight into how Buffett and his team think about investment strategy to stock ownership and more.
  3. What to expect from Buffett's annual letter?
    In a run up to the release of the annual letter, there is always speculation if Buffett, 89, and Charlie Munger, 96, would announce their successors. In 2018, Berkshire appointed Ajit Jain and Greg Abel to its board. Buffett at the time had said these were movements toward succession. Many investors have been focusing on Abel, whose mandate includes overseeing all of Berkshire’s non-insurance businesses, Bloomberg said in a report.
  4. Will Buffett address Berkshire’s cash pile in his letter?
    The expectations are always ripe if Buffett will talk on the utilisation of the record-high $128 billion balance of Berkshire Hathaway. It has triggered concerns that a recession could be around.
  5. Why is Warren Buffett called Oracle of Omaha?
    Warren Buffett is the chairman and CEO of Berkshire Hathaway, a company that he became the controlling shareholder of in the 1960s. He is called ‘Oracle of Omaha’ because the investment community very closely follows his investment picks and comments on the market, and he lives and works in Omaha, Nebraska in the US.
  6. What is the net worth of Warren Buffett?
    Warren Buffett is the third-richest person in the world and has a net worth of $89 billion.
  7. What are the famous quotes of Buffett?
    “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” | “Price is what you pay. Value is what you get.” | “It's only when the tide goes out that you discover who's been swimming naked.”

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