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Warren Buffett’s must-read annual letter arrives Saturday. Here’s what to expect from the investing legend



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Berkshire Hathaway Chairman and CEO Warren Buffett.Andrew Harnik | APWarren Buffett’s loyal following of value investors is about to hear from the legend himself, at a crucial time when interest rates have soared and recession fears are raging.The 92-year-old chairman and CEO of Berkshire Hathaway is slated to release his annual shareholder letter Saturday morning, along with the conglomerate’s latest quarterly earnings. The letter from the “Oracle of Omaha” has been required reading for investors for decades, and this year’s message is particularly anticipated given the changing investing landscape.Notably, there’s been a sea change in Treasury yields, which have surged to the highest level since the Global Financial Crisis amid the Federal Reserve’s aggressive rate hikes. Six-month and one-year yields have both surpassed 5% for the first time since 2007, while the benchmark 10-year Treasury yield sits just below 4%. After more than a decade of near zero interest rates …

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