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Buffett's Empty Calendar Offers Billionaire Path to Bigger Ideas

  • Berkshire CEO due to release annual letter on Saturday
  • Plunging stocks, succession are among hot topics for investors
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What to Expect From Warren Buffett's Annual Letter

Here’s a theory from Charles Munger on why his friend Warren Buffett has been so successful building Berkshire Hathaway Inc. into one of the world’s most valuable companies:

“He has a lot of time to think,” Munger told investors in Los Angeles on Feb. 10. “Warren is sitting on top of an empire now, and you look at his schedule sometimes, and there’s a haircut. ‘Tuesday: Haircut Day.”’