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WATCH: Warren Buffett speaks, the world will listen

Tony Yoo
WASHINGTON, DC - DECEMBER 14: Susie Buffett and Warren Buffett arrive at "The Post" Washington, DC Premiere at The Newseum on December 14, 2017 in Washington, DC. (Photo by Paul Morigi/WireImage)
WASHINGTON, DC - DECEMBER 14: Susie Buffett and Warren Buffett arrive at "The Post" Washington, DC Premiere at The Newseum on December 14, 2017 in Washington, DC. (Photo by Paul Morigi/WireImage)

Famous stock investor and third-richest person in the world, Warren Buffett, will talk for many hours this Saturday as the world listens.

Buffett has a loyal following akin to a rock star, so it's only appropriate that his investment company Berkshire Hathaway's annual general meeting is known as the "Woodstock for Capitalists".

There was even a documentary titled exactly that, depicting how tens of thousands of people descend on the small city of Omaha, Nebraska each year to hear the 88-year-old speak.

This year's event is on this weekend, and late Saturday night Australia time will see Buffett and his right-hand-man Charlie Munger reveal their latest thoughts on stock investing.

Fortunately, Australians need not fly to the US to see them speak. Yahoo Finance will exclusively stream their address right here, with the event due to start at 11:45pm AEST:

Despite Buffett's age – not to mention Munger's 95 years – the pair are expected to speak for hours, covering a range of topics.

Berkshire Hathaway's class A share price is currently valued at US$325,900 each. It was US$7,100 in 1990.

While Berkshire Hathaway's success has seen many fans counting on his every word, Buffett's lustre has taken a slight battering in recent times as his picks have struggled to outperform the market average.

Food manufacturer Kraft Heinz, one of Berkshire Hathaway's long term picks, has lost more than 20 per cent this year.

There is also the question of who will be his and Munger's successor, and who Buffett thinks will win the 2020 US presidential election and how that might impact share markets.

Despite his wealth, according to Forbes, Buffett still lives in the Omaha house that he bought in 1958 for US$31,500. He has previously pledged to give away 99 per cent of his fortune.

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