I wrote you 50+ letters… Gosling, step aside: Warren Buffett has been writing Berkshire Hathaway shareholders a letter every year since he took over the holding co in 1965. Investors scan them for investing + practical advice from the 93-year-old Oracle of Omaha. In this year’s missive (expected on Saturday) they may be looking for insight into why Berkshire trimmed its positions in tech cos like Apple and HP, and loaded up on Big Oil stock from Chevron and Occidental. It’ll be Buffett’s first letter since the death of his longtime biz partner, Charlie Munger.
Flat screens in aisle 5… Analysts expect a full cart when Walmart drops earnings today. America’s #1 retailer topped estimates in November as its go-to grocery biz helped lift sales. Walmart’s CEO said “deflation” has lowered prices of higher-ticket items like toys and electronics, which could hit margins but lure thrifty shoppers. Walmart's also reportedly in talks to buy TV maker Vizio for $2B+. Since smart TVs can display ads and collect viewing data, Walmart could use the purchase to supercharge its $2.7B/year ad biz.