There’s a good chance that Berkshire Hathaway’s stock will lag the S&P 500 in the coming years. This is a matter of simple probabilities, and not a criticism of Berkshire Hathaway Chairman and Chief Executive Warren Buffett or his designated successors.

Investors worldwide eagerly await Buffett’s insights, particularly his views on long-term strategy, market conditions, and Berkshire’s diverse portfolio, which spans insurance, energy, freight rail transportation,

Warren Buffett wrote to Berkshire Hathaway shareholders in 2014 that most investors shouldn't try to pick individual stocks to buy because they couldn't "predict their future earnings power." Instead, he recommended that the typical investor buy a "low-cost S&P 500 index fund."

Investors are awaiting Berkshire Hathaway Chairman Warren Buffett’s annual investor letter, in which he typically expounds on Berkshire’s performance along with anecdotes and vignettes about investing and life.

Key Takeaways Warren Buffett's Berkshire Hathaway is set to report fourth-quarter earnings on Saturday.Buffett's annual shareholder letter, which investors look to for commentary on investments and the economy,