Yes, you read that headline correctly.

Warren Buffett, the billionaire investor and friend of Alex Rodriguez, will play himself in an upcoming episode of All My Children. He comes to Erica Kane's aid while she's in prison on a fraud rap.

It's Buffett's second appearance on the ABC drama, but his first since 1992.

In the episode, scheduled to air during May sweeps, Buffett is called to Pine Valley by his pal Opal Cortland (Jill Larson, above right with Buffett). Opal wants him to help her best friend, Erica (Susan Lucci, left and inset with Buffett), who was caught after going on the lam following her guilty plea to insider trading.

Buffett agrees to visit Erica in prison, accompanied by Opal, who's hopeful that one of the world's richest men can leverage a deal on Erica's behalf. We're sure he can!

Matt Richenthal is the Editor in Chief of TV Fanatic. Follow him on Twitter and on Google+.