Warren Buffett's annual letter to Berkshire Hathaway shareholders will be released at 8a ET tomorrow (Saturday) morning.
The letter will be posted on Berkshire's website along with its 2008 annual report and fourth quarter earnings.
Buffett's shareholder letters are always a must-read for many investors, and Berkshire's tough year is increasing the anticipation even more this time around.
The stock is down over 47 percent from the all-time high of almost $150,000 back in December of 2007, and recently fell to a five-year low.
Many of the stocks in Berkshire's portfolio have been battered, especially the financials. Berkshire's big derivatives contracts are losing billions of dollars on paper as stock indexes continue to fall.
Several of Berkshire's operating companies depend on consumers, so they're suffering along with the economy. And it was a tough hurricane season last year, which doesn't help Berkshire's insurance businesses.
CNBC's Jim Cramer has accused Buffett of hypocritically "selling America" and the outspoken Doug Kass predicts Berkshire's investors will abandon Buffett as the stock continues to fall over the long-term.
So, writes Reuter's Jonathan Stempel, "Warren Buffett has some explaining to do."