Warren Buffett releases his annual letter to Berkshire Hathaway shareholders tomorrow morning (Saturday) at 8a ET as part of the company's annual report.
The 10,000+ word document is, as AP puts it, "one of the best-read and most-quoted business documents every year."
The letter typically covers a variety of topics. (Past years' letters are posted on Berkshire's web site.) This time around it may include references to Berkshire's recent stock portfolio shuffling and the company's still sketchy succession plans.
It will almost certainly feature Buffett's optimism for the country's long-term economic future, as demonstrated by his just-completed "bet" on America, the $26 billion purchase of freight railroad Burlington Northern. (That would be in contrast to partner Charlie Munger's recent pessimistic parable.)
24/7 Wall Street predicts we'll be reading a "far more confident Buffett" than the one who wrote last year's letter admitting he'd done "some dumb things" in 2008. In that letter he also predicted the economy would "be in shambles throughout 2009 - and for that matter, probably well beyond."
We'll be looking tomorrow for any signs of optimism about the economy's short-term outlook.
Also included: a fourth quarter earnings report and the annual, prominently featured comparison of Berkshire's corporate performance vs the S&P 500, as measured by the change in the company's per-share book value.