Buffett's Annual Letter Due on Friday

Tomorrow afternoon Berkshire Hathaway is expected to release its 2007 Annual Report, which includes Warren Buffett's annual letter to shareholders. Buffett's annual letter is probably the finest single piece of financial writing produced every year, Buffett is known for his insight and ability to address important issues in a straight forward manner.

Friday afternoon I plan to drop everything to read the letter. I work as a professional analyst and produce a weekly commentary piece, tomorrow that piece will be a series of quotes from Buffett's annual letter. I don't know how financial commentators can do anything else tomorrow. Trying to follow Buffett is like trying to follow Tiger Woods after a golf lesson, what could you possibly say if Woods turned to you and asked "anything you would like to add?". The only reasonable piece of commentary has to be "listen to what he said."

Timothy Burger
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