Warren Buffet released his 50th annual letter to investors last week. It has become an important read annually for anyone in the financial services industry. I never assume anyone knows everything and I certainly never believe someone is always right. Buffet is right way more often than he is wrong. There are a lot of great points in this years letter. To say he takes the glove off in this years writing is fairly accurate. It is a great read but it's lengthy. You probably won't read it. If not then I encourage you to at least read Tren Griffin's A Dozen Things Taught By Warren Buffett In His 50th Anniversary Letter That Will Benefit Ordinary Investors.