Warren Buffett released his annual letter to his shareholders on Saturday.
The 30 page letter is one of the most read business documents every year, and this year Buffett told his investors the American dream is still alive.
"As a result of this negative drumbeat, many Americans now believe that their children will not live as well as they themselves do. That view is dead wrong. The babies being born in America today are the luckiest crop in history," Buffett commented regarding the Presidential election and the future of the economy.
“He talks about the candidates saying its doom and gloom coming up, and says America’s best days are still ahead,” said Steve Jordon who covers Buffett and Berkshire-Hathaway for the Omaha World-Herald.
Berkshire-Hathaway increased its year-end cash balance to $71.7 billion, a 13% climb from 2014.
“When I talked to him some time ago he says the company still has a long ways to go and keep growing,” said Jordon.
Many industry experts took particular notice Buffett dedicated two pages of the letter to mobile home maker Clayton Homes, who is accused of predatory lending practices last year.
Buffett didn't address those specific reports, but praised Clayton and said it's upfront with buyers about loan terms.
“He gave a fairly, two pages plus, information about Clayton homes pretty much answering the critics how have raised questions about it, I was surprised he went to that length to discuss that,” said Jordon.
Buffett will be answering questions on CNBC Monday morning.
The shareholders meeting will be April 30th at the CenturyLink Center.
