Nov. 13 at 2:41 AM
$NDAQ $BRK.A
Berkshire Hathaway: Warren Buffett Steps Back
Effective Year-End 2025, Buffett will hand over full operational and communication responsibilities to Greg Abel, who becomes CEO of Berkshire Hathaway.
Buffett’s own words:
“As the British would say, I’m ‘going quiet.’ Sort of.”
He will still continue writing his annual Thanksgiving letter — a personal reflection aimed at individual shareholders, emphasizing humility, generosity, and lessons from a lifetime of investing.
Highlights:
•Buffett converted 1,800 Class A shares into 2.7 million Class B shares, donating them to four family foundations:
- The Susan Thompson Buffett Foundation (1.5 million shares)
- The Sherwood Foundation
- The Howard G. Buffett Foundation
- The NoVo Foundation
• He reaffirmed full confidence in Greg Abel, calling him “a great manager, tireless worker, and honest communicator.”
•Buffett also wrote movingly about his life at 95, his gratitude, luck, and lessons — from early Omaha days to friendships with Charlie Munger, Don Keough (Coca-Cola), and Ajit Jain.
Core Message:
“Don’t count on luck, but recognize it when you have it.
Choose your heroes wisely and emulate them.
Greatness doesn’t come from wealth or fame — but from kindness, humility, and integrity.”
Buffett’s tone is reflective, humble, and deeply personal — much like his 2010 “Giving Pledge” moment. He ends by thanking America and its system for enabling opportunity, urging readers to “thank America for maximizing your opportunities.”
My Take:
This letter isn’t just an announcement. It’s a farewell blueprint — how a 95-year-old capitalist-philanthropist defines success beyond wealth.
Buffett’s career was never about beating the market. It was about beating mediocrity — in thought, ethics, and purpose.
He is “going quiet,” but his voice will echo for generations.
Link to full letter: https://t.co/sTUwUrayjt
