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Posted on 11/11/2025 9:23:48 PM PST by SeekAndFind
In a heartfelt farewell note to Berkshire Hathaway shareholders dated November 10, Warren Buffett, the Oracle of Omaha, announced that he will no longer pen his iconic annual letters or address the company’s annual meetings. The legendary investor, now 95, took a reflective look back at his journey, from his early days in Omaha to the decades spent shaping Berkshire into one of the world’s most admired conglomerates.
Warren Buffett, the outgoing CEO of Berkshire Hathaway, announced that he will stop writing annual shareholder letters and step back from public appearances, marking the end of a storied era for one of the world’s most influential investors.
In his final note released on Monday (local time), Buffett, 95, said he will continue sending his annual Thanksgiving letter to family and shareholders but will no longer pen Berkshire’s detailed yearly reports or “talk endlessly” at shareholder meetings.
“I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, I’m ‘going quiet,’ sort of,” Buffett wrote
The billionaire converted shares worth $1.3 billion and donated them to four family foundations, namely: The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G Buffett Foundation, and NoVo Foundation.
In his letter, Buffett spun anecdotes, business, and life lessons he is widely known for, and also shed light on some new plans about his philanthropic giving and CEO pay.
1. The 95-year-old Berkshire Hathaway CEO said he generally feels good, though he feels the effect of aging on his balance, sight, hearing, and memory. "Though I move slowly and read with increasing difficulty, I am at the office five days a week, where I work with wonderful people."
2. Although Buffett has increased his donations to his children’s charitable foundations, he said his positive view of Berkshire Hathaway remains unchanged. He plans to retain a “substantial portion” of his Class A shares until investors gain confidence in his successor as chief executive. “That level of comfort shouldn’t take long,” he wrote.
3. Speaking highly of his successor Greg Abel, who will now take over the charge at Berkshire Hathaway, Buffett called him a "great manager", "a tireless worker", and an "honest communicator". He further added, "My hope is that his health remains good for several decades. With a little luck, Berkshire should require only five or six CEOs over the next century. It should particularly avoid those whose goal is to retire at 65, to become look-at-me rich, or to initiate a dynasty."
4. Buffett also shed light on his life in Omaha and dedicated nearly two pages of his letter to recounting his good life in Omaha and the successes and wisdom of his fellow Nebraskans, including his "best pal" Charlie Munger, who has been his friend for 64 years.
5. He added, "Looking back, I feel that both Berkshire and I did better because of our base in Omaha than if I had resided anywhere else. The center of the United States was a very good place to be born, to raise a family, and to build a business."
6. Buffett ended the letter with a reflection on life, mistakes, and humanity.
"One perhaps self-serving observation. I’m happy to say I feel better about the second half of my life than the first. My advice: Don’t beat yourself up over past mistakes – learn at least a little from them and move on. It is never too late to improve. Get the right heroes and copy them. You can start with Tom Murphy; he was the best.
Remember Alfred Nobel, later of Nobel Prize fame, who – reportedly – read his own obituary that was mistakenly printed when his brother died and a newspaper got mixed up. He was horrified at what he read and realized he should change his behavior. Don’t count on a newsroom mix-up: Decide what you would like your obituary to say and live the life to deserve it. Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world.
Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior. I write this as one who has been thoughtless countless times and made many mistakes but also became very lucky in learning from some wonderful friends how to behave better (still a long way from perfect, however). Keep in mind that the cleaning lady is as much a human being as the Chairman."
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Forgot to put the link of the article, sorry:
Buffet donated very poorly.
The Susan Thompson Buffett Foundation is a major funder of liberal causes, particularly in the realm of reproductive rights and population control. The foundation provides large grants to organizations such as Planned Parenthood, the Guttmacher Institute, and Marie Stopes International, with over $3.94 billion in grants to pro-abortion and contraception-focused groups between 2002 and 2018.
It also funds litigation and research aimed at expanding abortion rights, including supporting efforts that contributed to the Supreme Court’s decision to strike down parts of Texas’s HB2 abortion law.
The Sherwood Foundation exhibits a left-leaning political orientation and promotes left-of-center social policy through its grantmaking. It requires recipients of its donations to share the same libtard feminist values, including support for abortion rights and “reproductive justice.”
The NoVo Foundation is widely regarded as a highly progressive or “super liberal” philanthropic organization, aligned with left-of-center and anti-capitalist causes.
These are just “shell companies/charities” he transferred money to that his kids are in charge of.
Very poor choices.
His shareholder letters are quite worth reading - lots of wit and wisdom:
https://www.berkshirehathaway.com/letters/letters.html
Well…. Bye.
i wonder about all the family farms they say he swooped in and stole. i wonder if people would think more kindly of him if he had swooped in and paid the inheritance taxes and preserved their family ownership—instead of taking advantage of a gov’t theft program to clean up on the bereaved. ah well. to each their own.
>> At 95, he praised Omaha’s influence
95, and still a fockin’ idjut.
Warren is not a good guy. In fact, he’s a pretty crappy human being with malevolent views. As with the Bush family, the Planned Parenthood support is little more than a convenient facade for his good old-fashioned WASP snobbery and eugenic mentality (i.e., the wrong sort of people shouldn’t be breeding). With that said, he’s made money for me... though Berkshire has underperformed over the last couple decades. I hope that the new management does better.
Wasn’t he a close bud of Bill Gates?
Just another scum bucket.
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