Warren Buffett says he is 'going quiet' in final letter to shareholders
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Warren Buffett, in his annual message as chief executive of Berkshire Hathaway to shareholders – a tradition dating back to 1965 – said that he will be “going quiet” after he steps down at the end of this year. But the 95-year-old is not going away just yet.

Warren Buffett has decided to stop penning the introduction for Berkshire Hathaway’s annual report. However, he plans to continue delivering his yearly Thanksgiving message and will significantly increase his charitable contributions, distributing the $149 billion in Berkshire Hathaway shares he still owns.

Known as “The Oracle of Omaha,” Buffett has become a legendary figure in the investing world, amassing tremendous wealth while maintaining a down-to-earth image, largely through his shareholder letters. Though his investment decisions are scrutinized by investors globally, Buffett has made a name for himself as a staunch supporter of the American spirit and capitalism.

Berkshire Hathaway CEO Warren Buffett released his final letter to shareholders on November 10.(AP)

His investment approach hinges on a relentless quest for value, often leading Berkshire Hathaway to hold substantial cash reserves until an ideal opportunity presents itself.

In a financial landscape driven by the pursuit of quick profits, few CEOs have managed to garner the same level of trust and patience from investors as Buffett has.

Buffett expects the company to move on from him. But so much of Berkshire’s identity has become intertwined with its CEO. It’s hard to imagine the low-profile Greg Abel, for example, putting his face on a ketchup bottle to spur sales. Woodstock for capitalists might get just a little less festive from now on.
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