Warren Buffett says he is 'going quiet' in final letter to shareholders
Share this @internewscast.com
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.
Share this @internewscast.com
You May Also Like

Review Reveals Optus Overlooked Early Alerts in Emergency Call Outage

The 14-hour outage during a network upgrade in September hit South Australia,…
Queensland Police released a photo of Kai Fursey, who they want to speak to about the deadly Wacol Uber crash.

Shockwaves as Driver Receives 11-Year Sentence for Fatal Hit-and-Run

A car thief is set to serve a minimum of seven years…

Shocking Courtroom Moment: Nick Reiner’s Brief Remark on Murder Charges

The younger son of Hollywood filmmaker and political activist Rob Reiner has…
Prime Minister Anthony Albanese

United We Stand: PM’s Powerful Message Against Division and Cowardice

Standing on the steps of Sydney’s iconic landmark, the Prime Minister condemned…
A 14-year-old girl bravely took a bullet to her thigh as she shielded two toddlers from the gunfire that rained down on crowds at Bondi Beach. 

Heroic Teenager Protects Toddlers During Bondi Shooting Incident

A courageous 14-year-old girl was wounded in the thigh while heroically protecting…
Multiple men were seen in handcuffs.

Seven Men Arrested by Armed Police in Sydney’s South-West

The police have disclosed that they received a tip-off about a “potentially…

Discover the Surprising Daily Habits of Australians: How Does Your Routine Stack Up?

Women spend more than an extra hour a day on unpaid work…
Man charged over alleged antisemitic threats on flight from Bali to Sydney

Man Faces Charges for Alleged Antisemitic Threats on Bali-Sydney Flight: A Disturbing Mid-Air Incident

A 19-year-old man from Condell Park, Sydney, finds himself facing serious charges…

Misinformation Circulates: Fake Hanson Quotes and Cricket Shirts in the Wake of Bondi Attack

The following story contains images some readers may find distressing. Almost as…
Schools told to keep children inside as polluted fog envelops Bosnian capital

Bosnian Capital Shrouded in Toxic Fog: Schools Urged to Shelter Students Indoors for Safety

On Thursday, Sarajevo was shrouded in a dense fog that led to…

Heartfelt Farewell for Youngest Bondi Attack Victim as Prime Minister Leads Multi-Faith Memorial

Matilda was having a delightful day with her family, her face adorned…
Australians who lost their retirement fund to be paid back $100m

Aussies Set to Recover $100 Million in Lost Retirement Savings

Netwealth has reached an agreement with the Australian Securities and Investments Commission…