Buffett Steps Down, Abel Takes Over
Update: 2025-11-11
Description
Warren Buffett, the legendary investor, is stepping down from writing his annual letters to Berkshire Hathaway shareholders, a tradition since 1965. However, hes not disappearing entirely, planning to continue his annual Thanksgiving messages and significantly increase philanthropic efforts, giving away his $149 billion in Berkshire Hathaway stock. Greg Abel, the vice chairman of Berkshires non-insurance operations, will replace Buffett next year. Despite health issues, Buffett remains active, and Berkshire Hathaway shares have seen a 10% rise this year, reaching a $1 trillion market capitalization.
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