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Warren Buffett Last Letter: In one of his final letters to Berkshire Hathaway shareholders, Warren E. Buffett shared that he plans to fast-track the donation of most of his $150 billion fortune.
The money will go to the charitable foundations run by his children. “My children are at a stage where they have both experience and wisdom,” Buffett, 95, wrote.
“They’re not old yet, but they’re ready for this responsibility,” he added, referring to his daughter and two sons, who are now between 67 and 72 years old.
In May, Warren Buffett shared that he’ll be stepping down as Berkshire Hathaway’s chief at the end of this year.
He named Gregory Abel, 63, as his successor — the same executive who joined Berkshire back in 2000 when it acquired the energy company he was leading.
“Greg understands our businesses and our people better than I do now,” Buffett wrote on Monday.
Abel will take the reins of a global powerhouse with an enormous portfolio and one of the highest stock prices in history. Berkshire’s Class A shares closed Friday at a remarkable $748,320.
For 60 years, Warren Buffett guided Berkshire Hathaway and reshaped it from a struggling textile mill into a symbol of the American economy. What began as a small investment turned into a business empire worth over $1 trillion.
During that journey, Buffett became one of the most recognized names in finance, celebrated for his brilliant investing sense and humble, relatable leadership style.
Warren Buffett’s yearly letters to shareholders became a tradition that helped define his legacy. They were more than business updates — a mix of market insight, investing lessons, leadership advice, and personal reflections.
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He also shared news about Berkshire’s railroads, energy companies, retail stores, and stock holdings. Gregory Abel has said he’ll carry on that tradition with his own annual letters.
On Monday, Buffett said he’ll soon be “going quiet.” Still, he added that he won’t disappear completely — he plans to keep sending a Thanksgiving letter each year.
In his preholiday letter this year, Warren Buffett allowed himself a touch of nostalgia while reassuring Berkshire Hathaway’s investors that he’s still in good shape. “I move a little slower now and reading takes more effort,” he wrote.
“But I’m still at the office five days a week, working alongside wonderful people. Every so often, a good idea pops up — or someone brings me an opportunity we might have missed otherwise.”
Warren Buffett has always sprinkled his letters with affection for America — and for Omaha, the city where he was born and still lives in the same home he bought in 1958.
On Monday, he returned to that sentiment once more. “The middle of the United States has been a great place to be born, to raise a family, and to build a business,” he wrote.
Berkshire Hathaway’s portfolio includes some of the most familiar names in everyday life — GEICO, Dairy Queen, See’s Candies, Fruit of the Loom, Benjamin Moore, and NetJets.
Lately, the company has been betting big on U.S. Treasury bills, building a cash pile so large it has occasionally topped even the Federal Reserve’s holdings.
By the end of September, Berkshire was holding more than $300 billion in Treasurys. Warren Buffett admitted that America can be “unpredictable and sometimes selfish in how it hands out rewards.”
Even so, he encouraged investors to “be grateful to America for giving you the chance to succeed.” He also offered a simple reminder about respect.
“Remember, the cleaning lady is just as human as the chairman,” he wrote. Then, in true Buffett fashion, he ended with a touch of humor: “I wish everyone a very happy Thanksgiving — yes, even the jerks. There’s always time to do better.”
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