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Warren Buffett Retires, Passes Berkshire Hathaway Torch to Abel

11/28/2025

Summary

Story summary

Warren Buffett announced his retirement as Berkshire Hathaway CEO in a shareholder letter.
The letter, dated November 10, states Greg Abel will succeed him at year-end.
Buffett will stay in touch via the annual Thanksgiving message despite stepping back from his traditional annual reports.
He donated $1.35 billion in Berkshire shares to family foundations.
He urged readers to give time and learn from mistakes, reinforcing his enduring investment philosophy.

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Story summary

Warren Buffett announced his retirement as Berkshire Hathaway CEO in a shareholder letter.
The letter, dated November 10, states Greg Abel will succeed him at year-end.
Buffett will stay in touch via the annual Thanksgiving message despite stepping back from his traditional annual reports.
He donated $1.35 billion in Berkshire shares to family foundations.
He urged readers to give time and learn from mistakes, reinforcing his enduring investment philosophy.