The era is coming to an end
One of the world's most famous investors — Warren Buffett, a man who taught a generation to think long-term — wrote his farewell letter as CEO of Berkshire Hathaway.
As of January 1, 2026, the management of the company will be transferred to Greg Abel, the current top manager of Berkshire. Buffett will remain the chairman of the board and will continue to support shareholders through an annual 'thank you letter,' but will stop writing financial reports and participating in company meetings.
👔 Key point: the transfer of leadership happens without drama. It is a thoughtful, symbolic step by a person who has always emphasized that the main thing in business is trust, discipline, and predictability.
Buffett also announced a new wave of his philanthropy — the transfer of Berkshire Hathaway shares worth $1.3 billion to four family foundations led by his children:
🔹 Susan Thompson Buffett Foundation — education and reproductive health programs;
🔹 Sherwood Foundation — supporting social initiatives in the USA;
🔹 Howard G. Buffett Foundation — fighting hunger and developing agriculture;
🔹 NoVo Foundation — empowering girls and women.
Buffett explained his decision simply:
“My children have the maturity, intellect, and instincts to effectively allocate a large fortune.”
He added that his donations will not affect the financial stability of Berkshire Hathaway, which remains one of the most reliable holdings in the world.
📜 At 94 years old, Buffett continues to embody the principle he once articulated:
“Live in such a way that even your enemies say — a decent person.”
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