PQBD2025 in Phuket

Warren Buffett accidentally calls Greg Abel “Charlie” at the annual Berkshire Hathaway shareholder meeting 💔

Warren Buffett has led Berkshire Hathaway for over 60 years since 1965, and this week he officially penned his last annual shareholder letter, reiterating that he will step down as CEO at the end of the year, with Greg Abel taking over. The 95-year-old Buffett reflected in the letter on the growth years in Omaha, the 64-year partnership with Charlie Munger, and the accelerated plan for lifetime gifts to the foundations of his three children.

On November 10th, Warren Buffett released his annual letter to shareholders, widely regarded as his "farewell" work. The "Oracle of Omaha" officially announced that he will no longer personally write shareholder letters or attend Berkshire Hathaway's annual meetings. Buffett once compared Bitcoin to "rat poison," but from 2015 to 2025, Bitcoin has increased approximately 319%, while Berkshire Hathaway's average return over the past decade has been around 13%.

Warren Buffett published his latest annual letter to investors. He announced that in 2026, he will hand over leadership of Berkshire Hathaway to Greg Abel. Since 1965, Buffett has been writing letters to shareholders, which have become a symbol of classic investing. He has now begun transferring assets: converting 1,800 Class A shares into 2.7 million Class B shares and transferring over $1.1 billion to four family foundations. Simultaneously, he is accelerating the transfer of $X billion to his children's charitable foundations. Berkshire's financial indicators remain strong: operating profit increased by 34%, and cash holdings reached a record $381.7 billion.

Warren Buffett will step down as CEO of Berkshire Hathaway by the end of 2025, ending nearly sixty years of leadership. Berkshire Hathaway's cash reserves for the third quarter reached an unprecedented $381.7 billion, but Buffett has remained cautious about share buybacks or major acquisitions, having not repurchased stock for five consecutive quarters, in stark contrast to Strategy CEO Michael Saylor's aggressive Bitcoin strategy.