Legendary investor Warren Buffett on Monday published a letter to shareholders letting them know he will be handing off the duties of writing Berkshire Hathaway's annual report and speaking at shareholder meetings to his successor, Greg Abel.

Buffett, the 95-year-old chairman and CEO of Berkshire Hathaway , wrote that, "I will no longer be writing Berkshire's annual report or talking endlessly at the annual meeting. As the British would say, I'm 'going quiet.' Sort of." Ticker Security Last Change Change % BRK.B BERKSHIRE HATHAWAY INC. 496.98 -2.08 -0.42%

"Greg Abel will become the boss at yearend. He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure," Buffett wrote about Abel, who he and the board chose as his successor.

"I will c

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