At 95, Warren Buffett will finish as Berkshire Hathaway CEO at the end of the year. Photo: AP PHOTO

Warren Buffett has told Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.

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In a letter to Berkshire shareholders, likely his last before he steps down at year-end, the 95-year-old Buffett said he will be "going quiet" as Abel takes the lead in communicating with them.

Buffett also downplayed recent declines in Berkshire's stock

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