Warren Buffett, the 95-year-old investing icon, has announced he is “going quiet” after nearly six decades of writing Berkshire Hathaway’s annual letters — a ritual that shaped global financial thinking and earned him a cult following far beyond Wall Street.

In a farewell note that read more like a memoir than a financial report, Buffett said he would step back from authoring Berkshire’s annual reports and speaking at the famed shareholder meetings. “I will no longer be writing Berkshire's annual report or talking endlessly at the annual meeting,” he wrote. “As the British would say, I'm going quiet.” Advertisement

Greg Abel, his long-designated successor, will formally take over as CEO of Berkshire Hathaway by the end of this year. Buffett praised him as “a great manager, a tireless wo

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