Warren Buffett said goodbye to Berkshire Hathaway shareholders in a letter on November 10th, making it clear he’s stepping back in a big way. No more annual reports from him. No more speaking at shareholder meetings. ‘As the British would say, I’m going quiet. Sort of,’ he joked, looking back at decades of leading and building businesses. He’s 95 now, and while he’s handing off the big responsibilities, he says he’ll still send out his Thanksgiving messages for anyone who wants to read them.
Buffett’s officially stepping down as CEO by the end of the year, and Greg Abel will take his place. In a major move, Buffett converted 1,800 A shares into 2.7 million B shares and gave them to four family foundations: 1.5 million to The Susan Thompson Buffett Foundation, and 400,000 each to The Sherw

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