Legendary investor Warren Buffett has said he will be "going quiet" as he sent the last of his famous shareholder letters as chief executive.

The 95-year-old "Oracle of Omaha" also threw his weight behind incoming boss, Greg Abel, and said he had "more than met" his high expectations.

Shares in Buffett's $1trn company, Berkshire Hathaway, have dipped over the past six months - despite US markets rising - as his days as chief executive tick down.

But in Monday's letter to shareholders, the world's 10th richest person downplayed concerns the halo effect dubbed the "Buffett premium" was ebbing away.

He said Abel had "more than met" his expectations and it was just a case of the 63-year-old needing time to get investors' confidence.

"I can't think of a CEO, a management consultant, an aca

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