Warren Buffett, the legendary 95-year-old investor who has inspired generations globally, made a significant announcement that marks the end of an era for Berkshire Hathaway shareholders.
The End of an Era
In a letter to shareholders on Monday, November 10, 2025, Buffett declared he will no longer write Berkshire's annual report or speak at the company's annual meeting. Using British phrasing, he described his decision as "going quiet," though he added the qualifier "sort of" to his statement.
The announcement represents a major shift for the company known as the Sage of Omaha, who has been the primary voice and face of Berkshire Hathaway for decades through his widely-read annual letters and marathon question-and-answer sessions at annual meetings.
Leadership Transition Confirmed
This decision follows Buffett's earlier announcement at Berkshire's annual meeting in May, where he recommended vice chair Greg Abel as his successor. The board approved this move two days later, setting the stage for a formal leadership transition.
Greg Abel, a Canadian executive, will officially take the helm as chief executive officer on January 1, 2026. In his Monday letter, Buffett expressed strong confidence in his successor, describing Abel as "a great manager, a tireless worker and an honest communicator." Buffett added his wish for Abel to have "an extended tenure" leading the conglomerate.
What Buffett Will Continue Doing
While stepping back from his most prominent communication duties, Buffett clarified that he will maintain some traditions. He confirmed he will continue his annual Thanksgiving message to shareholders, maintaining at least one regular communication channel with investors.
His recent letter also included details about his plans for distributing his Berkshire shares and contained what he described as "a few business and personal observations" - potentially offering insights investors have come to expect from his communications.
The transition represents a carefully planned succession that aims to ensure Berkshire Hathaway's stability and continued success under new leadership while acknowledging the inevitable changing of the guard from one of history's most celebrated investors.
