Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, released a rare and heartfelt Thanksgiving letter offering major updates on his future, philanthropic plans, and reflections on his extraordinary life. At 95, Buffett combined personal storytelling with important announcements that will shape Berkshire’s long-term direction.
A Massive $1.3 Billion Philanthropic Donation
Buffett revealed that he has donated the equivalent of $1.3 billion in Berkshire Hathaway shares to four foundations run by his family:
- Susan Thompson Buffett Foundation
- Sherwood Foundation
- Howard G. Buffett Foundation
- NoVo Foundation
To make the donation possible, he converted 1,800 Class A shares into 2.7 million Class B shares, distributing them in equal portions. His letter emphasized his confidence in his children’s ability to manage the funds responsibly and make a lasting social impact.
Stepping Down From Core Berkshire Duties
One of the biggest announcements was Buffett’s decision to step back from major Berkshire responsibilities.
He shared that:
- He will no longer write the detailed annual letter that shareholders look forward to every year.
- He will stop participating in long Q&A sessions during Berkshire’s annual meetings.
- At the end of the year, Greg Abel will officially take over as CEO of Berkshire Hathaway, although succession planning has long been in place.
Buffett noted that he is not disappearing completely — he will remain a significant shareholder and continue guiding Berkshire during the leadership transition.
Reassurance About Berkshire’s Future
Despite the leadership shift, Buffett reassured investors that Berkshire Hathaway remains financially strong, diversified, and positioned for long-term stability.
He highlighted:
- Berkshire’s vast size makes large new deals uncommon
- The company’s structure provides strong risk control
- There is a strong leadership bench in place
Buffett made it clear that Berkshire’s culture and values will continue under Greg Abel’s guidance.
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Personal Reflections and Gratitude
Buffett opened the letter by looking back on a dramatic childhood memory — a near-fatal medical emergency — which he credits as a moment that shaped his appreciation for life.
He reflected on:
- The importance of gratitude, especially during Thanksgiving
- His good fortune to have lived a long, fulfilling life
- The responsibility that comes with wealth and influence
- The values he learned from his family and mentors
These personal notes added emotional depth to the letter and highlighted Buffett’s trademark humility.
Life and Investing Wisdom
Buffett used the letter to leave behind timeless advice for investors and future Berkshire managers. His key lessons included:
- Think long-term, not in short market cycles
- Stay patient, even when opportunities seem slow
- Avoid unnecessary risk
Choose the right people to admire and learn from - Keep emotions out of financial decisions
Even in a farewell-style letter, Buffett continued teaching the principles that made him one of the greatest investors in history.
What This Letter Means Going Forward
Buffett’s Thanksgiving letter marks the symbolic end of an era.
For decades, his annual letters shaped global financial thinking, influenced markets, and mentored millions of investors.
His transition into a quieter role suggests:
- A new leadership chapter at Berkshire
- A renewed emphasis on long-term philanthropy
- Buffett’s desire to cement his legacy while still guiding from behind the scenes
The letter captures both a personal and professional milestone — one that signals continuity, generosity, and enduring wisdom.
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