Warren Buffett Announces Retirement and Historic Philanthropic Commitment
After more than six decades of remarkable success in the finance and business sectors, 95-year-old American billionaire WarrenBuffett has announced his retirement from writing the annual report of Berkshire Hathaway, handing over leadership of the company to his successor, Greg Abel, by the end of this year.
In a surprising and heartfelt move, Buffett revealed plans to significantly increase his philanthropic contributions, confirming that he will donate the remainder of his company shares, valued at approximately 149 billion dollars.
In his characteristic sardonic style, Buffett stated in a press release dated November 10, 2025:
"I will no longer be writing Berkshire's annual report or making comments at the annual meeting. As the Brits say, I will... be a bit silent."
He expressed confidence in Greg Abel, highlighting his "strong management skills, tireless determination, and exceptional transparency," and expressed hope that Abel would lead the company to continued success.
* A Life of Joy and Lessons Learned
Buffett reflected on what he described as "a journey of happiness and longevity," expressing gratitude for reaching the age of ninety-five:
"When I was young, the odds were not in my favor."
He reminisced about his childhood in Omaha, Nebraska, recalling a near-fatal appendicitis in 1938, and added:
"I was a child dreaming of a sled, a bicycle, a baseball glove, and a train—those were our big dreams back then."
* Honoring His Friend and Partner Charlie Munger
Buffett dedicated a significant portion of his message to honoring his late friend and partner, Charlie Munger, whom he referred to as "an older brother and unparalleled teacher," adding:
"Over more than 60 years, Charlie had a profound impact on my life. We never disagreed to the point of fighting, and he never said, 'I told you so.'"
He also acknowledged other individuals who contributed to his journey, such as Stan Lipsey, Walter Scott Jr., and Don Keough, emphasizing that starting in Omaha was crucial to his and Berkshire's success:
"I have been lucky since the day I was born."
* Luck, Humility, and Humanity
Despite his ironic take on life's whims, Buffett spoke about the importance of luck, stating:
"Anyone my age needs large doses of luck to navigate falls and avoid accidents and disasters. But we must acknowledge that many leaders and wealthy individuals have had a disproportionate share of luck compared to others."
As he transitions leadership, Buffett reaffirmed his complete trust in Greg Abel to take on the responsibilities of the company and its shareholders' wealth:
"I can’t find anyone I trust more to take on this responsibility."
He concluded his message with a piece of wisdom that combines human values with his sardonic spirit:
"Greatness is not measured by wealth, fame, or power, but by the ability to help others. Kindness is free but invaluable. I wish everyone a happy Thanksgiving... yes, even to the annoying people; change is always possible."
