Warren Buffett Announces Retirement and Historic Charitable Commitment
Warren Buffett, the esteemed American billionaire and investor, has announced his retirement from writing the annual report for Berkshire Hathaway after more than 60 years in the finance and business sectors. At 95 years old, he will pass the leadership reins to his deputy, Greg Abel, by the end of this year.
In a heartfelt announcement, Buffett disclosed his intention to significantly increase his charitable contributions, confirming that he will donate the remaining shares of his company, worth approximately 149 billion dollars.
In a press release dated November 10, 2025, Buffett humorously stated:
"I will no longer write the Berkshire annual report or elaborate at the annual meeting. As the British say, I will keep quiet... sort of."
Buffett expressed confidence in his successor, Greg Abel, praising his "high managerial capabilities, tireless determination, and rare transparency," and expressed optimism for the company's future under his leadership.
* Reflecting on a Fortunate Life
Buffett described his life as a "journey of luck and longevity," expressing gratitude for reaching 95 years of age:
"When I was young, the odds were not in my favor."
He reminisced about his childhood in Omaha, Nebraska, recalling a near-fatal bout with appendicitis in 1938, and shared his youthful dreams of owning a sled, bike, baseball glove, and electric train.
* Remembering Charlie Munger
Buffett dedicated a significant portion of his message to his late friend and business partner, Charlie Munger, whom he described as "the older brother and unparalleled mentor," stating:
"For over 60 years, Charlie had a profound impact on my life. We never disagreed to the point of arguing, and he never said 'I told you so.'"
He also acknowledged other influential figures in his career, including Stan Lipsey, Walter Scott Jr., and Don Keough, noting that his Omaha roots were pivotal to his and Berkshire's success:
"I have been lucky since the moment I was born."
* The Role of Luck and Humanity
Despite his characteristic humor about life's unpredictability, Buffett emphasized the role of luck in longevity, stating:
"Anyone reaching an advanced age like mine needs huge doses of luck, from surviving falls to avoiding accidents and disasters. However, we must recognize that some leaders and wealthy individuals have received an unfair share of luck compared to others."
Regarding the transition of leadership, Buffett conveyed his complete trust in Greg Abel to manage the company and safeguard shareholders' interests:
"I cannot find anyone I trust more to take on this responsibility."
He concluded with a message that combined wisdom and humor, stating:
"Greatness is not measured by wealth, fame, or power, but by your ability to help others. Kindness is free but priceless. And I wish everyone a happy Thanksgiving... yes, even to annoying people; change is always possible."
