Latest Update: Omaha-based investing legend Warren Buffett, 95, officially announced in his Thanksgiving shareholder letter on November 10 (local time) that he will step down as CEO of Berkshire Hathaway by the end of 2025. The move marks the conclusion of his 60-year career at the helm, though he will retain his role as chairman. Greg Abel, Buffett’s long-time deputy, is set to succeed him as CEO.

Oracle of Omaha to Step Down: Warren Buffett Ends 60-Year Reign at Berkshire Hathaway
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Key Statement Details: In what he called his final shareholder letter, Buffett pledged a quiet exit —he will no longer author annual letters or preside over the company’s iconic annual shareholder meetings. To advance his charitable commitments, Buffett is converting 1,800 Class A shares (valued at $1.3 billion) to Class B shares for donation to foundations run by his children and late wife, accelerating his giving schedule. He also committed to retaining a significant stake in Berkshire’s Class A shares until shareholders fully embrace the new leadership, reaffirming: America will recover, and Berkshire’s stock will rise again.

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Legendary Investment Legacy: During Buffett’s six-decade tenure, he transformed Berkshire Hathaway from a struggling textile firm into a trillion conglomerate. A disciple of Benjamin Graham’s value investing philosophy , Buffett popularized the approach of buying undervalued companies for the long term—his annual letters are regarded as the bible of investing and have historically driven a 30% increase in capital inflows to sectors he highlights. His famous maxim, Be fearful when others are greedy, and greedy when others are fearful , has become a cornerstone of contrarian investing globally.

Conclusion:Buffett’s impending departure has sent ripples through markets—Berkshire’s Class A shares (BRK.A) have declined 11% since his initial retirement hints in May, underperforming the S&P 500 Index over the same period. Investment banks Keefe, Bruyette & Woods (KBW) recently downgraded the stock, citing concerns that the Buffett premium may fade. Yet the Oracle of Omaha leaves behind more than just a war chest of cash and a diversified business empire—he redefined investing with his discipline and wisdom.