Archive · 11 Nov 2025
Buffett to 'Go Quiet' as CEO, Fully Endorses Successor Abel
Warren Buffett, who is 95, is writing his last big letter as the boss of his company, Berkshire Hathaway.
He's retiring as CEO at the end of the year.
He said he'll stop writing the yearly letters and will mostly be quiet about company news.
He also wants to give away the rest of his company stock to charity faster, recently donating about $1.35 billion to his family's charities.
He strongly believes his successor, Greg Abel, is the best person to lead the company and will stay on as chairman.
Even though the company is very big now and its stock has dipped a bit recently, Buffett believes in Berkshire's future.
He still goes to the office every day and feels pretty good, even though he moves slowly.
Warren Buffett, 95, will step down as CEO of Berkshire Hathaway at year-end and 'go quiet' from annual shareholder letters.
He has fully endorsed his successor, Greg Abel, calling him a great manager and assuring shareholders of his capabilities.
Buffett plans to remain a significant shareholder and continue as Chairman, working five days a week.
Recent stock performance has lagged, with investors attributing the decline to the 'Buffett premium' eroding as he steps back.
Buffett announced plans to accelerate charitable donations, recently giving over $1.3 billion in stock to family foundations.
- Who
- Warren Buffett, Greg Abel, Berkshire Hathaway shareholders
- What
- Warren Buffett announced he is stepping down as CEO of Berkshire Hathaway at year-end, will 'go quiet' from communicating with shareholders via annual letters, and fully endorsed his successor Greg Abel, promising to remain a major shareholder.
- When
- The announcement was made in a letter published on November 11, 2025, with the CEO transition set for the end of the year.
- Where
- Berkshire Hathaway, Omaha, Nebraska-based conglomerate
- Why
- To transition leadership to Greg Abel and accelerate charitable donations, while assuring shareholders of the company's continued prospects.
Buffett's Confidence in Abel and Berkshire's Future
Investor Concerns Regarding Leadership Transition and Stock Performance
Leadership Endorsement vs. Stock Performance
Buffett's Confidence in Abel and Berkshire's Future
Buffett expresses full confidence in Greg Abel, calling him a great manager and honest communicator, and urges shareholders to remain invested, assuring them that Berkshire's prospects are good despite its size.
Investor Concerns Regarding Leadership Transition and Stock Performance
Berkshire Hathaway's stock price has declined since Buffett announced his departure, with investors attributing this to the erosion of the 'Buffett premium' and a lack of immediate investor confidence in Abel.
Buffett's Role and Communication
Buffett's Confidence in Abel and Berkshire's Future
Buffett states he will 'go quiet' from writing annual letters and stepping down as CEO but will remain chairman, continue working five days a week, and communicate around Thanksgiving.
Investor Concerns Regarding Leadership Transition and Stock Performance
While Buffett plans to remain a significant shareholder and active in his chairman role, the shift in communication to Abel signifies a major change that could leave some investors uncertain in the interim.
- Warren Buffett's Age
- 95
- Company
- Berkshire Hathaway
- Buffett's Role After Stepping Down
- Chairman, will 'go quiet' from annual letters, remain at office 5 days/week
- Successor CEO
- Greg Abel
- Date of CEO Transition
- End of year
- Buffett's Wealth (approx.)
- $148.2 billion
- Philanthropic Donations (recent)
- Over $1.3 billion of Berkshire stock to family foundations
- Berkshire Market Cap
- $1.07 trillion
Sources
Warren Buffett to release farewell letter today as he transitions- What to expect?
‘Grateful and surprised by my luck’: What Warren Buffett said in his farewell letter – Key highlights
'I’m going quiet': Warren Buffett ends iconic run of annual letters after six decades
Buffett ‘going quiet’ but backs CEO-designate Abel, plans to keep Berkshire shares
Going quiet, stepping up philanthropy: Warren Buffett in farewell letter