Warren Buffett will no longer write annual letter, speak at Berkshire Hathaway shareholder meeting

Warren Buffett is “going quiet.”

In a letter to Berkshire Hathaway (BRK-B, BRK-A) shareholders published on Monday, the outgoing CEO announced that he would no longer write an annual letter or speak at the company’s annual meeting.

Buffett’s letter to Berkshire shareholders, published in February, was his 60th edition.

At Berkshire’s annual meeting in May, Buffett ended the meeting by announcing his recommendation that the company’s board support vice chair Greg Abel as his successor; the board voted two days later in line with Buffett’s recommendation, and Abel is set to take the reins as CEO on Jan. 1, 2026.

“I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting,” Buffett wrote on Monday. “As the British would say, I’m ‘going quiet.'”

Buffett, who turned 95, said Monday he is now the longest-lived member of the Buffett family.

Buffett added that he will continue to publish an annual Thanksgiving message and that he plans to keep in touch with some individual Berkshire shareholders.

In his letter on Monday, Buffett also announced that he would be accelerating the pace at which he gifts his Berkshire Hathaway shares to his family’s four foundations, including the Susan Thompson Buffett Foundation and those run by each of his three children.

“The acceleration of my lifetime gifts to my children’s foundations in no way reflects any change in my views about Berkshire’s prospects,” Buffett wrote. “Greg Abel has more than met the high expectations I had for him when I first thought he should be Berkshire’s next CEO.”

Since Buffett announced in May that he would step down at the end of the year, Berkshire stock has dropped about 5%; the S&P 500 is up over 20% during the same period.

Concluding his letter on Monday, Buffett encouraged investors to, “Get the right heroes and copy them.”

As he has in recent years, Buffett also praised the American capitalist system, telling investors, “Remember to thank America for maximizing your opportunities. But it is — inevitably — capricious and sometimes venal in distributing its rewards.”

“Choose your heroes very carefully and then emulate them,” Buffett wrote.

“You will never be perfect, but you can always be better.”

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