Warren Buffett

, who has for decades inspired investors around the globe, announced on Monday that he would no longer write his annual report or speak at the company’s annual meeting.

“I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting,” Buffett wrote in a

letter to shareholders

Monday. “As the British would say, I’m ‘going quiet.’

“Sort of.”

Buffett, 95, announced at

Berkshire Hathaway Inc.

‘s annual meeting in May that he was recommending

vice chair Greg Abel

as his successor and two days later the board approved the move. Abel, a Canadian, takes the Berkshire helm as chief executive officer on Jan. 1, 2026.

“Greg Abel will become the boss at yearend. He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure,” Buffett said Monday.

Buffett said he would continue his annual Thanksgiving message to shareholders and in the letter talks about his plans for distributing his Berkshire shares and offers “a few business and personal observations.”

Read his letter below

or here 

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