Why Warren Buffett Says He's Not Selling His Berkshire Stake Just Yet

Core Insights - Warren Buffett addressed investor concerns regarding his upcoming retirement in a letter to shareholders, emphasizing his intention to retain a significant number of Berkshire's Class A shares until investors feel comfortable with incoming CEO Greg Abel [2][3][8] - Buffett's transition plan includes accelerating lifetime gifts to his children's foundations, reflecting his commitment to philanthropy while ensuring his fortune is managed effectively before alternate trustees take over [5][7] Company Performance - Since the announcement of Buffett's retirement, Berkshire shares have declined by 7%, contrasting with a 20% increase in the S&P 500, indicating a potential "Buffett premium" effect on the stock's performance [6] Leadership Transition - Greg Abel is set to succeed Buffett as CEO at the end of this year, with Buffett expressing strong confidence in Abel's capabilities to manage the company and handle investor savings [5][7][8]