巴菲特“最后一封信”全文：我“纯属运气好”，但“时间老人”追上来了，我将“保持安静”

Core Points - Warren Buffett announces his retirement as CEO of Berkshire Hathaway, marking the end of a 60-year career and a significant transition for the company [1][5] - Buffett emphasizes the importance of long-term value investing and criticizes the greed prevalent in corporate America, particularly regarding executive compensation [2][3] - Buffett has made substantial charitable donations, including a recent gift of 2.7 million shares of Berkshire B stock valued at approximately $1.3 billion [3][4] Group 1: Transition of Leadership - Buffett will step down as CEO by the end of the year, with Greg Abel set to take over [1][6] - The announcement has impacted market sentiment, with Berkshire's A shares dropping about 8% since the initial retirement announcement in May [1] - Buffett will continue to hold a significant portion of Berkshire A shares to ensure a smooth transition for his successor [1] Group 2: Corporate Philosophy - Buffett warns against the competitive nature of executive compensation, stating that it leads to jealousy and greed among CEOs [2][25] - He advocates for a management style that prioritizes long-term value over short-term gains, contrasting with the rise of speculative assets like cryptocurrencies [3][26] - Buffett's approach has transformed Berkshire from a struggling textile company into a diversified conglomerate with interests in various sectors [3][26] Group 3: Charitable Contributions - Buffett has committed to donating all his Berkshire stock to charity, continuing his philanthropic efforts through family foundations [4][24] - His recent donation of 2.7 million shares aligns with his long-standing commitment to charitable giving [3][4] - Buffett's charitable philosophy emphasizes the importance of responsible wealth distribution and the need for future generations to continue these efforts [24][23]