“股神”巴菲特谢幕信：已捐13亿美元股票，不再写年度股东信；将加速转移其遗产

Core Insights - Warren Buffett, at 95 years old, is making arrangements for his succession as CEO of Berkshire Hathaway, planning to transfer his $149 billion estate to family foundations while retaining enough Class A shares to support successor Greg Abel's credibility with shareholders [1][3] - Buffett announced a donation of over $1.3 billion in Berkshire shares to four family foundations, converting 1,800 Class A shares into 2.7 million Class B shares, with significant allocations to the Susan Thompson Buffett Foundation and his children's foundations [1][3] - Abel, aged 63, will take over as CEO in early next year, while Buffett will remain as chairman and continue the tradition of Thanksgiving letters to shareholders, although he will not write the annual report or speak at the annual meeting [3] Financial Performance - Berkshire's core business remains strong, with a 34% year-over-year increase in operating profit for the third quarter, and the company holds a record $381.7 billion in cash as of September 30, reflecting its robust balance sheet and cautious investment strategy [3] - The company has net sold stocks for 12 consecutive quarters, indicating Buffett's cautious approach in a high-valuation market [3] Business Outlook - Buffett acknowledges that Berkshire's large scale presents both advantages and limitations, suggesting that while the company's business outlook is slightly better than average, many companies may outperform Berkshire in the next one to two decades due to its size [4]