巴菲特发布最后一封致股东信：我“纯属运气好”

Core Insights - Warren Buffett announces his retirement as CEO of Berkshire Hathaway by the end of the year, marking a significant transition for the company after his 60-year leadership [1][3] - The upcoming annual letter to shareholders will be written by someone else, although Buffett will continue to communicate with shareholders through his annual Thanksgiving letter regarding his charitable endeavors [1][9] - Since Buffett's initial announcement of his retirement plan in May, Berkshire's Class A shares have declined approximately 8% [1] Group 1: Succession and Leadership Philosophy - Buffett emphasizes the importance of avoiding greed in corporate leadership, particularly criticizing the excessive comparison of executive compensation among CEOs [2][3] - He warns against hiring CEOs who seek to retire at 65, desire to become "look-at-me-rich," or aim to establish a dynasty [3][46] - The company is expected to maintain a long-term investment philosophy, contrasting sharply with the rise of speculative assets like cryptocurrencies [4][5] Group 2: Charitable Contributions - Buffett has donated 2.7 million shares of Berkshire Class B stock, valued at approximately $1.3 billion, to family foundations managed by his children [9][10] - This donation aligns with his long-standing commitment to philanthropy, having pledged to donate all his Berkshire stock for charitable purposes since 2006 [10] Group 3: Company Outlook and Governance - Buffett expresses confidence in his successor, Greg Abel, highlighting his superior understanding of the company's operations and potential risks [43][45] - The company is expected to continue prioritizing shareholder interests, with a management style that avoids activities that could undermine its status as a valuable asset [49] - Buffett notes that while Berkshire's stock may experience volatility, the company is well-positioned for recovery and long-term success [50]