巴菲特写的最后一封股东信公布！

Core Insights - Warren Buffett, at 95, is making arrangements for his succession as CEO of Berkshire Hathaway, transferring $149 billion of his estate to family foundations while retaining enough shares to support his successor, Greg Abel [3][4] - Buffett's Thanksgiving letter reveals his plan to donate over $1.3 billion in Berkshire shares to family foundations, including 1.5 million shares to the Susan Thompson Buffett Foundation [3][4] - Berkshire's third-quarter operating profit surged by 34% year-on-year, with a record cash holding of $381.7 billion, indicating a strong balance sheet and cautious investment strategy [4] Succession Planning - Greg Abel will take over as CEO in early 2024, while Buffett will remain as chairman and continue the tradition of the Thanksgiving letter but will not write the annual report or speak at the annual meeting [4][5] - Buffett expressed confidence in Abel's capabilities, stating he is well-suited to manage the company and its shareholder funds [18][19] Financial Performance - Berkshire Hathaway's robust performance is highlighted by a significant increase in operating profit and a record cash reserve, reflecting a prudent investment approach amid high market valuations [4][20] - The company has been net sellers of stocks for 12 consecutive quarters, showcasing Buffett's cautious stance in the current market environment [4] Personal Reflections - Buffett reflects on his life, expressing gratitude for his longevity and the influence of his hometown, Omaha, on his success [7][14] - He emphasizes the importance of kindness and good deeds over wealth and fame, advocating for a legacy of positive impact [22][24]