作者简介： CFA，金融MBA，多年基金从业经历。2007-2017年就职兴全基金，任趋势基金经 理。2017-2024年就职浦银安盛基金，任价值投资部总经理。2024-2025年，就职国联安基金价 值投资负责人。 美国时间11月10日，95岁的传奇投资者巴菲特发布感恩节致股东信，这是他最后一封致股东信， 从严格意义上来说，这更像是这位有史以来最伟大投资者的谢幕辞。大家很好奇，大师在信中会 揭示些什么不同寻常的秘密呢？毕竟，这是最后的机会了。 我一边看着这封不同寻常的信，一边听着巴菲特最心爱的歌曲《My Way》，感觉歌词很好地诠 释了他当下的心态。 And now,the end is near;And so I face the final curtain 此刻，终点即将来临。我也将面临人生谢幕 My friend,I'll say it clear,I'll state my case,of which I'm certain 朋友，我将知无不言，向你讲述那些我所确信的经历 巴菲特在信中表达"I'm'going quiet'"，这意味着他将安静谢幕—明年起不再负责运作伯克希尔， 不在年度致股东信上面长篇 ...

Core Viewpoint - The article discusses Warren Buffett's final letter to shareholders, marking the end of an era for Berkshire Hathaway, and highlights his reflections on life, legacy, and the future of the company under new leadership. Group 1: Transition of Leadership - Greg Abel will take over as the CEO at the end of the year, described as a great manager and honest communicator [4] - Buffett will continue to communicate with shareholders through his annual Thanksgiving message [5][6] Group 2: Personal Reflections - Buffett expresses gratitude for his life at 95, reflecting on his early health challenges and the support he received from his family doctor [7][8] - He shares anecdotes from his childhood in Omaha, emphasizing the friendships and influences that shaped his life [14][15][16] Group 3: Legacy and Philanthropy - Buffett plans to accelerate lifetime gifts to his children's foundations to ensure they manage his estate effectively before alternate trustees take over [53][54] - He emphasizes the importance of his children's maturity and experience in handling wealth and philanthropy [57][68] Group 4: Berkshire's Future - Berkshire's businesses are expected to have moderately better-than-average prospects, with some significant opportunities [74] - The company is noted for having a management team that is shareholder-conscious and aims to operate in a way that benefits the United States [78][80]