Warren Buffett has officially signaled the end of an era. In a move that marks the closing chapter of his historic tenure, the 95-year-old Oracle of Omaha released a letter to Berkshire Hathaway shareholders earlier this month that outlines his departure as CEO and the cessation of his legendary annual reports. While families across the country gather for turkey and gratitude today, the investment world is digesting a different kind of serving: the definitive “going quiet” of its most celebrated figure.
Buffett’s letter, dated November 10, confirms that his longtime lieutenant, Greg Abel, will assume the role of CEO at year-end. But the most poignant shift is in Buffett’s communication. For decades, his annual shareholder letters have been scripture for investors—a mix of folksy wisdom, financial acuity, and candor. Now, he says, that tradition is over.
“I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting,” Buffett wrote in the letter. “As the British would say, I’m ‘going quiet.’ Sort of.”…