Jakub Rochlitz
๐Ÿ“œ ๐—ช๐—ฎ๐—ฟ๐—ฟ๐—ฒ๐—ป ๐—•๐˜‚๐—ณ๐—ณ๐—ฒ๐˜๐˜ ๐—ฆ๐˜๐—ฒ๐—ฝ๐˜€ ๐——๐—ผ๐˜„๐—ป: ๐—ง๐—ต๐—ฒ ๐—˜๐—ป๐—ฑ ๐—ผ๐—ณ ๐—ฎ๐—ป ๐—˜๐—ฟ๐—ฎ ๐—ฎ๐˜ $BRK.B (Berkshire Hathaway Inc) Itโ€™s official. Warren Buffett will retire as CEO of Berkshire Hathaway at the end of 2025, closing nearly six decades at the helm of one of the biggest companies in the world. โ€œRuling from the grave does not have a great record, and I have never had an urge to do so.โ€ - he said. The 95-year-old announced that Greg Abel, Berkshireโ€™s Vice Chairman and Buffettโ€™s trusted lieutenant, will take over as CEO. But we already knew that. About future CEOs, Buffett said: โ€œBerkshire should particularly avoid those whose goal is to retire at 65, to become lookat-me rich or to initiate a dynasty.โ€œ Fair enough. Buffett wrote a really heartwarming farewell letter. He said that he will โ€œgo quiet,โ€ ending his annual shareholder letters and stepping back from the legendary Omaha meetings that drew tens of thousands of investors each year. Unfortunately, I missed my chance to go last year, even though I knew it was probably the last. I am told it is quite the experience! Let me know in the comments if you atteded ๐Ÿ™‚ I know @Nezatron did :) Still, he will retain a substantial portion of his $BRK.A shares, gradually increasing donations to family foundations, and remain a guiding presence until investors gain full confidence in Abelโ€™s leadership. That way, the company and its investors will likely not experience any negative shock. We now hold the shares as a stabilizing part of the portfolio thanks to Berkshire's massively diversified business. He closed with timeless advice: โ€œ๐—ž๐—ถ๐—ป๐—ฑ๐—ป๐—ฒ๐˜€๐˜€ ๐—ถ๐˜€ ๐—ฐ๐—ผ๐˜€๐˜๐—น๐—ฒ๐˜€๐˜€ ๐—ฏ๐˜‚๐˜ ๐—ฎ๐—น๐˜€๐—ผ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐—น๐—ฒ๐˜€๐˜€. ๐—–๐—ต๐—ผ๐—ผ๐˜€๐—ฒ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ต๐—ฒ๐—ฟ๐—ผ๐—ฒ๐˜€ ๐—ฐ๐—ฎ๐—ฟ๐—ฒ๐—ณ๐˜‚๐—น๐—น๐˜† โ€” ๐—ฎ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ๐—ป ๐—ฒ๐—บ๐˜‚๐—น๐—ฎ๐˜๐—ฒ ๐˜๐—ต๐—ฒ๐—บ.โ€ ๐Ÿ‘‰ You can read the letter here: www.berkshirehathaway.com/news/nov1025.pdf
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