Buffett Says Goodbye to His Annual Shareholder Letters

Warren Buffett said he will stop writing Berkshire Hathaway's annual shareholder letter once Greg Abel takes over as CEO at the end of the year. In his latest letter, Buffett said he will be "going quiet" and handing the role fully to Abel, whom he described as "a great manager, a tireless worker and an honest communicator."

Buffett said he still plans to share an annual Thanksgiving message to stay in touch with Berkshire shareholders, calling them "a very special group."