{"id":318375,"date":"2025-11-28T09:41:16","date_gmt":"2025-11-28T09:41:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/318375\/"},"modified":"2025-11-28T09:41:16","modified_gmt":"2025-11-28T09:41:16","slug":"read-warren-buffetts-annual-thanksgiving-letter-for-2025-his-final-one-to-shareholders","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/318375\/","title":{"rendered":"Read Warren Buffett&#8217;s annual Thanksgiving letter for 2025\u2014his final one to shareholders"},"content":{"rendered":"<p>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 <a aria-label=\"Go to https:\/\/fortune.com\/company\/oracle\/\" class=\"\" target=\"_blank\" href=\"https:\/\/fortune.com\/company\/oracle\/\" rel=\"nofollow noopener\">Oracle<\/a> of Omaha <a aria-label=\"Go to https:\/\/www.berkshirehathaway.com\/news\/nov1025.pdf\" class=\"\" href=\"https:\/\/www.berkshirehathaway.com\/news\/nov1025.pdf\" rel=\"nofollow noopener\" target=\"_blank\">released a letter<\/a> to <a aria-label=\"Go to https:\/\/fortune.com\/company\/berkshire-hathaway\/\" class=\"\" target=\"_blank\" href=\"https:\/\/fortune.com\/company\/berkshire-hathaway\/\" rel=\"nofollow noopener\">Berkshire Hathaway<\/a> 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 \u201cgoing quiet\u201d of its most celebrated figure.<\/p>\n<p>Buffett\u2019s letter, dated November 10, confirms that his longtime lieutenant, <a aria-label=\"Go to https:\/\/fortune.com\/2025\/01\/22\/greg-abel-berkshire-hathaway-warren-buffett-ceo-succession\/\" class=\"\" href=\"https:\/\/fortune.com\/2025\/01\/22\/greg-abel-berkshire-hathaway-warren-buffett-ceo-succession\/\" rel=\"nofollow noopener\" target=\"_blank\">Greg Abel<\/a>, will assume the role of CEO at year-end. But the most poignant shift is in Buffett\u2019s communication. For decades, his annual shareholder letters have been scripture for investors\u2014a mix of folksy wisdom, financial acuity, and candor. Now, he says, that tradition is over.<\/p>\n<p>\u201cI will no longer be writing Berkshire\u2019s annual report or talking endlessly at the annual meeting,\u201d Buffett wrote in the letter. \u201cAs the British would say, I\u2019m \u2018going quiet.\u2019 Sort of.\u201d<\/p>\n<p>This \u201csort of\u201d is classic Buffett misdirection. While he is stepping back from the grueling demands of running the $1 trillion conglomerate, he intends to keep a singular line of communication open. \u201cI will continue talking to you and my children about Berkshire via my annual Thanksgiving message,\u201d he assured shareholders. \u201cBerkshire\u2019s individual shareholders are a very special group who are unusually generous in sharing their gains with others less fortunate. I enjoy the chance to keep in touch with you.\u201d<\/p>\n<p>The letter was accompanied by a tangible act of that generosity. Buffett converted 1,800 Class A shares into 2.7 million Class B shares\u2014valued at approximately $1.35 billion\u2014donating them immediately to four family foundations: The Susan Thompson Buffett Foundation, The Sherwood Foundation, The Howard G. Buffett Foundation, and the NoVo Foundation. This continues his lifetime pledge to distribute 99% of his net worth to philanthropy.<\/p>\n<p>Buffett used the missive to heap praise on his successor, ensuring investors that the company remains in steady hands. \u201cGreg Abel will become the boss at yearend,\u201d Buffett wrote. \u201cHe is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure.\u201d<\/p>\n<p>But the letter was also deeply personal, reflecting on his 64-year friendship with the late Charlie Munger and the serendipity of his life in Nebraska. He asked readers to \u201cIndulge me this year as I first reminisce a bit,\u201d attributing much of his fortune to the \u201cmagic ingredient in Omaha\u2019s water\u201d and the sheer luck of being born in America.<\/p>\n<p>For the business community, the letter serves as a final navigational chart from a man who has steered capital through seven decades of market turbulence. His message remains consistent: bet on America, trust in compounding, and acknowledge your mistakes.<\/p>\n<p>\u201cYou will never be perfect, but you can always be better,\u201d he said.<\/p>\n<p>As Greg Abel prepares to take the helm, the silence from Omaha will be louder than usual this coming spring. There will be no sprawling annual manifesto to dissect, no marathon Q&amp;A sessions to parse for hidden meaning. Instead, we are left with this Thanksgiving dispatch\u2014a final, gentle reminder from the world\u2019s greatest investor that while money is important, the time we have to give it away is the only asset that truly depreciates.<\/p>\n<p>You can read Buffett\u2019s final letter to shareholders in full below.<\/p>\n<\/p>\n<p style=\"margin:12px auto 6px auto;font-family:Helvetica,Arial,Sans-serif;font-size:14px;line-height:normal;display:block\"><a aria-label=\"Go to https:\/\/www.scribd.com\/document\/946710322\/Warren-Buffett-s-Thanksgiving-Letter-2025#from_embed\" class=\"\" title=\"View Warren Buffett&#039;s Thanksgiving Letter 2025 on Scribd\" style=\"color:#098642;text-decoration:underline\" href=\"https:\/\/www.scribd.com\/document\/946710322\/Warren-Buffett-s-Thanksgiving-Letter-2025#from_embed\" rel=\"nofollow noopener\" target=\"_blank\"> Warren Buffett&#8217;s Thanksgiving Letter 2025 <\/a> by <a aria-label=\"Go to https:\/\/www.scribd.com\/user\/452990516\/FOX-Business#from_embed\" class=\"\" title=\"View FOX Business&#039;s profile on Scribd\" style=\"color:#098642;text-decoration:underline\" href=\"https:\/\/www.scribd.com\/user\/452990516\/FOX-Business#from_embed\" rel=\"nofollow noopener\" target=\"_blank\"> FOX Business <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Warren Buffett has officially signaled the end of an era. In a move that marks the closing chapter&hellip;\n","protected":false},"author":2,"featured_media":318376,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[728,28,160,1431,7051,724],"class_list":["post-318375","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-berkshire-hathaway","tag-business","tag-investors","tag-shareholders","tag-thanksgiving","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/318375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=318375"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/318375\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/318376"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=318375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=318375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=318375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}