“That level of trust shouldn’t last long,” Buffett wrote in the letter, adding, “My children are already behind Greg 100%, as are the directors of Berkshire.”
Berkshire’s Class A shares have 10,000 times as many voting rights as the more commonly held Class B shares. Buffett currently owns approximately 30% of the company’s total voting shares, making him the largest individual shareholder.
His decision to step down, originally announced in May 2025, had raised concerns among both retail and institutional investors, many of whom have long admired his consistent, long-term investing approach.
Popularly referred to as the “Oracle of Omaha,” Buffett is known for avoiding speculative investments and focusing on long-term value, often communicating his investment rationale through clear and relatable commentary. While Buffett noted that he is generally in good spirits, he acknowledged signs of aging. “I am moving slowly and reading is becoming increasingly difficult,” he said in the letter. “I was late in growing old – the onset varies considerably – but once it appears, it is undeniable.” Although this year will mark the end of Buffett’s authorship of Berkshire Hathaway’s annual report, he confirmed that he will continue to share an annual Thanksgiving message with shareholders in the future.
Also read: Bajaj Finance shares fall 7% on rising concerns over NPAs. Should you buy the dip?
(Disclaimer: Recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times)
#Warren #Buffett #retains #major #stake #Berkshire #investors #gain #confidence #successor