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Read Warren Buffett's Thanksgiving shareholder letter — his last one as Berkshire Hathaway CEO

1. Buffett plans to become less involved in Berkshire Hathaway operations. 2. He converted 1,800 Class A shares into 2.7 million Class B shares. 3. Buffett accelerates his giving plan through children's charitable foundations. 4. Greg Abel will succeed Buffett as CEO at year-end. 5. Berkshire has better-than-average prospects but may lag behind smaller competitors.

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FAQ

Why Neutral?

Buffett's reduced involvement might cause temporary uncertainty among investors. Historically, changes in leadership lead to varied market reactions, as seen when Buffett took charge.

How important is it?

Buffett's departure and share conversion indicate strategic future planning, influencing investor sentiment and potential volatility.

Why Long Term?

Greg Abel's leadership may shape Berkshire's long-term strategy. Similar leadership transitions in other companies typically take time to manifest noticeable impacts.

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