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Warren Buffett to step up giving away fortune to his children's foundations, while supporting successor Abel

1. Buffett plans to accelerate stock disbursement to children's foundations. 2. Greg Abel set to replace Buffett as CEO in the new year. 3. Berkshire Hathaway holds $381.6 billion in cash, showcasing strong balance sheet. 4. Buffett reassures shareholders about company's prospects amid transition. 5. Berkshire's stock has risen 10% but lags behind S&P 500.

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FAQ

Why Bullish?

Buffett's continued commitment despite giving away stock reassures investors about Berkshire's future. High cash reserves and operational success indicate strong fundamentals.

How important is it?

The transition of leadership and Buffett's reassurances could significantly affect investor sentiment and stock stability. The emphasis on the stability and future of Berkshire is pivotal.

Why Long Term?

The transition to Abel will take time for market acceptance but shows continuity in leadership. Long-term trends in profitability and company strategy remain solid.

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