Read Buffet's final letter to shareholders as chair

Warren Buffett has announced his retirement as the executive chairman of Berkshire Hathaway. His son, Howard Buffett, was elected to replace him. Buffett, who is 96 years old, shared his final message to shareholders in a farewell note. He expressed gratitude towards his shareholders, noting that Berkshire has attracted many owners who think long-term.

Buffett celebrated his 96th birthday with family and friends, including a great-grandchild who was just a day old. He emphasized that he has enjoyed his 60+ years at Berkshire and has never felt better about the future. Buffett praised Greg, his son-in-law, for his exceptional performance as Chief Executive Officer and for his commitment to preserving the company's culture and values.

He appointed Howard as the new Chairman, with Buffett becoming Chairman Emeritus and a Director. Buffett expressed confidence in the company's leadership and its dedication to shareholder interests.