At age 94, Warren Buffett announced his retirement as CEO and chairman of Berkshire Hathaway at the end of 2025, recommending Greg Abel as his successor. This decision, revealed at Berkshire Hathaway’s annual shareholder meeting, surprised many despite Abel’s long-standing designation as successor. Buffett plans to retain his shares, believing Berkshire’s prospects are brighter under Abel’s leadership. The transition marks the end of Buffett’s 60-year tenure leading the company, transforming it into a trillion-dollar conglomerate.
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Warren Buffett donated over $1.1 billion in Berkshire Hathaway stock to family foundations this Thanksgiving, continuing his tradition of philanthropy. He also detailed succession plans for distributing his remaining $147.4 billion fortune after his death, designating successors for his children to ensure continued charitable giving. This decision acknowledges the potential for his children to predecease him, while reaffirming his commitment to avoiding dynastic wealth. Buffett’s giving has favored the Gates Foundation, but will shift to his children’s foundations after his death. He encourages open communication about estate plans, highlighting the importance of family harmony after inheritance.
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Damn, the news about Putin having two secret sons with Alina Kabaeva is certainly shocking. The fact that these children have been living in isolation at presidential residences in Valdai and Sochi, with little interaction with peers, is truly concerning. They are growing up with a sense of entitlement, surrounded by special treatment and fear of their father. The details about Ivan and Vladimir Putin Jr. residing under cover identities, with private jets and tutors, only known to close relatives, is like something out of a spy novel. It’s baffling that these kids have been kept hidden from public knowledge for so long.… Continue reading
John Q. Hosedrinker