https://blog.baifan.site/en/tags/value-investing/Recent content in Value Investing on ByF (BaiFan) · Daily Deep ThinkHugo -- gohugo.ioenblog@baifan.site (ByF (BaiFan))blog@baifan.site (ByF (BaiFan))CC BY-NC 4.0Fri, 31 Oct 2025 20:00:00 +0800https://blog.baifan.site/en/berkshire-hathaway-shareholder-letter-2025/Fri, 31 Oct 2025 20:00:00 +0800blog@baifan.site (ByF (BaiFan))https://blog.baifan.site/en/berkshire-hathaway-shareholder-letter-2025/<figure> <img class="my-0 rounded-md" loading="lazy" decoding="async" fetchpriority="auto" alt="Berkshire shareholder letter cover" width="1622" height="1024" src="https://blog.baifan.site/pictures/note/berkshire-shareholder-letter-featured_hu_c60e268d8dc98d37.jpg" srcset="https://blog.baifan.site/pictures/note/berkshire-shareholder-letter-featured_hu_c60e268d8dc98d37.jpg 800w,/pictures/note/berkshire-shareholder-letter-featured_hu_bffbb18ff565a1ed.jpg 1280w" sizes="(min-width: 768px) 50vw, 65vw" data-zoom-src="https://blog.baifan.site/pictures/note/berkshire-shareholder-letter-featured.jpg" /> <figcaption>Selected cover of the Berkshire shareholder letter</figcaption> </figure> <p>To My Fellow Shareholders:</p> <p>I will no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, I’m “going quiet.”</p> <p>Sort of.</p> <p>Greg Abel will become the boss at yearend. He is a great manager, a tireless worker and an honest communicator. Wish him an extended tenure.</p>