Announcements reveal that Warren Buffett has stepped down as the chairman of Berkshire Hathaway, bringing to an end his long-term leadership of the company. As one of the world's most closely watched investors and corporate leaders, this personnel change has quickly become a focal point for market attention.

In charge for over 60 years

In his letter to shareholders, Buffett wrote that he has been serving Berkshire since 1965. According to the data in the text, since 1964, Berkshire's cumulative return has reached 6,642,000%, which is significantly higher than the performance of the S&P 500 index during the same period.

This set of long-term performance data once again highlights Berkshire's special position in the U.S. capital market. Buffett is known for value investing and prudent capital allocation over the long term, and his decisions regarding whether to stay or leave have always attracted the attention of investors around the world.

Letter of thanks to long-term shareholders

In the letter, Buffett mentioned that he recently celebrated his 96th birthday with his family, and there is also a great-grandchild in the family who has just turned one year old. He also stated that he still considers his job at Berkshire to be "the best job in the world."

He also thanked shareholders for looking at the company's performance over multiple years rather than on a quarterly basis, stating that this long-term holding culture has been an important characteristic of the company's ownership group since the early days of Berkshire.

Message Focus: Job Changes

From the information disclosed so far, this announcement mainly confirms the change in the position of the chairman and reiterates Berkshire's long-term business culture. The original text does not further elaborate on subsequent governance arrangements or details of the succession.