Warren Buffett says he'll keep penning letters, and speed up his giving but retain a big Berkshire stake until his successor wins over shareholders.

Warren Buffett, the 95-year-old chairman and CEO of Berkshire Hathaway, said that he will continue writing his Thanksgiving letter to his children and shareholders each year, though he will no longer be writing Berkshire's annual report once Greg Abel takes over as chief executive at yearend.

In a new letter to shareholders, Buffett reflected on his life and health, announcing $1.3 billion in new charitable gifts. These funds are destined for the four family foundations run by his children,

He understands many of our businesses and personnel far better than I now do,” the Berkshire CEO said in a letter.

Warren Buffett's Thanksgiving letter to Berkshire Hathaway shareholders outlined his plans to step back from his past duties when Greg Abel takes over as CEO.

Legendary investor Warren Buffett said he plans to continue sharing a Thanksgiving letter to shareholders after he steps down as Berkshire Hathaway CEO.

Warren Buffett, the 95-year-old chairman and CEO of Berkshire Hathaway, started his annual Thanksgiving letter by saying: "I'm 'going quiet.' Sort of." While he will continue writing his Thanksgiving message to his children and shareholders each year,

Buffett said in a statement he needed to “step up the pace of lifetime gifts” to his children’s three foundations in order to “improve the probability that they will dispose of what will essentially be my entire estate before alternate trustees replace them.