Emmet

So the board confirmed Abel unanimously on December 8, and Buffett officially stepped down as the CEO on the last day of last year.

And he, of course, remains a director and the largest shareholder and holds a non-executive role around the company.

But his son, whose name is Howard Buffett, he's a kind of farmer.

He's a philanthropist.

He doesn't look...

metaphorically like his dad, but he is taking the role of non-exec chairman, a position that exists primarily to protect Berkshire's culture from future activists or successor who might be tempted to dismantle it.

Now, usually that non-exec chairman role would be to protect the financial interest, but this is quite interesting that it's more about cultural protection.

In November, then, Buffett published his last full annual letter calling himself lucky to be alive, as you do when you're that vintage.

I think anyone who gets that.

It totally reminds me of my late dad who turned to me about two years ago and said, hey, how old am I?

I said, Dad, you're 86.

And he went, oh, no.

And it was that realization that you're at an age where every moment is a bonus.

So like bringing it to Warren Buffett, it was no surprise that he said, I'm lucky to be alive because he is.

And he thanks shareholders in his letter.

And it was a nice read.

They're always a lovely read.

His letters, they're an outpouring of intelligence, insight, balance, maturity.

Like you could do well to buy and read nothing other than the collected letters of Warren Buffett from over the years.

If the only thing you ever read about stock market, it's like 10 MBAs crushed into just a small volume.