Warren Buffett on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.

The legendary investor, dubbed the Orace of Omaha for his money-spinning stock picks over the years, announced the move in his Thanksgiving message that he says will now become an annual tradition.

Buffett’s final letter issues warnings on CEO health and pay transparency, while wishing "an extended tenure" for successor Greg Abel.

Billionaire Warren Buffett warned shareholders Monday that many companies will fare better than his Berkshire Hathaway in the decades ahead as Father Time catches up with the 95-year-old icon, but he reassured them that he remains confident in his successor.

Warren Buffett shares his thoughts on his career and Berkshire’s future in a letter.

In a Thanksgiving letter that will become an annual tradition, Buffett said he needs to accelerate the disbursement of his Berkshire stock to his three children's foundations. He also intends to keep a significant amount of shares for a short window until shareholders gain confidence in incoming CEO Greg Abel.

Warren Buffett on Monday gave yet another strong endorsement to Greg Abel, who will take over as Berkshire Hathaway’s chief executive in January, and promised to maintain a significant stake in the company to reassure shareholders about the leadership transition.

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.