New Delhi, Nov. 11 -- In his farewell letter to Berkshire Hathaway shareholders on 10 November, Warren Buffett announced that he will stop writing annual reports and speaking at meetings. He reflected on his life, sharing childhood experiences, his time in Omaha, and life after turning 90.

"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." Sort of," he said.

Warren Buffett will step down as the CEO of Berkshire Hathaway by the end of this year, with Greg Abel succeeding him. On 10 November, he converted 1,800 A shares into 2,700,000 B shares to distribute to four family foundations.

Specifically, he allocated 1,500,000 shares to The Susan Thomp...