Berkshire 2026 shareholder letter: We are very fortunate to have Buffett still serving as chairman and guiding our work. He is a benchmark that is extremely difficult to surpass.

Abel said that we are very fortunate to have Buffett still serving as the Chairman of Berkshire Hathaway, coming to the office five days a week and providing guidance on insurance underwriting, non-insurance business operations, and capital allocation including equity investments. Warren is still the owner of Berkshire. I am honored that the board has decided to appoint me as the CEO of Berkshire, and I humbly take over from Warren and write my first letter to shareholders. Buffett is clearly a benchmark that is extremely difficult to surpass.