Pearls of wisdom: Buffett's annual letter to shareholders will be missed

Apart from being two very sharp thinkers, they had a wonderful sense of humour and an enviable ability to explain complicated concepts in simple language

Warren Buffett, the outgoing chief executive officer (CEO) and the single-largest shareholder of Berkshire Hathaway, has announced he will stop writing annual letters to shareholders and step back from public appearances. However, the “Oracle of Omaha” will continue to write an annual Thanksgiving letter. This marks the end of an era. The 95-year-old, who turned Berkshire from an obscure textile company into the world’s largest insurer and holding company, had announced a year ago that he was handing over the reins to Greg Abel. His letters to shareholders have been among the most eagerly awaited financial documents since he started