Warren Buffett, 95, plans to hand over Berkshire Hathaway’s top job to Greg Abel at year-end. Despite health challenges, Buffett will remain chairman and continue working five days a week. Berkshire owns almost 200 businesses and holds $283 billion in stocks and $381.7 billion in cash, making it an economic bellwether.

Berkshire’s Class A shares have gained 9.7% this year, trailing the S&P 500. Analysts attribute the recent pullback to the end of the “Buffett premium,” the extra price investors paid for faith in Buffett. Buffett plans to keep a significant amount of Berkshire shares and accelerate charitable giving through trusts managed by his children.

Buffett sets out expectations for Abel, emphasizing steady growth over time. He plans to continue penning his Thanksgiving message but will step back from the spotlight. Berkshire managers may grow wealthy, but Buffett stresses the importance of avoiding excessive wealth and focusing on the business’s success.

Read more at Yahoo Finance: Retiring Warren Buffett Pledges to Keep Betting on Berkshire Hathaway