Warren Buffett, the investing godfather, is stepping back at Berkshire Hathaway and accelerating the transfer of his $150 billion fortune to charitable foundations. His candid nature and humor have drawn millions to his annual shareholder meetings in Omaha, making his retirement a must-read for investors and fans alike.

Buffett, 95, is setting an example by smoothly transitioning power to Greg Abel at Berkshire Hathaway. His decision to convert Class A shares to Class B shares reflects his goal of passing wealth to his children’s foundations. Despite stepping back, he plans to remain involved and continue sharing his wisdom.

Buffett’s advanced age and mortality prompted him to accelerate gifts to his kids’ foundations, not out of doubt in Abel or Berkshire Hathaway’s future. He reassured followers of Abel’s competence and emphasized the importance of long-tenured leadership for the company’s success, urging a focus on opportunity and risk rather than short-term gains.

The Oracle of Omaha’s decision to step back while ensuring a smooth transition at Berkshire Hathaway reflects his commitment to his philanthropic vision. Despite market fluctuations, Buffett’s support for Abel and his advice to investors to focus on the long term aim to maintain Berkshire Hathaway’s stability even after his departure.

Read more at Yahoo Finance: Warren Buffett sends moving 2-word message to Berkshire Hathaway investors