Warren Buffett on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and promising to remain a major shareholder.

Warren Buffett bids farewell as Berkshire CEO, donating $1.3bn and reflecting on legacy, leadership, and lessons from six decades of investing.

As Buffett prepares to hand over Berkshire’s reins, he’s fast-tracking his mission to give away nearly all of his $147 billion fortune.

In a Thanksgiving letter that will become an annual tradition, Buffett said he needs to accelerate the disbursement of his Berkshire stock to his three children's foundations. He also intends to keep a significant amount of shares for a short window until shareholders gain confidence in incoming CEO Greg Abel.