Buffett wrote in a letter Monday that it “shouldn’t take long” for investors to get comfortable with Greg Abel, the Canadian-born executive who will take over as Berkshire Hathaway CEO at the end of the year. Buffett plans to keep a significant number of class A shares until investors gain confidence, but said he would trust Abel to manage his own savings and hopes Abel will have a long tenure. (The Logic)

Talking point: After Monday’s letter, Buffett plans on “going quiet” apart from annual Thanksgiving updates. That leaves Abel to fill big shoes for the many Berkshire investors who are disciples of Buffett’s personal philosophies. In one of his final letters as CEO, Buffett laid out how friends, doctors and teachers in his youth shaped his outlook and marvelled at his luck of being “healthy, reasonably intelligent, white, male and in America.” Buffett urged readers to focus on kindness instead of flaunting their power, writing that “the cleaning lady is as much a human being as the chairman.”