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Interesting move from the Oracle of Omaha. Buffett's ramping up his wealth distribution strategy, channeling more of his fortune directly to his kids' charitable foundations. Meanwhile, he's backing Greg Abel as his successor to carry the torch forward.
This shift signals a more direct approach to legacy management. Instead of the usual gradual transition, he's actively positioning both his philanthropic vision and business continuity. Abel getting the public endorsement while the family foundations gain more capital—classic Buffett planning decades ahead.
For those tracking how old money handles generational wealth transfer, this is a textbook case. No drama, just calculated moves that'll shape Berkshire's direction long after he's gone.