00:00Warren Buffett announced he will speed up giving away his $149 billion estate to his children's foundations while ensuring shareholders gain confidence in upcoming CEO Greg Abel.
00:11Buffett converted 1,800 A-class shares into 2.7 million B-shares, donating over $1.3 billion to four family foundations.
00:22He reaffirmed Berkshire Hathaway's resilience, noting its record cash reserves and strong operating profits despite the company's enormous size.
00:30Buffett also offered a personal update on his health, describing himself as feeling generally good and still active at work while transitioning shareholder letter duties to Greg Abel.
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