95-year-old Warren Buffett already announced that he will be stepping down from Berkshire Hathaway at year end. In February, successor Greg Abel will pen a annual shareholder letter but the WSJ reports today that Buffett will publish two letters on November 10 — one to Berkshire Hathaway shareholders and one to his three children, presumably about his wealth.

Buffett will step down as CEO but will remain chairman.

Buffett is known for a willingness to pay up for quality but here is a chart showing that his big bets were at levels far below what major companies are trading at now. That helps to explain why Berkshire is holding so much cash.