"I think they'll be unanimously in favor of it, and that would mean that at year-end Greg would be the chief executive officer of Berkshire and I would still hang around."

Warren Buffett didn’t use the first quarter dip to go shopping. He unloaded more than he bought, slashing Berkshire Hathaway’s exposure to banks while keeping his cash untouched.

Legendary investor Warren Buffett is a tough act to follow. But the “Oracle of Omaha” said his successor Greg Abel is ready for the challenge.