Warren Buffett is handing the big question-and-answer session at Berkshire Hathaway's annual meeting over to his successor as CEO, Greg Abel. Devotees of the legendary investor had relished the yearly chance to hear Buffett weigh in on everything from Berkshire's business to the broader economy to life in general.

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.