Buffett says Greg Abel will make Berkshire Hathaway investing decisions when he's gone

Warren Buffett said Saturday his designated successor Greg Abel will have the final say on Berkshire Hathaway’s investing decisions when the Oracle of Omaha is no longer at the helm. “I would leave the capital allocation to Greg and he understands businesses extremely well,” Buffett told an arena full of shareholders at Berkshire’s annual meeting. “If you understand businesses, you’ll understand common stocks.” Watch the full coverage of Berkshire Hathaway annual shareholders meeting on: https://www.cnbc.com/.