Recent turbulence in the stock market might make some novice investors nauseous, but veterans like Warren Buffett remain unfazed. During his recent meeting with Berkshire Hathaway shareholders, the 94-year-old Oracle of Omaha downplayed the market’s volatility.

Berkshire’s $259 billion 36-stock portfolio added one new stock. Warren Buffett was a net seller of stocks for the tenth straight quarter, but added to some recent buys.

Despite hand-picking his successor in 2021, many had suspected Warren Buffett, 94, would continue running the conglomerate for the rest of his life.

Would investors be better off with an investment in Berkshire Hathaway today or in the Vanguard Financials Index ETF (NYSEMKT: VFH)? What does the Vanguard Financials Index ETF do? Tackling the easier-to-explain investment first,

Warren Buffett’s Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter, liquidating its position in Citigroup Inc. and trimming positions in Bank of America Corp. and Capital One Financial Corp., according to a regulatory filing on Thursday.

Warren Buffett’s Berkshire Hathaway said Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while shedding investments in Citigroup and other financial services companies. Berkshire disclosed the trades in a regulatory filing detailing its US-listed stock holdings as of March 31.

For Buffett, there's an extra layer of complexity because earnings get plowed back into Berkshire Hathaway ( BRK.A -1.59%) ( BRK.B -1.68%) and provide money for other parts of the business, increasing the total value of the company.

CNBC's Becky Quick reports on the latest news.