Warren Buffett: Investor or Trader?

Earlier this week we learned that Warren Buffett's Berkshire Hathaway (BRK-A) recently backed out of credit-default swaps (CDS) in the municipal bond market. Berkshire terminated $8.25 billion in swaps that were not set to expire for another five years, according to government filings. The Wall Street Journal says Berkshire's move "raises a red flag," possibly signalling that the Oracle of Omaha is turning bearish on municipalities. read more>>>>>

Warren Buffett: Euro Situation Not Sustainable

Warren Buffett says that although the ECB solved banks' funding problems, equity remains an issue. "I don't know if the euro will be here in 5 years," he tells CNBC's Becky Quick. David Rolfe, Wedgewood Partners CIO, also offers perspective."he put in a trillion euros and a trillion euros, call that a trillion, 300 billion or something. so he's entitled to rest. he's worked for six days. he can rest on the seventh. but it solved the funding problems for the banks. and that problem was serious when he did the first time. they were really worried about funding. it doesn't solve the problems of whether the banks have enough equity, doesn't solve all kind of other problems. it did solve the funding problems. and that was a problem that needed to be solved. but there's still a lot more that needs to be solved" Buffett said about Draghi plan to save the Eurozone