Warren Buffett: I would support Bloomberg for president

In an interview with CNBC's Becky Quick, Berkshire Hathaway's Chairman and CEO Warren Buffett says he would support Michael Bloomberg for president. Buffett says he thinks Bloomberg would be a good president because he knows how to run things and he understand people and the markets. Buffett also addresses where he falls on the political ideological spectrum and how his views have changed over the years.