In a live interview with CNBC, Berkshire Hathaway CEO and founder Warren Buffet praised Apple's Steve Jobs.

Admitting he didn't know that much about the company, Buffett equated Jobs to Steven Spielberg, and his effect on his company. He said the talents of Jobs is a main reason for the company's success over the past 15 years.

Other quotes and comments from Buffett included:

I don't think we need more stimulus right now.

The  government really did its job in fall 2008.

Gold is a way of going along on fear.

I'm still confident about Wells Fargo financials.

I'd rather have all the farmland in the U.S. than all the world's gold.

Stocks are not as cheap as they were, but they still look attractive.

It's easier for us to buy private business than public.

All our spending increase this year will take place in U.S.

Over the past year, I've come to appreciate competitiveness of the rail industry.