In a turbulent Monday morning due the killing of terrorist leader Osama bin Laden, CNBC conducted a live interview with famed American investor Warren Buffett.

The interview follows the Berkshire Hathaway shareholders meeting over the weekend. The Oracle from Omaha offered his insight on a variety of topics.

Here are some quotes from Buffett:

Capitalism works and you're seeing it work.

The real answer to oil prices is to use less oil.

I have a lot admiration for (Ben) Bernanke.

Residential construction is one area where recovery has been weak.

Buffett said he felt good about the death of bin Laden, but said that the threat of terrorism has not been eliminated with bin Laden's death.

A major topic at the shareholders meeting was David Sokol, who bought shares in Lubrizol, a chemicals company that he then recommended Berkshire buy. Buffett repeated that he thought Sokol's trading in Lubrizol shares were wrong  and a mistake.

Sokol had been considered a leading candidate to eventually replace Buffett as chief executive and resigned at the end of March and said he did nothing wrong.