Warren Buffett: I would support Mike Bloomberg for president if he were to run in 2020

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Warren Buffett said Monday that he would support Michael Bloomberg as a presidential candidate, adding it would be a 'real mistake' for Howard Schultz to run as an independent.

Berkshire Hathaway Chairman and CEO Warren Buffett told CNBC on Monday that he would support fellow billionaire and former three-term New York Mayor Mike Bloomberg for president.

In a recent email to CNBC, top Bloomberg advisor Howard Wolfson hinted at how much his boss would look to invest into his own potential campaign. In Monday's interview, Buffett said he agrees with Bloomberg that a Schultz third-party would take votes away from any Democrat.

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