Why is Buffett so often misrepresented on his famous "financial weapons of mass destruction" comments?

Here is THE book recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom.

It looks like Warren Buffett took advantage of the latest market turmoil to add another 10,300 shares of Burlington Northern Santa Fe Corp at $75.51.

Swiss Re shares surged in on Wednesday morning after the world’s largest reinsurance group said Warren Buffett’s Berkshire Hathaway group had taken a 3 per cent stake as part of a broader business deal.

This article links to the video interview with First Eagle Global's Jean-Marie Eveillard on Wealthtrack. It also takes a look at his long term performance, examines his current positions and what they suggest about his near-term market outlook.