Bill Gates explains why he wouldn't want to be president, and why he would pick $40,000 off the street

"I like my current job at the Foundation better than I would being President. Also I wouldn't be good at doing what you need to do to get elected. I thought Michael Bloomberg was thoughtful about why it didn't make sense for him to try and run even though he is a great executive," Gates writes.

It sounds like he shares many in Silicon Valley's admiration for former New York City mayor Michael Bloomberg, who announced yesterday that he would abandon his tentative plans to enter the presidential race as an independent candidate. 

And Gates says that his friend and longtime mentor Warren Buffett is too busy to enter the race, too: "Warren also loves his current job too much to give it up!"

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