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> Buffett largely avoided tech because it didn't have a decades long track record. I heard it was because he never really understood the tech behind the compan
by Cyph0n 9y ago
> Buffett largely avoided tech because it didn't have a decades long track record.
I heard it was because he never really understood the tech behind the companies. He has also stated that he regrets not investing in Amazon early on.
- graeme 9y agoGood point, sloppy omission on my part. Though, I think part of the lack of understanding was that they didn’t understand how to forecast cashflows for tech companies either. Buffett did invest in many (physical product) companies whose technology he didn’t understand - he understood their balance sheets.