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"I don't find it wise for anyone, Buffett or otherwise, to expound on things they don't know anything about." He's talking about investment vehicles. I would s
by s73v3r_ 9y ago
"I don't find it wise for anyone, Buffett or otherwise, to expound on things they don't know anything about."
He's talking about investment vehicles. I would say he knows more about those than most of us here on this board.
- hapnin 9y agoEveryone that listened to him 20 years ago missed Amazon, Google, etc.
- s73v3r_ 9y agoYes, they had a couple of misses. But I'd say his hits have more than made up for it.
- tim333 9y agoNot really. He said he wasn't buying tech because he didn't understand it, not that others shouldn't buy. Indeed here's a quote from the 1998 letter > Despite the pathetic technical skills of your Chairman, I'm delighted to report that GEICO, Borsheim's, See's, and The Buffalo News are now doing substantial business via the Internet.