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Buffet used to be very averse to investing in technology companies because of that very reason. He has evidently educated himself since he is very heavy into b
by sizzzzlerz 8y ago
Buffet used to be very averse to investing in technology companies because of that very reason. He has evidently educated himself since he is very heavy into both IBM and Apple, less so into Red Hat and Sirius. His investment into Oracle and subsequent dumping is very unique in the annals of BH since his other tenet has always been to buy something and then hold on to it. To sell such a large investment so quickly screams that he found something he was very uncomfortable with in Oracle.