No. of Recommendations: 15
Is this an example of “Buffett has lost it…”
I was fearing the worst when I started reading it, but it was actually well written and nuanced. His point was basically that the way tech works is by constantly expanding. That's not Buffett's style. He likes predictability, so he never really got on that train. I think most of us would agree with that.
He did hit one of my pet peeves: "if Buffett hadn't bought Apple the returns would have been much worse." Sure, but he did buy it. And his returns would have been worse if he hadn't bought a lot of other stuff too.
Also Todd and Ted buy tech stocks. The BRK culture isn't allergic to it.
