Posted on 04/30/2022 9:52:33 PM PDT by SeekAndFind
The Buffett/Graham model still works because it minimizes the risk of investing in an emerging technology company that goes out of business. As Buffett himself once said: "If I'm not comfortable holding a stock for ten years, I don't want to own it for ten minutes." There's a lot of wisdom to that.
One of the smartest investors I know was an ardent believer in the future of e-commerce as far back as the late 1990s. And yet he never had any dot-com stocks in his private equity fund. I once asked him why this was the case, and his answer was a great one. He said: "I don't know which of these companies is going to thrive and which are going to be out of business in five years. So I invest in the companies that will do well in a growing e-commerce world regardless of what happens with the individual players."
His top picks for his "e-commerce portfolio" were FedEx and UPS.
True. Berkshire Hathaway shouldn't even be considered a publicly traded company. It functions more like a mutual fund. It's considered a "consumer products" company in terms of its industry sector, but its largest holdings include companies in banking/finance, energy, telecommunications, and transportation (it owns the Burlington Norther Santa Fe Railroad in its entirety).
Understood. But what exactly is Facebook (for example) doing with its capital -- writing more software code?
Buffett kills millions of children by funding abortion. He buys politicians and destroys at least 70,000 jobs in the US and Canada so his train can carry oil instead of a safe pipeline.
As an aside, I am not a fan of FB.
Very true...which is why I buy ETFs of the tech sector. Take QQQ for example.
Have done this for many years.
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