Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

REFR 1.620

+2.5%

3:59 PM EST

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To: Bill Wexler who wrote (6709)	2/14/2000 11:33:00 PM
From: Mark Marcellus	Read Replies (1) of 10293

I don't think Buffett made a "mistake" by avoiding technology stocks, although I do think it is a handicap for him. He doesn't feel comfortable in his understanding of tech companies, so he doesn't invest in them. IMO, that's the smart thing to do. Frankly, I think concerns about Buffett's tech phobia were much more valid when BRK.A was trading at around $80,000 and we hadn't had the recent huge runup in the tech sectors. Right now BRK's stock price is depressed, WEB is sitting on a huge pile of cash, and the rest of the market has decided that valuation is no longer important. I like those odds.

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