jhg, I for one am willing to listent to tech stock ideas as potential Buffett plays. I think I caught heck from this thread for suggesting Apple had Buffett-like qualities and that I had just taken a position. Oracle is another of mine that caused me grief among my fellow value investors - although each has since tripled at the least.
All I want for this thread is a solid idea followed by solid reasoning - along Buffett's way of thinking. There has to be, in my mind, some evidence that a tech stock can withstand and evolve before it can be considered a Buffett stock. Microsoft, IMO, is not a Buffett stock because it has yet to show me it can evolve. It is very possible to me that a new operating system can evolve to destroy a lot of what Microsoft has worked for. Sure, they have some nice online properties, but those are losing money hand over fist. I think it can be argued that Intel, Apple, and Oracle and even Compaq have shown a resilience over time that Microsoft, Dell, and Cisco have not. I wonder if you can see where I'm coming from.
In any case, when looking at Buffett-like tech stocks, I'd want to stay away from the absolute biggest names unless they are under some severe stress.
Good investing,
Mike |
