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Technology Stocks : Long Term Investors' Outpost
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To: Seeker of Truth who wrote (341)8/8/2002 11:00:06 AM
From: Uncle Frank  Read Replies (1) of 562
 
Note: The paragraph about switching to contract workers was made tongue-in-cheek.

>> I think it's a great shame that Intel, MSFT etc. don't see the point. They can't fool Buffett and I think they mustn't fool us.

Before you promote him to sainthood, remember that this is the guru who popularized the philosophy of ltb&h. Goeff Moore borrowed heavily from Buffett when he wrote the GG. Buffett's conclusions don't necessarily apply to the dynamics of high tech companies. Chamber's has the advantage in that arena, and his position is opposed to Buffett's.

People have a tendency to give too much weight to the utterances of successful people and celebrities, even if they are wandering far afield from their areas of core competency.
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