jhg,
Please don't take this the wrong way, because I dislike the tone some of the recent arguments on this thread have taken, but why do you persist in insisting Buffettology should be about high tech investing? While I like tech stocks, most are clearly a different animal from a Buffett-like investment. At first I thought you were really interested in learning Buffett's investing style, as am I, but I don't understand what your purpose is here. Are you here to understand what Buffett would invest in? Are you here to disprove Buffett? Are you here just to to get your jollies?
He saw a young and growing gorilla but he would not buy it because it was immature and unreliable and growing too fast.
I play that game too, but I don't discuss my young gorilla - ITWO - on this thread. Buffetology has nothing to do with investing in young gorilla stocks. If you've read Buffettology book (have you read the book the thread is named for?) you'd understand this is not what Buffett is about.
He saw a mature gorilla in its prime, very large and thumping his chest, but it was too expensive and he did not buy it.
Again, this is not Buffett's game. Are you insisting that Buffett buys tech stocks disregarding valuation?
Jim understands Buffett better than most of us on the thread. I've learned alot from him. Just as you urge the thread to listen to Chuzzlewit, I urge you to listen to what Jim says. He understands Buffett.
Please don't confuse what I'm saying. I think I understand where you're coming from, but it's not anywhere in the vicinity of Buffettology.
Shane |
