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To: craig crawford who wrote (115422)1/16/2001 8:12:54 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
WRONG, CRAIG !! (((( loud buzzzer ))))

Buffet does not invest in tech because the learning curve he would have to undertake, at his age, is not worth it. And he is right.

When he can buy 60% of a grossly undervalued normal co outright, why bother to learn constantly-changing tech concepts so you can try to buy 20% of a grossly over-valued tech co?

I wonder how many of his shareholders are dissapointed by this stance!? Not many, methinks. Rest assured, Buffet and Munger are very shrewd. They know exactly what they are doing.
Victor

ps, looks like value won again today, eh?