Buffett won’t buy tech stocks with mediocre fundamentals & speculative upside because he doesn’t understand tech enough to predict. I don’t understand how Apple is any different. Sure, has great fundamentals, but has unpredictable downside - in tech, moat can disappear overnight.
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It seems to me like he might be blinded by incredible fundamentals and may not be conscious of the implied technology prediction, which he himself has said he isn’t qualified to make. What am I missing? ¯\_(ツ)_/¯
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Replying to @MikeMcCormick_
I agree. And that’s the judgement error.
7:04 AM - 10 May 2018
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