[shawnz]

> The seemingly unconditional refusal to explore technology companies. ... The allowing of the two new managers to keep breaking Berkshire's rules

If you think they are stagnating with their current mindset, then shouldn't breaking their existing rules be a good thing?

[bedhead]

That's a fair point. Let me clarify by saying that the IPO's and airlines were two things that Buffett was repeatedly adamant and proud about over many years. These were more hard and fast rules.

The tech thing is different, that was more Buffett just admitting it was outside his area of expertise. I think it's been especially confounding since Buffett has for a long time professed a deep admiration for Bezos and Amazon, yet never really acted on it.

[silexia]

The original comment is pretty entertaining. The commentator assumes that they better understand business than the two men with the best record in recent American history. Buffet continues to follow his general principles very well of buying great businesses for reasonable prices and holding pretty much forever. Not following BS trends and buying wildly overpriced tech stocks like Zoom, Zillow, or meme stocks like Gamestop or AMC is a huge plus in most value investors minds.