[rewmie]

> Mostly because he does not understand it (...)

What leads you to believe that he doesn't understand it? I mean, how many tech companies failed/are failing badly?

It's easy to single out Microsoft as an example of a success story, but it's even easier to pick failure stories. Perhaps Warren Buffet does well smelling out those?

[shapefrog]

> What leads you to believe that he doesn't understand it?

People dont understand the subtle art of language.

I, on the other hand, have always assumed that Buffett made the "I don't understand" remark with typical self-deprecating-but-knowing Buffett charm — as in, "All you people piling into dot-com stocks must be much smarter than I am, because I just don't get it!"

In other words, I believe that, in typical Buffett fashion, Buffett understood everything he needed to understand about technology in the late 1990s, which is that technology investors had gone stark raving mad.

https://www.businessinsider.com/why-buffett-doesnt-invest-in...

[xbmcuser]

these are his own words from a few years back I did not make them up . He said as he did not understand he missed out on some good investments

[rewmie]

> these are his own words from a few years back I did not make them up .

I'm sorry, but that's simply a gross misrepresentation of facts. If you read Warren Buffett's actual comment, it's quite clear that they were about the overall dotcom fever and how the bulk of these companies were objectively not a good investment. If course those who stood to benefit from the dotcom bubble were quick to attack Buffett to discredit him.

https://www.businessinsider.com/why-buffett-doesnt-invest-in...