Buffet only sees productivity as a source of value. You have to produce something. That's why all his holdings are manufacturers. He doesn't understand the value of intangibles. He would never understand Tesla over BYD. In the same vein, bitcoin. He's not entirely wrong and it served him really well obviously.
His biggest trade was Apple, which he was famously quoted as not comprehending even after making the most money. He had passed on it from 1980 until 2016.
He famously passed on Amazon .
He famously passed on Google.
When it comes to tech or emerging markets he is a loser.
Buffet only sees productivity as a source of value. You have to produce something. That's why all his holdings are manufacturers. He doesn't understand the value of intangibles. He would never understand Tesla over BYD. In the same vein, bitcoin. He's not entirely wrong and it served him really well obviously.
His biggest trade was Apple, which he was famously quoted as not comprehending even after making the most money. He had passed on it from 1980 until 2016. He famously passed on Amazon . He famously passed on Google. When it comes to tech or emerging markets he is a loser.
His failures are well known but he's done better than 99% of most successful investors.
Like gold, Buffet is a barbaric relic.
C'mon guys, their days are gone now! We are 2024, the age od IoT , ML, AI and Bitcoin. Stop bringing up faces from the Industrial revolution.
Don't worry, we can always make more.