Ann: S&P DJI Announces December 2020 Quarterly Rebalance, page-105

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murdochVet

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17/12/20

02:51

Post #: 49637333
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Originally posted by Saveferris1992: ↑

I don't really understand you to be honest. You've explained that Berkshire Hathaway "is basically an insurance company/bank" with little to no interest in tech companies (which isn't really true, especially nowadays, but anyway), and yet it's surprising that holders in tech growth companies, companies that Warren Buffett openly admits that he has little understanding of (and he likes to invest in what he understands), wouldn't really care about which tech growth companies Warren Buffett wouldn't put his money in?

Worth noting (you surely already know this) that Buffett did actually break his anti-tech rule and go pretty big on IBM (classic old man stock) at the start of last decade, which was seen as reliable and reasonable value. You'd also know that this was a big failure for him, which he finished dumping a couple of years back, while simultaneously buying a massive amount of shares in Apple instead (pretty sure it's by far his biggest holding now). Also worth noting that Berkshire Hathaway bought over 6 million shares in Snowflake (a loss-making, ridiculously highly valued tech IPO) just a few months back.

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yeah and a heads up snowflake is killing it in the Paas and DaaS (db as a service space). Competes with the very basic. Competes against Marklogic, aws, Oracle , IBM DB2, and Teradata.
Snowflake are winning some massive accounta in Aus. ATM

APT Price at posting: $114.60 Sentiment: Sell Disclosure: Held
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0 Great analysis

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