Warren Buffett on Apple, Google: Do Not Want
Warren Buffett wouldn’t bet against Apple and Google, but he won’t invest in them, either.
Speaking at Berkshire Hathaway’s annual meeting over the weekend, the legendary investor said he had no interest in buying shares of either Apple or Google because he views them as risky investments.
“I would not be at all surprised to see them be worth a lot more money 10 years from now, but I would not buy either one of them,” Buffett said of the two companies. “I sure as hell wouldn’t short them, either.”
Why is Buffett reluctant to buy into two such tech juggernauts — particularly Apple, which some analysts are betting will become the world’s first trillion-dollar company? It’s not like he hasn’t invested in tech before. Berkshire Hathaway did plow $10.7 billion into IBM last November.
He thinks Apple and Google are too risky of an investment, and he doesn’t know enough about either company to see them as “inevitable” winners. “We couldn’t predict what would happen to Apple 10 years ago, and we can’t predict what will happen to it 10 years from now,” Buffett said.
Fair enough. But really, isn’t that just another way of saying “we missed them”?
