andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2008-12-11 03:30 pm
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[identity profile] anef.livejournal.com 2008-12-12 11:22 am (UTC)(link)
Warren Buffett (hope that's how you spell it) refused to buy into dotcoms on the basis that he didn't understand them and didn't want to put the time into researching them. And was widely ridiculed at the time. His point was that some of them were good businesses and would survive, but the vast majority weren't. That seemed very sensible to me.