Warren Buffett recently advised Mark Zuckerberg for hours, but says he wouldn't be a buyer of...

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User 502794 Comments (122)
 
" he wouldn't be a buyer of Facebook (FB) shares. Buffett also said he wouldn't buy Apple (AAPL) or Google (GOOG)"

first intelligent thing this aging has-been cheerleader has said in years
6 May 2012, 02:52 PM Reply Like

Wall Street Smart Comments (472)
 
So buffet who has retuned 23% CAGR in assets thru 3 depressions for 36 years is stupid and u r smart. Right?
6 May 2012, 04:07 PM Reply Like

bailinnumberguy Comments (1086)
 
You can make a strong argument that Buffett is the greatest investor of all time. He sticks to what he understands and he admits that he doesn't understand technology.
7 May 2012, 02:51 AM Reply Like

bosco115 Comments (194)
 
Buffett doesn't know anything about tech, and he freely admits it. Why the hell are we listening to him regarding a subject he knows next to nothing about?

Apple and Google are flush with cash, are established players, and have reasonable P/E valuations in the teens. Facebook is an upstart submerged in hype with a dissatisfied user base, a lofty valuation, and executing expensive acquisitions that add nothing to the bottom line.

And his advice is to buy none of these names? Surely any reasonable investor can spot the bargains and the bubbles in this situation. Come on.
6 May 2012, 03:06 PM Reply Like

bailinnumberguy Comments (1086)
 
Yep, why listen to Warren Buffett? He's only the most successful investor in history. No doubt he got that way by being clueless about stocks, technology or otherwise.
7 May 2012, 02:51 AM Reply Like

bosco115 Comments (194)
 
The most successful investor in history missed the most successful investment of the past decade - Apple. This is because HE DOESN'T KNOW OR UNDERSTAND TECH.

If he missed the enormous run in Apple, why do I care what he has to say about its value now?
7 May 2012, 09:00 PM Reply Like

azreeal Comments (109)
 
Yes, what does Warren Buffet know? Are you serious? Keep holding the bag while the market corrects then come back and comment again. I find it hard to believe it isn't obvious to everyone by now that the media keeps sucking the retail investor in while the HFT trading machines gradually take their life's saving away. I thought Apple was going straight to 1000 after it's blowout earnings, what happened? Of course, Europe, Greece, unemployment. Oh, what was the cause of the flash crash in 2010? Could it have involved Europe? Greek debt? Why isn't Cramer talking about how wonderful Apple is? Did the fundamentals get worse since the 1st quarter earning were released? The market will go up and down as it is manipulated to do so by institutional investors and market makers. I personally believe we won't have another flash crash because it won't be allowed to happen. It will probably be harder to keep the sheep all in with a more controlled market decline, but the media show is pretty good at what they do, and getting better every day. After the next correction things will be wonderful again and those that hang on to their positions with a death grip will get some of their losses back, until it corrects again for some inevitable crisis in Europe, or the middle east.
6 May 2012, 03:51 PM Reply Like

dividend_growth Comments (2748)
 
Pathetic, just pathetic.

Sounds like the typical sour grapes BS.
7 May 2012, 04:42 AM Reply Like

azreeal Comments (109)
 
Yes, don't let the facts disrupt you reality.
7 May 2012, 08:35 AM Reply Like

Stilldazed Comments (1552)
 
I had a 401k that I had been faithful in putting in 6% every week with a company match of 3%. In 2008 it was worth less than was invested by a very healthy amount and if I would have left it there instead of pulling it out in 2010 it still would be a loss. The market hype about the tech stocks does remind me of the tech bubble. I want something of value not as dependent on consumerism, there comes a time when the market is flooded and the next new improvement isn't enough to sell the product. We are quickly reaching that point. Market saturation anyone?
6 May 2012, 05:33 PM Reply Like

7iron10 Comments (27)
 
Having zero knowledge on what this fund invested in I can't make a for-certain statement regarding your portfolio, but it's not too unreasonable to assume had you left your money alone (and not taken it out in 2010) your portfolio would be worth MORE now than at 2010.

What have you done with your nest egg since then?
7 May 2012, 02:53 AM Reply Like

Stilldazed Comments (1552)
 
7iron10,
Not sure how to or even if I should answer someone I don't know with only one comment on SA. There are some people here on SA I have known for a long time that I trust and would answer with a PM. Nothing personal mind you, but you don't fit my criteria.
7 May 2012, 05:01 AM Reply Like

rubicon59 Comments (1207)
 
It is interesting to compare a long term return of Berkshire vs Apple...since, say, 1990? Or any other date of one's choosing.
7 May 2012, 12:04 AM Reply Like

idkmybffjill Comments (561)
 
Over longer periods (30+ years), Berkshire will destroy Apple. In the last decade? Apple easily.
30 May 2012, 06:46 PM Reply Like