TechWeb, May 7th, the legendary investor and Warren Buffett, the legendary investor and “stock god”, admitted on Saturday at the annual shareholders’ general meeting of Berkshire Hathaway that he made a wrong decision when he gave up investing in Amazon and Alphabet.
Legendary investors, Warren Buffett
This is a mistake he made because he insisted on his long-term investment principle, which may mean that it is time to update these ideas.
Buffett said: “when I first met Geoff Bezos (Jeff Bezos), I had a very, very high evaluation of his ability, but I still underestimated him. I was concerned about Amazon from the very beginning. I think what Bezos did was almost miraculous. But the problem is, when I think something will be a miracle, I will not bet. “
Buffett’s limited technical ability may be one of the reasons why he missed the opportunity. He admitted that “stupidity” prevented him from investing in Microsoft as early as possible.
For a long time, Buffett has warned investors that they can only bet on businesses they know. He admitted that when it comes to Google and Amazon, if he had some knowledge of some businesses, things would be much better. (Little Fox)