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Warren Buffett has been criticized for avoiding investing in tech stocks during the 1990s dot-com boom, as he wasn't confident in the future growth of the tech industry (paywall may apply).

Findings

Additional insights we found via WIRED

  1. Buffett said at the time that tech is something Berkshire Hathaway doesn't "understand, so we don't invest in it."

  2. This philosophy led him not to invest in Yahoo or Microsoft during the dot-com boom.

  3. Buffett later admitted he missed out on gains from not investing in companies like Google and Amazon earlier.

  4. He now invests in some tech companies, like Apple.

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