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Posted on 5/10/13 at 8:54 pm to Tigah in the ATL
quote:
Buffet says never invest in emerging technology.
?? Electric motors, batteries, and cars are all 100+ year old technologies. Tesla is making money where others don't or can't because it is managed very well, they squeeze every bit of potential out of technology, and their production methods are constantly optimized.
Posted on 5/10/13 at 11:24 pm to Tigah in the ATL
quote:
Buffet says never invest in emerging technology.
I think that technically he simply says that he doesn't because it's part of his larger philosophy of not investing in things that he doesn't understand.
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