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IP: cannot miss by Coke
From: Dave Farber <farber () cis upenn edu>
Date: Tue, 05 May 1998 17:25:56 -0400
SAN FRANCISCO (Wired) - "If I taught a class," says financial wizard Warren Buffett, "on my final exam I would take an Internet company and ask 'How much is this company worth?' Anyone who would answer, I would flunk." Buffet says he admires Bill Gates, but doesn't invest in Microsoft or other high tech firms. It isn't a vote of no confidence in things Internet, but Buffet's lack of knowledge of things technical. He knows he'll make money investing in Coca-Cola and Disney, so he sticks with them. For Buffet, the blue chips he knows are no-brainer investments.
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