Not really. He said he wasn't buying tech because he didn't understand it, not that others shouldn't buy.

Indeed here's a quote from the 1998 letter

> Despite the pathetic technical skills of your Chairman, I'm delighted to report that GEICO, Borsheim's, See's, and The Buffalo News are now doing substantial business via the Internet.

Yes, they had a couple of misses. But I'd say his hits have more than made up for it.