https://www.theguardian.com/technology/2016/may/16/warren-bu...
>Asked why he had bought IBM shares rather than Apple or Google at Berkshire Hathaway’s 2012 shareholder meeting, Buffett said: “The chances of being way wrong in IBM are probably less, at least for us, than the chances of being way wrong in Google or Apple ... I just don’t know how to value them.
>“I would not be at all surprised to see them be worth a lot more money 10 years from now but I would not buy either one of them. I sure as hell wouldn’t short them either.”
And then Buffett made some bad bets on Kraft Heinz (3G was a poor partner to invest with, actually was a surprising move since 3G already had a poor reputation) and IBM, but I think it was mostly missing out on Facebook/Google/Microsoft/Apple/Amazon/Netflix/etc growth.
https://www.reuters.com/article/us-berkshire-buffett-kraft-h...