Mark Zuckerberg, the Warren Buffett of technology? | Hacker News Reader

Mark Zuckerberg, the Warren Buffett of technology?

blogs.reuters.com

10 pointsjimmytidey10 comments

Woah!! Way too premature to compare Zuckerberg and his singular 10 year old successful company to Buffett, who's been above and beyond in successfully running dozens of businesses for 50+ years. For the sports comparison, it'd be like comparing Kevin Durant to Michael Jordan (or Neymar to Pele for the European readers). Potential is there - yes. Too early to make a good comparison - yes.

Exactly. A lot of players have one great year, it's the ones with consistent careers that stick out.

Also, Zuckerberg's recent purchases seem more like defensive measures than investments. Seems more like Gates than Buffett.

Warren Buffet runs an office with about 24 people, managing over $182B in revenue, $480B+ in assets, and filing 900+ page tax return annually. That is efficiency beyond anything I've seen anyone do, period.

Mark Z is certainly leveraging his position and wealth, but I wouldn't call him a Buffet yet.

Wouldn't they use some external accounting firm to do the taxes?

I don't necessarily think the comparison with Warren Bueffett is the most interesting thing. More that Facebook is going to become a tech conglomerate with many companies, rather than an engineering company like Google or Microsoft or Amazon.

I think that lines up with a lot of things about the situation; not least that I find it impossible to imagine "Facebook the website" dominant in, say, a decade in the way it is now.

Facebook's behavior reminds me more of AOL scooping up Time Warner to survive the inevitable mainstream enlightenment and migration to the open web.

>>>"to survive the inevitable mainstream enlightenment"

Well said! It dawned on me yesterday that we are in the Middle Ages of technologies. Hear me out — what I mean by this is we are in a point in human civilization where a LOT of people use technology, the Internet, computers, computer software...

...and MOST of those people have No.Clue.What.It.Is.

This to me sounds like when the Church dominated people's lives, making everyone live by a book called "The Bible".....

....that only a few monks in their "lofty ivory towers" knew how to read, and everyone else to get it from them.

They (the clergy) were the ones who had the power/privilege to disseminate and translate "the word of God" for the rest, and most people had to just....believe them.

....until the Englightenment

Ironically Facebook has the same walled garden philosophy.

Warren Buffett has always preached valuing stocks and investing for the longer term based on what the market capital SHOULD be worth.

If Zuckerberg bought this company because he wanted it to earn him money in the long run because it is currently undervalued at 2B, then yes, I guess he is.

Edit: This disappoints me because technology shouldn't be treated like a commodity.

Betteridge.

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