Warren Buffett's 3 Most Intriguing Tech Investments
Warren Buffett famously avoided tech stocks for most of his career. He cited his lack of understanding during that time. Still, attitudes have evolved at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), and early in the last decade, Buffett brought Todd Combs and Ted Weschler on to help manage that portfolio. Soon after, Buffett made a tech-industry investment in IBM in 2011, a position he reversed in 2018.
Despite that failure, Buffett did not give up on tech. Today, the stocks Warren Buffett owns make Berkshire's portfolio tech-heavy by just about any measure. These are three of his most intriguing tech picks.
Both Combs and Weschler may have influenced the decision to buy Apple (NASDAQ: AAPL). Still, besides the technology focus, Apple looks like a traditional Buffett investment. It sells products like the iPhone, Mac computers, and Apple Watch. Like banking, beverages, or insurance, its products hold the "forever" appeal that drew Buffett's attention.
Source Fool.com
