Hacker News new | past | comments | ask | show | jobs | submit login

Passing on random financial instruments (which AIG Was a counterparty to quite a few of) is not the same thing as commenting on a social networking site or choosing to not invest in something tech related.

Saying something is overvalued is buffet speak for saying "not cheap enough to be troubled" which is when he traditionally invests in things.

He buys lots of family businesses upon death events, and some heavy industry suffering capital issues. Generally speaking, this precludes young firms from crossing his radar even. "Suffering capital issues" is similarly something you will rarely see in todays tech environment.

Because a person is good at something doesn't mean he does everything perfectly. There are lots of great investments out there Buffet is not going to go anywhere near, that are conservative even. He definitely has a profile far more constrained than "proven business model"

He's a good businessmen, no doubt about it, but because he dislikes something does not mean it's not a good bet, it just means it doesn't clearly fit into his "Nothing a little money can't fix" investment profile.




Consider applying for YC's Spring batch! Applications are open till Feb 11.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: