"There's a lot of difference between making money and spotting a wonderful industry," Warren Buffett remarked at Berkshire Hathaway's 1999 annual meeting of shareholders.
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The Oracle of Omaha was responding to one investor who asked why Berkshire wasn't participating in the technological revolution sweeping Wall Street at the time.
Until fairly recently, Buffett avoided the technology sector. He always said he wanted to avoid technology stocks because he did not understand the sector.
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It seems that he was also waiting for the...
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