Business
Why Warren Buffett would never buy Afterpay shares – Motley Fool Australia
The world’s fourth-richest person avoids innovative companies, although he admires “fresh ideas”.
Many investors have reaped big gains from technology shares both in the US and Australia in recent years.
Afterpay Ltd(ASX: APT) is a good local example. Afterpay shares have risen more than 700% since the Covid-19 lockdown trough in late March.
But the world’s most famous share investor, Warren Buffett, avoids innovative companies like the plague.
“Our reaction to a fermenting industry is much like our attitude toward space exploration: We applaud the endeavor but prefer to skip the ride,” h…
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