May 8, 2012
Posted by Kshama Bade in General Thoughts | Comments Off
Facebook IPO: Warren Buffett, (Billionaire Investor) will not invest in facebook IPO?
On the day of FACEBOOK IPO show on Monday, one of the high profile investor has press the “UNLIKE” button for betting money on social network.
He specifically expressed his dislike. According to him it is difficult to predict the future of such social sites and there is no guarantee that after five or ten years the social sites will be as extraordinary as they are now.
Basically he does not want to invest in what he does not understand. He prefers to stay neutral on the subject.
Buffet says “I think the worst mistake you can make in stocks is to buy or sell based on current headlines.”
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