Technicians, Yachts and Brokers Technology-Driven Growth Industries

It’s Hard To Evaluate the Moat Around Tech Companies

Warren Buffett has said that he generally avoids investing in technology because he doesn't understand it well enough. But what he really means is that most technology can't be understood well enough in principle, by anyone (not just him), to be able to confidently predict whether a tech company will still be dominant in ten or twenty years.