Warren Buffett is the 90 year old, Chairman of the Board and Chief Executive Officer of Berkshire Hathaway. Considered by a few to be somewhat of an anachronism. Berkshire Hathaway is his chief investment vehicle. It is by market value the 6th largest company on the exchange, worth an astounding $450 billion dollars currently.
But the makeup and structure of Berkshire is a radical departure from the other high tech companies which surround it at the top of the stock market. Unlike Apple or Microsoft, Berkshire Hathaway is not involved in technology. And Buffett himself does not considered technology to be field that he has any expertise in. In fact it seems that he takes special joy in avoiding technology at all. Only within the last couple of years did Buffett finally invest in Apple Computer. And there is even some doubt whether that was Buffett's idea or one of his investment manager's.
Buffett is old school. Of that there can be no doubt.
Soon we will ring down the curtain on Act 1, of our short play called The Great Financial Crisis of 2020. And so far what a play its been.
You may recall that in the first Act, a totally …