Warren Buffett, the billionaire American investor, says he is wary of investing in electronics makers such as Apple Inc. because their prospects are harder to predict than Coca-Cola, according to Bloomberg.
"We held very few in the past and we're likely to hold very few in the future," Buffet said referring to electronics makers. Coca-Cola is "very easy for me to come to a conclusion as to what it will look like economically in five or 10 years, and it's not easy for me to come to a conclusion about Apple," he said.
"Even though Apple may have the most wonderful future in the world, I'm not capable of bringing any drink to that particular party and evaluating that future," Buffett said. "I simply look at businesses where I think I have some understanding of what they might look like in five or 10 years."
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"We held very few in the past and we're likely to hold very few in the future," Buffet said referring to electronics makers. Coca-Cola is "very easy for me to come to a conclusion as to what it will look like economically in five or 10 years, and it's not easy for me to come to a conclusion about Apple," he said.
"Even though Apple may have the most wonderful future in the world, I'm not capable of bringing any drink to that particular party and evaluating that future," Buffett said. "I simply look at businesses where I think I have some understanding of what they might look like in five or 10 years."
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