ADVERTISEMENT

Why Warren Buffett keeps away from Facebook, Google

Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Newly-elected French President Francois Hollande (L) with outgoing Culture Minister Frederic Mitterrand
Billionaire Warren Buffett says he avoids buying into businesses like Facebook because it's too hard to estimate what they might be worth.Buffett said on Monday that he doesn't really have an opinion on Facebook and Google because it's hard to determine their value and how they will fare in the future.Over the weekend, Buffett also told Berkshire Hathaway shareholders that initial public offerings are almost always bad investments. H...
Register for Free
to continue reading
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit