FranceSoir Article on Warren Buffett
I am quoted in this Agence France-Presse (AFP) article on Warren Buffett.
“A portfolio manager is considered successful when 70% of his bets are profitable, for Warren Buffett it’s 90%, which makes him unique,” said David Kass, professor of finance at the University of Maryland and author of a blog about the businessman.
“He remains very classic, he does not use exotic financial products and borrows little”, underlines Mr. Kass.
Warren Buffett has long been reluctant to invest in the technology sector, never buying for example Facebook, Amazon or Google.“He has no expertise in this area and does not see how he could do better than the rest of the market,” notes David Kass
