Marc Andreessen and Warren E. Buffett are two of the largest names in investing, but the two disagree about the value of technology stocks.
Marc Andreessen, one of Silicon Valley’s biggest venture capitalists, and Warren E. Buffett, of Berkshire Hathaway, have two things in common: They are both worth huge amounts of money, with billions of dollars at their investing disposal, and they both try to invest in companies that are undervalued. But these two business titans disagree about the importance of investing in technology. “Not only is there no bubble — these prices are reflective of the fact that the market still hates tech,” Mr. Andreessen said in the interview, referring to the stock price of many large tech companies. “This bubble talk is about everybody being unbelievably psychologically scarred from 10 years ago.” Mr. Buffett disagrees. In an interview with the DealBook blog, he said he did not plan to invest in social networks and was still weary of the price of some tech stocks. Mr. Buffett said he was looking for tech stocks to invest in that were “not crazy.” NYTimes