Legendary value investor Warren Buffet’s reluctance towards investing in technology stocks is well known. Even at the height of the tech boom in the late 1990s, Buffet steered clear of technology stocks. He firmly believed that most tech players lacked “economic moats” like, sets of competitive advantages that allow companies to prosper in the long run. He also believed that the valuations of these companies were inherently unstable. While he has not really embraced tech stocks, more recently he has made exceptions for companies like Apple Inc., IBM, and Amazon.