netnet Posted July 27, 2011 Posted July 27, 2011 Here is an article that covers a lecture/discussion that Gates and Buffett gave in 1998. It's a great read. (I'll only spoil one punch line--tech stocks should trade at lower PE than say Coke, because of competition and obsolescence!) http://money.cnn.com/magazines/fortune/fortune_archive/1998/07/20/245683/index.htm Netnet
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