2024-05-07 00:24:04 ET
Summary
- Warren Buffett’s investment philosophy and a Semiconductor ETF seem as incompatible as oil and water.
- Think again!
- New times with new information call for new opinions.
- The SOXX Semiconductor ETF is better valued, more understandable, and has more inevitable prospects than many realize.
- SOXX is also a more Buffett-like selection than the other large SMH semiconductor ETF.
No, I’m not drunk or high. And yes, I know who Warren Buffett is.
And I know his investment philosophy. Back around the mid-1990s, I launched regular coverage of Berkshire Hathaway at Value Line. I spoke directly to Buffett himself when I needed updates. And I’m well versed in the literature around Buffett, his own shareholder letters, and other sources.
I’m not going to tell you Berkshire Hathaway presently owns the iShares Semiconductor ETF (NYSEACRA: SOXX) or even any of the stocks in its portfolio. But I can’t tell you he doesn’t. (The publicly traded companies Berkshire discloses are its largest positions. There are many more the company doesn’t disclose.)
I wouldn’t even be surprised if Buffett were to read this and think I’ve lost my mind. That’s OK. I get it. I’ll just respond by suggesting that nobody presented the semiconductor opportunity to him quite the way I’ll now present it to you.
That’s plausible. There was once a time Buffett fans were sure he’d never touch something like Apple ( AAPL ) with a ten-foot pole. When Apple went public in 1980, Massachusetts banned it as having been too speculative. Yes, really!
But as it turned out Apple was and is legit. And Berkshire Hathaway owns shares.
New times, new information, new opinions . . . we all evolve and do things we once swore we wouldn’t....
Read the full article on Seeking Alpha
For further details see:
A Warren Buffett-Like Case For Semiconductors And SOXX -- Seriously!