Berkshire has more or less concentrated their tech exposure to what they view as the very best of the bunch (Apple). You can also make a very reasoned argument that Apple isn't a (pure) tech company. You can't really make that argument about Alphabet or Facebook in my opinion.
When people say Berkshire diversifies you away from tech, they mean that you are diversifying away from the dozens of tech companies in SPY of varying quality.
> You can also make a very reasoned argument that Apple isn't a (pure) tech company.
I cannot envision what this argument could be and be congruent with my working definition of “tech company”.
> When people say Berkshire diversifies you away from tech, they mean that you are diversifying away from the dozens of tech companies in SPY of varying quality.
I can see that as a possibility. I did, possibly erroneously, assume in the original post I replied to that tech was shorthand mostly for MAMAA, so I guess we would need voidfunc to weigh in on what they meant.
Berkshire has more or less concentrated their tech exposure to what they view as the very best of the bunch (Apple). You can also make a very reasoned argument that Apple isn't a (pure) tech company. You can't really make that argument about Alphabet or Facebook in my opinion.
When people say Berkshire diversifies you away from tech, they mean that you are diversifying away from the dozens of tech companies in SPY of varying quality.