Few billionaires have displayed the forward-thinking and sound ideology that Warren Buffett has demonstrated over the last 4 decades. He knows money, knows investments, and has an eye for companies’ successes and potentials. With so much hype being thrown at social media sites like Facebook, Twitter, and GroupOn ahead of possible IPOs, he warns investors that values may be inflated.
“Most of them will be overpriced,” Buffett said Friday in New Delhi. ”It’s extremely difficult to value social- networking-site companies. Some will be huge winners, which will make up for the rest.”