RE: Here’s how Warren Buffett may invest in 2023!8 Jan 2023 10:02
Sticking to the knitting
Will Buffett be investing in space exploration company SpaceX, hydrogen energy firm ITM Power, or e-commerce group THG in 2023?
I cannot be 100% sure of the answer, but I am highly confident that it is no. Buffett typically likes to stick to profitable companies with a proven business model. He does not always do that though, as seen in his ownership of shares in Tesla rival BYD
The main reason I expect Buffett will not invest any money in the companies mentioned above this year, is because they operate in areas outside his circle of competence. That makes it hard — if not impossible — for him to assess their investment cases.
Buffett has become incredibly rich by investing again and again in a few areas he understands well, such as financial services, insurance, consumer goods and logistics. I expect him to do the same in 2023