Charlie Munger, the legendary late chairman of Berkshire Hathaway once said, “I don’t invest in what I don’t understand,” referring to Mark Zuckerberg’s Facebook. His sentiments were later shared by Robert Kiyosaki, author of “Rich Dad Poor Dad.” What Happened: In 2012, Warren Buffett and Munger chose not to invest in the initial public offering of Meta Platforms, formerly known as Facebook, either for their Berkshire Hathaway portfolio or personally. Buffett, speaking to CNN at Berkshire’s annual meeting in Omaha, stated, “We never buy into an offering,” adding that the notion of an IPO being…
