&#62; His view is that there is no way to be a truly long-term investor in tech companies because management never allows companies to transition from growth companies to mature, income-oriented ones.<p>I'm not sure if this is true if you looked at the tech industry as a whole. I think it is, but my view is biased from almost purely following GOOG, AAPL, MSFT, etc.<p>But if it is true, it would be a good explanation as to why Warren Buffett does not invest in tech companies.