Julian Robertson Disciple Phillipe Laffont - Investing Like Buffett in the Tech Sector Is a Recipe for Failure
I mean, that makes sense. The technology industry moves so fast that predicting the cash flow of a company five years ahead is very difficult, and that means assessing intrinsic value is almost impossible.
Philippe Laffont who founded Coatue Management in 1999 after working at Julian Robertson's Tiger Management agrees with that idea.
Here is Laffont discussing how investing in what is "cheap" in the technology is a recipe for failure: