Jeff Auxier doesn't particularly like investing in technology companies simply because of the speed at which these companies change.
He has made exceptions however for companies like Microsoft and Intel where cash flow is more predictable and valuations not factoring in much growth.
He thinks the sector is generally very tough in which to successfully make money.
According to Auxier, change is the enemy of the value investor where predictability is important.
He has made exceptions however for companies like Microsoft and Intel where cash flow is more predictable and valuations not factoring in much growth.
He thinks the sector is generally very tough in which to successfully make money.
According to Auxier, change is the enemy of the value investor where predictability is important.
