#6 Facebook (Investment) is Not Necessary

As the great investor Warren Buffett states it, “investing in tech companies is never easy. It’s about necessity, not the PE values.” There are many companies like IBM, Cisco, Google, Intel and SAP which the world economy depends on. We can live without them for sure, but the switching cost will be high. On the other hand, Facebook is a social network which is not integral to the global economy.