I’m not going to give Warren Buffett investment advice, because that’s kind of like giving basketball tips to Michael Jordan. But as I do wonder about the wisdom of one of the recent moves by the “Oracle of Omaha.” As I observed over in that other Washington publication I write for, it’s more than a little unnerving to learn that Buffett is selling all of his conglomerate’s remaining shares in the world’s largest chipmaker, Taiwan Semiconductor Manufacturing Company, declaring, “I don’t like its location.”
Buffett doesn’t see anything wrong with TSMC’s profit projections, market share, leadership, or anything else. He, like many of us, is worried about matters between China and Taiwan getting “out of control” or “accidents” occurring, adding, “It’s a dangerous world.”
Yeah, no kidding, and the most high profile investor in the U.S. pulling out of Taiwan probably makes the world a little more dangerous, by proving that China’s intimidation tactics are working.