Do you not know who Buffet is? He may be wrong, but he's far from an idiot when it comes to investing.
Yes I know who he is..

And He was born in 1930.
Ok - I am sorry he is not an idiot.
He just do not like IT technologies

http://www.c[Suspicious link removed]m/id/22130601
His 4th largest investment is a $12.5B holding in IBM.