DARE - Because Entrepreneurs Do

'Sir, would you invest in the semiconductor industry in India? Do you see an opportunity?'

'I don't know. It sounds very complicated to me. I'd rather invest in something that sounds simpler like chewing gum and soft drinks," said legendary investor Warren Buffett.

The Sage of Omaha was present at a press conference at The Taj West End, Bangalore and answered various questions. It was held on the occasion of TaeguTec, a leading partner for tooling and solutions to the automotive, defense, aerospace verticals completing 10 years in India. It is also the only investment of  Warren E Buffett, Chairman and CEO, Berkshire Hathaway, in India.

He said that although 85-90% of his investments have occurred in the US, in the recent years he has seen more opportunities in India. "Better late than never," he quipped. As an advice to equity investors he says that they should invest in what they understand and remain in their circle of comfort. He says that he applies the same mantra to himself. "I want to invest in a business which I am familiar with so that I know it will stay stable for 10-20 years. I don't really want to be a part of a changing industry. In such a scenario there is more room for failures," he explains.

He humored the press with his witty one-liners saying 'Hey, I just landed in the airport two hours back, I can't really give you my perception of the entire Indian economy'

Regarding his philanthropic activities he says, he had always wanted to get into it from a very young age. He also says that since there is no system of feedback on such activities it becomes difficult to access the success or failure of such a 'business'. "It has to be done intelligently," he adds.