If you think buying the Nasdaq 100 index is a diversified bet on technology, you are mistaken.

Five stocks Swallow Up More of the Nasdaq Than Ever Before.

The FAANG block of Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google now account for over 27 percent of the NASDAQ Composite Index, a new all-time high.

Buffett is buying Apple. I do not think any of them are worth the price.