A column in the Wall Street Journal mentions the famous billionaire investor Warren Buffet, who in 1999

Question:

A column in the Wall Street Journal mentions the famous billionaire investor “Warren Buffet, who in 1999 and early 2000 was widely derided as ‘a dinosaur’ and ‘out of touch’ for his refusal to buy technology stocks.”
a. Why would anyone refer to an investor as out of touch if he wasn’t investing in technology stocks in 1999 and early 2000?
b. What was the Fed’s policy toward the increase in stock price during this period? Is your answer to part (a) relevant to evaluating the Fed’s policy? Briefly explain.

Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...