Investors love Warren Buffett quotes and learning from his vast experience and wisdom. His advice hasn't changed much over time, and he still touts the same important things to look for in a business you're evaluating that he did decades ago.

There are a few distinct quotes that stand out as oft-repeated, and one of them is that his "favorite holding period is forever." But that's only part of the quote -- and the rest of it adds a condition that changes its meaning completely.

Even taken by itself, the idea that something is a favorite implies there's room for alternatives. Buffett sells stocks all the time, as illustrated through Berkshire Hathaway's public filings. 

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Source Fool.com