Warren Buffett Is Selling His BYD Shares. Should You?
Over the past two months, Berkshire Hathaway, the investment company owned by Warren Buffett, has reduced its holdings in Chinese automaker BYD (OTC: BYDDY), with its holdings in the automaker dropping to 14.95% from 16.28%. Overall, Berkshire has sold its BYD holdings five times since August, just after the company's stock hit an all-time high of $42.
If you're currently invested in BYD, you might be tempted to follow Buffett's lead and dump your shares. But Berkshire's recent stock sales aren't necessarily a reason to panic. Here's why.
Source Fool.com