Warren Buffett Just Sold This Popular Stock -- Should You?
When it comes to success with investing, Warren Buffett is hard to one-up, to say the least. But even if you can't outperform him, you just might be able to get (approximately) similar returns by copying his trades or at least dodge some problems by selling when he does.
On that note, in the first quarter of this year, the Oracle of Omaha's company, Berkshire Hathaway (NYSE: BRK.A, BRK.B), sold 100% of his three million AbbVie (NYSE: ABBV) shares with a total value of around $410 million. Contrary to his stated preference of holding stocks for extraordinarily long periods, Buffett only established his position in the company in the third quarter of 2020. And his stake was only around 0.1% of Berkshire Hathaway's portfolio, so it wasn't ever exactly a core holding.
Still, if a stock isn't good enough for Warren Buffett, it's reasonable for investors to wonder whether they should head for the door, too. Let's analyze what might have motivated him to see whether it's relevant to you.
Source Fool.com
