Why I Sold Amazon Stock
Many investors look to the wisdom of successful investor Warren Buffett, chairman and CEO of Berkshire Hathaway, for sage investing advice. When asked about when to sell a stock, the Oracle of Omaha offers this advice: "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever." For many investors, that's easier said than done. In this video clip from a Jan. 14 episode of Motley Fool Live, Fool.com contributors Brian Withers and Jason Hall discuss techniques for deciding what to sell, including the reasoning behind Withers' sale of the e-commerce giant Amazon (NASDAQ: AMZN).
Authors note: Amazon is shown in my disclosure below because of my joint ownership of my kids' accounts where they own shares.
Source Fool.com
