Warren Buffett Sold Berkshire's Entire Stake in This Incredible Stock Up 3,980% Since He First Bought It

Over 35 years ago, Warren Buffett told investors, "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever." Since then, he's bought and sold dozens of stocks for Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), proving that even the Oracle of Omaha doesn't have a perfectly clear crystal ball.Even when Buffett has made extremely successful equity investments, he's often had reason to sell at least some of Berkshire's stake -- either to maintain a more balanced portfolio, or sell a stock that's become overvalued, or for any number of other reasons. Those are factors that have come to the fore recently for Buffett and his team of investment managers. Berkshire Hathaway has sold more marketable equities than it bought in each of the last 11 quarters.Those sales include one stock that Berkshire first bought in 2008 and will go down as one of Buffett's (and Munger's) most successful investments of all time.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool