The following is an excerpt from William Watts | February 26, 2017 | Marketwatch.com |
arren Buffett is famously a very long-term investor. But long-term doesn’t necessarily mean he’ll never sell.
In his annual letter to investors, the Berkshire Hathaway BRK.A, +0.05% BRK.B, +0.04% chairman writes that some shareholders and commentators have the notion that the firm “will own certain stocks ‘forever”—but that’s not so.
“It is true that we own some stocks that I have no intention of selling for as far as the eye can see (and we’re talking 20/20 vision),” he said. “But we have made no commitment that Berkshire will hold any of its marketable securities forever (emphasis Buffett’s).” Read the letter here.
For more visit: Marketwatch.com