Warren Buffett Sold Bank of America and Citigroup and Is Piling Into This High-Yield Investment Instead

One of the most popular Warren Buffett quotes on investing is, "Our favorite holding period is forever." Many take this to believe the Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) CEO never sells stocks. Of course, anyone who's been paying attention to Buffett's moves over the last few years knows that's not true. Buffett sold $143 billion worth of stocks on Berkshire's behalf last year.While Buffett buys stocks in companies he plans to hold forever (or at least a very long time), he's also mindful of valuation. In his 1994 letter to shareholders, he said, "We try to price, rather than time." When a stock becomes expensive, Buffett is more inclined to sell it.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool