People are making a big deal out of the news that Warren Buffett recently sold 50% of his apple ($AAPL) shares. When a great investor sells a stock, is it an indication to sell as well? Is it a sign of a top? Maybe not.
Buffett sold his entire Mcdonalds (MCD) stock in 1998. Since then, MCD has increased +1,413%, outperforming Berkshire Hathaways returns.
Buffett sold his entire Costco (COST) stake in June 2020. Since then, COST has gained +190%, outperforming Berkshire as well.
Buffett also sold all his stakes in airline stocks like Delta Airlines (DAL) in March 2020. Since then, DAL is up +82% as well
Lesson? I pay no attention to what other investors are doing, no matter how great they are.
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Still going up though
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