No. of Recommendations: 10
Calling it straight up- Warren selling his Apple position down has been dead wrong.
I said the same thing last year. But after rethinking it a bit, maybe it's not true. Sure perfectly timing every trade is the way to go (obviously), but Warren isn't a trader, he's a capital allocator and he is usually loathe to sell anything (the apocryphal "favorite holding period is forever") so he didn't sell on a whim of some sort. But Warren is also a [large] portfolio manager, and a portfolio manager has responsibilities other than just providing good returns. One of those responsibilities is risk management, and in this case, risk management dictated reducing the size of the Apple position due to too-heavy concentration in the overall portfolio.
