I’ll share something personal. I bought Ulta Beauty just after Buffett exited his position. For a second, I doubted myself, if he’s selling, what does he know that I don’t? I held and soon Ulta doubled. I assume he exited for reasons that had nothing to do with Ulta’s quality or valuation, internal portfolio decisions, reallocation, timing. We rarely know the full picture behind an institutional exit.
Another great piece, thank you Omar!
Thank you, I am glad you enjoyed it.
I made it 2% of my portfolio at 400. Down 22% now. Should I hold or cut my losses?
Why would Berkshire sell then?
I’ll share something personal. I bought Ulta Beauty just after Buffett exited his position. For a second, I doubted myself, if he’s selling, what does he know that I don’t? I held and soon Ulta doubled. I assume he exited for reasons that had nothing to do with Ulta’s quality or valuation, internal portfolio decisions, reallocation, timing. We rarely know the full picture behind an institutional exit.