Following my previous post, now I bring to your attention about a 'huge mistake' on an investment made by Warren Buffett - Tesco PLC, the UK's largest supermarket chain.
You can read the news on Tesco at this URL...
However, it is even more surprising to know that Buffett is selling Tesco after its share price has fallen by more than 50% this year to GBP1.90. Is Buffett expecting the stock to fall further? Should you sell (if you own Tesco stock) or should you buy instead (acting in opposition position to Buffett)?
What is my experience and take?
No, I don't follow famed investors to buy and sell stocks.
Usually by the time you see the news, it usually means you are too late! You will be buying near the high end or selling near the low end (before buying or selling dries up and the rebound comes)!
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