No. of Recommendations: 1
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The analysis found that Combs and Weschler also hold stocks for a shorter period than Buffett, who has said that he buys a stock typically believing that the “holding period is forever”. Buffett acknowledged that early in the pair’s tenure, telling a reporter “one of the two is more prone to move around in securities than I would be”.
Since 2010, Buffett sold his entire holdings in 63 positions with an average hold time of four years and three months. Combs and Weschler exited 48 stocks, holding for just two years and 10 months."
T and T selling into erroneous financial reporting with respect to which buys were Buffett's was a smart thing to do while Buffett was complicit in this activity.
What person managing money wouldn't want every one of his buys erroneously reported as a BUFFETT buy?
Yet still, with a 2-3 percent edge they did very poorly relative to the simple buy and hold index, case closed.
