10 Blue-Chip Stocks That Warren Buffett Dumped (And Why)
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B), likes to say that his ideal holding period is "forever." But he never has been shy about dumping stocks that no longer hew to his high standards, even if they are some of the bluest of blue-chip stocks.
The Oracle of Omaha has famously held American Express (AXP), a member of the Dow Jones Industrial Average, since 1963. He added Coca-Cola (KO), another Dow stock, to Berkshire Hathaway's portfolio in 1988 and has held tight ever since. But for every American Express and Coca-Cola, there many more just-as-famous blue chips that Buffett has banished from Berkshire's portfolio.
Warren Buffett typically doesn't like to say too much about the reasoning behind Berkshire Hathaway's buying and selling of individual securities. And it's not always clear who is acting on Berkshire Hathaway's behalf because Buffett shares responsibility for
