...Warren Buffett never sells, only Buy and Hold like a true...

...Warren Buffett never sells, only Buy and Hold like a true investor?

...Buffett has been reducing its 20% stake in BYD from 2022 to now just 6.90% following further reduction the past week,

...if EV is so flash and still offers growth opportunity, why would he be selling down the company that is the No.1 global EV producer? Shouldn't he be buying more, at the lows now?

...EV proponents would say he is diversifying away from China...well, if he was not into China, he would not have bought 20% in the first place (remember he bought BYD instead of Tesla). No, he is seeing an industry that is thriving only on the back of low margins to scale up, that is anything but a moat business that commands pricing power.

...now that Buffett has voted with his wallet, now you have to decide on what the EV/Lithium outlook portends ahead.

...it is clear Buffett holds all the way UNTIL it is no longer conducive or 'smart' to hold longer. It is not a 'lock in the drawer and throw away the key' type of Buy and Hold- that approach is a value destruction- seeing 2-3 years of superprofits and then seeing it all vanish then hope for a Lazarus return, which so many Buy and Hodlers typically do because they stayed in denial.
Berkshire Hathaway sells $39.8 million of shares in China's BYD
Story by Reuters
• 13h •

BEIJING (Reuters) -Warren Buffett's Berkshire Hathaway has sold 1.3 million Hong Kong-listed shares of EV maker BYD for HK$310.5 million ($39.8 million), a stock exchange filing showed on Monday.

Berkshire's holdings in BYD's issued H-shares were lowered to 6.90% from 7.02% following the sale on June 11, according to the filing with the Hong Kong stock exchange.

BYD is one of the investment conglomerate's few non-U.S. investments. It was finalized in 2008, though Berkshire began reducing that stake in 2022.

• Warren Buffett's company slashed its stake in BYD. Here's why that's surprising – and 5 possible explanations.
  
  
  Theron Mohamed
  Nov 14, 2023, 7:45 PM AEDT
  Warren Buffett's Berkshire Hathaway has sold more than 60% of its BYD shares since last summer.
• Buffett may have been taking profits, pruning his portfolio, or cutting his geopolitical exposure.

Warren Buffett-owned Berkshire Hathaway sold another $25.78 million worth of BYD shares last week, slashing its total stake in Chinese electric vehicle-maker by more than 61% since 2022.
The investment group sold 820,500 Hong Kong-listed shares of BYD for HK$201.73 million, a stock exchange filing showed.

The sale on October 25 lowered Berkshire’s holdings in BYD’s issued H-shares to 7.98% from 8.05%. That’s down from a 20.49% stake Berkshire had in the carmaker’s H shares when it began selling off its holdings since late August 2022.