Berkshire Hathaway Sold Mastercard Stock. Should You Follow?
Berkshire may have exited Mastercard for reasons unrelated to Mastercard's underlying business strength.
Overview
When Berkshire Hathaway sold its entire stake in Mastercard (NYSE: MA), many investors had the same reaction: "If one of the world's greatest investors is selling, shouldn't I?"
It's an understandable question. But it may also be the wrong one.
Details
Berkshire's decision doesn't necessarily mean Mastercard has become a worse business. In fact, Mastercard remains one of the highest-quality companies in the world, with a dominant payments network, an asset-light business model, and a long runway as economies continue shifting away from cash.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.