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Frankel encouraged everyday investors to consider entering into bank stocks, which have underperformed in 2018, suggesting they present potential buying opportunities. While he expressed caution about airlines due to their volatility and complexity, he confirmed Buffett’s strategic approach remains an insightful reference point for investors.
Sales and Portfolio Adjustments
Buffett's Notable Sells
Despite being a net buyer, Buffett also made significant sales, which are essential to understand in context. He closed out a position in Phillips 66, having previously stated he would hold it long-term. Clarifying the reasons behind such sales is vital, as they can often stem from regulatory compliance rather than a loss of confidence in the company's fundamentals.