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Well,Vivian Tu, the entrepreneur behind Your Rich BFF, isnt so sure.
Tu promised she could offer better advice, and that she could do it without insulting people.
Its the same as if you were to invest $1,000 and sell off 15 cents, she explained.
A little research and a lot of context go a long way.
Tu broke down Buffetts decision as a classic case of taking profit.
Warren Buffetts no dummy.
He knows you cant be on a rocket ship forever, she said.
He wanted to lock in those gains.
She speculated that he might need the cash from his U.S. sales to fund those international opportunities.
Based on her own analysis, Tu is planning to make some foreign investments as well.
Smart investors dont pull out of the market and sit on the sidelines in fear, she said.
But they do rebalance their portfolios based on their POV.
They also dont resort to name-calling.
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