Warren Buffett devotees are a dime a dozen. I’m no devotee, but I don’t claim to be impervious to his reality distortion field either. I have personally caught myself reasoning with odious statements like “well if Warren Buffett has bought it…“. This is not just mindless lazy thinking. In fact, there have even been academic studies done where investing alongside Buffett AFTER his holdings have been publicly announced still earned 10% more per year than the S&P. I went into GS after Buffett did and made out like crazy coming out of the crisis.
So it is a pretty rare case when following a Buffett trade that investors lose.
Here is the stock price history since listing: