Taking some chips off the table: What is behind Berkshire Hathaway's TSMC U-turn?

Caution in semiconductor industry

Warren Buffett's famous quote: "If you are not willing to own a stock for ten years, do not even think about owning it for ten minutes," has become a guiding principle for many long-term investors.

However, the recent actions of Berkshire Hathaway (BH) have left investors wondering if the firm is changing its approach with the recent fresh faces at the helm.  BH, renowned for its long-term investment horizon and impressive portfolio, made a significant $4bn investment in Taiwan Semiconductor (TSMC), making it the ninth largest holding in their portfolio. Surprisingly, just three months later, the firm sold 86% of its holdings, an unprecedented move for the investment giant. BH has always been associated with its "forever" investment strategy, where it holds stocks for the lon...