All of what you say may be true..but it doesn't anwer my question.If Warren had NO position in KO

would he have bought it when it was trading at 80 bucks? Of course not,he is a value investor and the P/E was thru the roof.And yet he did not sell.

You refer to Warrens style and the fact that he must appease his investors.KO at 80 ain't his style.

Should he have sold stocks at the top..of course not, just the ones that were ridiculously priced

like KO.He is not a "value investor".He is lucky.