Warren Buffett reveals why he dipped into Oracle last year, then quickly exited

Buffett's Berkshire Hathaway disclosed a US$2.1 billion stake in Oracle in the third quarter. By the fourth quarter, that holding had vanished.Andrew Harrer/Bloomberg

Berkshire Hathaway Inc. dipped into Oracle Corp. last year, then quickly sold off the shares. The change of heart was by Warren Buffett himself.

“I’ve followed it from the standpoint of reading about it, but I felt I didn’t understand the business,” Buffett said Monday in an interview on CNBC. “Then after I started buying it, I felt I still don’t understand the business. I actually changed my mind in terms of understanding it.”

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