巴菲特2025年第三季度大幅减持D.R.霍顿的可能动机

Group 1 - D.R. Horton (DHI) reduced its holdings by $199 million in Q3 and has completely exited its position [1][2] - The company initially invested in Q3 2023, betting on a recovery in housing demand; however, since the second half of 2024, even with declining interest rates, the real estate stocks have not shown a strong rebound [1][2] - The motivation behind the divestment was to cut losses and execute a tactical retreat, reflecting Warren Buffett's principle of not being overly attached to investments [1][3]