Warren Buffett has sold completely out of IBM (at a loss)

In November 2011, when Berkshire Hathaway announced they invested in IBM, I wrote that it was a big mistake he was making.

Well, on May the 4th, CNBC reported that Warren Buffett says Berkshire Hathaway has sold completely out of IBM:

Buffett says Berkshire has ended a difficult chapter in its investment in IBM while ramping up its stake in Apple.

Well, this is something that took a very long while to happen, much longer than I thought, but it finally did.

Here's IBM's stock price since Nov 2011, and Berkshire has made a sizeable loss on that, or as Buffett puts it: Berkshire has ended a difficult chapter in its investment in IBM.