I learnt hard way about Buffet. Exactly 1 year ago, he exited PetroChina after gaining something like 700% in a few years.PetroChina continued to climb, and buffet said perhaps he sold too early. So I went in thinking I could be smarter than him....PetroChina has since dropped 80% fm peak. He managed to make people like me think he was wrong by exiting too early while smiling all the way to the bank. Hence, ignore his actions at your peril !!!