A Buffett Disciple Who Sold Micron Too Soon: The Semiconductor Stock Party Has Just Begun—Most People Should Buy the Index

BlockBeats news, June 25: “a disciple of Warren Buffett,” and globally renowned value investor Mohnish Pabrai, once established a position in Micron in 2017, fully exited in September 2023, and only earned about one times; after he exited, Micron’s stock price surged more than 15 times over the following two years, with an estimated roughly $2 billion in missed profits. In his dealings with SK Hynix, he also sold too early. On June 22, in a Korean interview show 《Information Insider》, he looked back on several of the mistakes from his most painful trades: “Very regrettable. I violated my own principles and sold a company that I should have held forever.”

In the program, he advised ordinary investors: “More than 99% of people should directly buy index funds; if you cannot relatively confidently judge a stock’s cash flow for the next 10~20 years, you should not buy individual stocks.” At the same time, public information shows that his current holdings in Q1 2026 are heavily weighted toward cyclical stocks (including coking coal Warrior Met Coal, Transocean RIG, etc.).

When the host asked: “What advice do you have for investors who currently hold Korean semiconductors?” Pabrai replied without hesitation: “If you already hold it, don’t sell. The party has just begun.”