News of Warren Buffett's purchase of $549 million of Kroger (NYSE: KR) stock helped lift the supermarket's shares over 5% last week as investors rushed to follow him.
His track record certainly makes a strong case for copying his every move, but even Buffett expresses regret over purchases he's made. Last year, for example, he admitted to paying too much for Kraft back in 2015, saying as good as the business was, sometimes "you can pay too much for a wonderful business."
That's why, even with Buffett's success, investors shouldn't blindly mimic his every move. So let's see whether his assessment of Kroger is good for you.