I don't think this is the "end of brick and mortar" which doesn't mean it's a bad idea for Buffett to sell. If you look at the holdings, Walmart doesn't really

I don't think this is the "end of brick and mortar" which doesn't mean it's a bad idea for Buffett to sell. If you look at the holdings, Walmart doesn't really fit with the rest of the business and isn't likely to grow anymore like it has in the past. Especially, when you consider that they haven't been able to get much of a foothold overseas. So the question then is hold or sell for Buffett. Clearly, he think's it's more likely to stagnate rather than pay a steady dividend and make more cash for the rest of the business, so it's sell. IMO, Walmart's going to have more consolidation ahead and may not make the margins they were, but they're also the only game in town for a large part of America. And they will be until we get better broadband through much of the U.S.