Warren Buffett once said, "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." It's fair to say that Buffett doesn't think too highly of Wall Street analysts' opinions.

Warren Buffett’s Berkshire Hathaway established new positions in consumer companies Domino’s Pizza and Pool Corp. while mostly selling stocks in the third quarter. The Omaha, Neb., company also slashed its recently established stake in Ulta Beauty and cut its holdings of Capital One Financial and Charter Communications,