Originally Posted by
Bueno Hombre
Warren Buffet said Several times earlier in his career he had warned against investing in airlines. “The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money,” Buffett said. “Think airlines.”
So why does Swire continue to support this ultimately doomed airline?
First loss is the best loss. Close it down and put everyone out of their misery.
Hypocrisy from the old goat. WB was the second largest shareholder in the USA majors, behind one hedge fund. They both had huge positions in all 4. He sold (badly) after the Covid stock collapse.
Despite his decades-long investment in airlines, he has had billions and billions in long positions for a long time.