Originally Posted by
Dingleberry Handpump
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.
Yes indeed::
Buffett's Berkshire takes stakes in four major airlines (cnbc.com)
I previously thought that Buffet only invested in airline stocks after the initial impact of Covid and expecting defeat of the disease. In fact we see that he had previously going back many years invested in airline stocks.
Nevertheless ,those of us in the know , know the old adage:
How to make a small fortune? Answer is Start with a big fortune and invest in an airline.