Warren Buffett says Berkshire sold all its airline stocks because of the coronavirus

[Bugsy]

Buffett WAS the greatest, but he hasn't had an edge since 1998. He's too old and too wedded to holding no matter how absurdly overpriced his assets are (KO). Peter Lynch wisely retired before losing it.

It doesn't matter. People buy and sell based on Kramers words and other shite analysts in the industry cratering stocks, you don't think they would for Buffet at an even greater rate? His company produces nothing but buying and selling stocks and is worth billions. His name and words carry weight.

 

[ScroogeMcDuck]

It doesn't matter. People buy and sell based on Kramers words and other shite analysts in the industry cratering stocks, you don't think they would for Buffet at an even greater rate? His company produces nothing but buying and selling stocks and is worth billions. His name and words carry weight.

I don't disagree.

 

[systematictrader]

I got spirit for $10, and DCF says it's worth at least triple that given any plausible amount of losses this year.

They're the low cost provider, like walmart / costco / standard oil. Big margins despite having the lowest prices. The inefficient+unprofitable airlines will die first leaving more market share for spirit. Same reason I should never have shorted XOM.

When and why did you short xom?

 

[systematictrader]

The news came out a few hours ago that Buffet sold all his airline stocks. This is akin to buffet tweeting "Airlines stock prices are too high, imo"

Hhahahahaha
Good one

 

[systematictrader]

I had been waiting to buy BA. The airlines might drag BA with them and I'll be able to get in at a cheap price soon.

What does boeing do or make besides planes ?

 

[eastern_warrior]

What does boeing do or make besides planes ?

Are you serious? https://www.boeing.com/company/

 

[Overnight]

What does boeing do or make besides planes ?

They make all the replacement parts that are needed to keep the largest percentage share of airplanes in the sky?

 

[systematictrader]

Are you serious? https://www.boeing.com/company/

So airplanes and bunch of military stuff
2 things

and were not at war

altho there is a thirty that trunp will declare war on china to save economy, stay president, and blame them for covid

 

[systematictrader]

They make all the replacement parts that are needed to keep the largest percentage share of airplanes in the sky?

your asking me or telling me?

 

[Overnight]

your asking me or telling me?

I responded to your question with a question. Like...What?

"What does boeing do or make besides planes ?"

Like, "They make all the replacement parts that are needed to keep the largest percentage share of airplanes in the sky?"

It's a valley-girl thing, from California. Like, oh migAWD!