You literally could not get a more clear sign of what's ahead for the entire airline industry. Buffet didn't even sell everything in 2008-09, and even now he won't say he expects a turnaround anytime soon.
RIP Airline industry.
https://www.cnbc.com/2020/05/02/warren-buffett-says-berkshire-sold-its-entire-position-in-airlines-because-of-the-coronavirus.html
"You think Warren Buffett is REALLY going to tell you his strategy??"
He's not telling us his strategy door-knob, he's telling us what he did months ago now that it's too late for us to act on it. This is a COMMON tactic of the big market players btw. which you wouldn't know b/c you don't know the first thing about markets and can't even see that he's not telling us his strategy, he's giving us yesterday's news.
"Buffett would not sell his stocks in airlines. He is not in the business of buying high and selling low.
If he sold now, he'd lose a sh– ton. You don't actually lose money until you sell.
So take your c-ap post and STFU"
This meat-heat thinks he sold them yesterday, so he assumes it could not be true b/c stocks are lower. It never occurs to his pea brain that Buffet could've sold them months ago and is announcing it now. This is why some people are destined for poverty and confusion, they lack common sense and the ability to think.
1qww+14LhnoxN I’m hoping a lot of people didn’t go in on Boeing stock for their retirement in favor of a more traditional portfolio. To have a large chunk in one single stock is just irresponsible
Experience a large drop in your vip due to Boeing stock, that money is gone forever.
He sold all his positions in December and way to early to even look at a company like Boeing’
Yeah, you keep believing the illusion that you dont lose money till you sell. They just tell you that so you hold on to your stocks as they continue to drop in value.
Buffett would not sell his stocks in airlines. He is not in the business of buying high and selling low.
If he sold now, he'd lose a sh– ton. You don't actually lose money until you sell.
So take your c-ap post and STFU
You think Warren Buffett is REALLY going to tell you his strategy??
That means he's actually going to start buying airline stocks slowly.
Shsuwiais
Tax the rich! Screw buffet!