Berkshire: -$50 BILLION

[Suhrreal]

Buffett sold all their airline holdings. Is this the Jenga block that topples the market tomorrow?

 

[schuele]

Berkshire started aggressively selling off its airline holdings a month ago:
https://www.fool.com/investing/2020/04/06/warren-buffett-sells-airline-stocks-in-an-abrupt-r.aspx

Company-specific announcements of these sales have varied depending on the percentage of stock owned, but I don't think this is going to come as Earth-shattering news tomorrow on Wall Street.

 

[Redscarlet]

He was quoted he made a mistake buying in Airlines, but that was a easy mistake to make..

He said now they have too many planes and that three, four years from now people will fly as many passenger miles as they did last year.

 

[litespeedhuskerfan_rivals19671]

Airlines can't seem to catch a break. Damn.