Warren Buffett sells airline stocks, says buying into the pandemic-stricken industry was a mistake

Some prospectors thought airline stocks would take off during the COVID-19 pandemic. Among those was billionaire investor Warren Buffett, who announced Saturday that it was a"mistake" to make such a gamble during the pandemic.

During a live-streamed podcast Saturday for Berkshire Hathaway's annual meeting, Buffett said it"was a mistake" to invest so much into airlines during a time when travel has dwindled because so many people are under"stay at home" orders.

Warren was wrong to sell.

No, Warren Buffett was not wrong to invest in the airlines. What he did wrong was to jump in too early, and to panic soon afterwards. His airline investment would have been his most successful one, if he had a longer time patience

Hypocrite.

👀

Ya think?

Et tu Warren? Et tu?

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Warren Buffett, Berkshire Hathaway sold its airline stocks in April - Business InsiderWarren Buffett's Berkshire Hathaway ditched the 'big four' airline stocks in April, driving $6.1 billion in stock sales Don’t be too harsh on yourself if you make terrible stock pick. Even Buffett do that and make a U-turn. why drop those aerial moguls’ stocks now? jmyers42 lccc141
Source: BusinessInsider - 🏆 729. / 51 Read more »