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

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Billionaire investor Warren Buffett's company sold off stocks in four major U.S. airlines. During an annual meeting Saturday through a live-stream, he called the investments during a pandemic '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.

 

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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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