Stocks

[Shmobaum]

Time? He has always had very long time horizons.

Maybe since he’s super old already he’s turning into a fast money trader...?

[haltkup]

Can you elaborate? I'm not doubting it, just genuinely curious.

My opinion Its more about the politics about the bailout for the industry (i) he is a trump nemesis which could hamper negotiations (ii) the optics of bailing out billionairs (iii) he could have issues with lack of share buybacks which are surly going away (he is a big believer in share buybacks) or a straight up gvt equity position in companies he owns

[Lurker]

You literally proved my point. Am I missing something? Never mentioned bankruptcy

Your point was that he could have left because it would take too long to see a gain. The quotes in the article show he has no faith in the industry's recovery even years out.

[ilherman]

Your point was that he could have left because it would take too long to see a gain. The quotes in the article show he has no faith in the industry's recovery even years out.

I don't think most analysts believe so. Let's say that it takes a year or even two. We better be over this coronavirus business by then or else there will be no world... Considering that in 2 years from now everything is back to normal, why wouldn't the airlines be back?

[Lurker]

I don't think most analysts believe so. Let's say that it takes a year or even two. We better be over this coronavirus business by then or else there will be no world... Considering that in 2 years from now everything is back to normal, why wouldn't the airlines be back?

I haven't seen any analyst say they expect the travel industry to go back to normal. In fact, pretty much everything I've seen predicts major changes to the travel industry.

[EliJelly]

I don't think most analysts believe so. Let's say that it takes a year or even two. We better be over this coronavirus business by then or else there will be no world... Considering that in 2 years from now everything is back to normal, why wouldn't the airlines be back?

He seems to be uncertain of that.

"The airline business, and I may be wrong, and I hope I’m wrong, changed in a major way,” he explained, noting that it has been through no fault of the CEOs of the companies. “I’ve been basically told not to fly,” he added, noting that he may not fly commercial going forward".
“We like those airlines but the world has changed…and I don’t know how it’s changed,”

I don't think that judging peoples's span of short memory is his area of expertise, but he's consistent to his longstanding approach of staying away of what he doesn't comprehend fully.

[ExGingi]

What ever happened to the old adage "how to end up with a small fortune investing in airline stocks?....Start with a large fortune!"

I guess this time tested formula still works, it just took a little longer than it did historically this time around.

[ilherman]

I just saw that in 2017 when he dumped his GE shares the market didn't really care. Curious what's gonna be tomorrow.

[ilherman]

Seems that the Delta and Southwest news is out a while ago and it did not have a real impact.

https://www.fool.com/investing/2020/04/06/warren-buffett-sells-airline-stocks-in-an-abrupt-r.aspx

[Zevwolf]

https://www.marketwatch.com/story/the-stock-markets-rallying-while-the-economys-tanking-it-all-makes-perfect-sense-2020-05-02?mod=home-page

[CountValentine]

https://www.cnn.com/2020/05/02/investing/warren-buffett-berkshire-hathaway-meeting/index.html

[EliJelly]

Devastating affect indeed.

[Lurker]

https://www.marketwatch.com/story/this-year-is-lining-up-exactly-like-the-2000-dot-com-bubble-crash-stocks-will-drop-40-from-here-former-goldman-manager-says-2020-05-04?&mod=home-page

[CountValentine]

https://www.marketwatch.com/story/this-year-is-lining-up-exactly-like-the-2000-dot-com-bubble-crash-stocks-will-drop-40-from-here-former-goldman-manager-says-2020-05-04?&mod=home-page

I think they have every possible scenario covered with all the different predictions. After this over someone will be able to say, see I was right.
I used to do that when I bet the ponies. Bet every horse in the race and I always had the winner.

[ilherman]

Devastating affect indeed.

Nah got much better right after the drop.

[EliJelly]

Nah got much better right after the drop.

Yep I got the perfect timing, witnessed a 15% gain from one second to the other on CAR.

[Abey]

Anyone with thoughts for UBER after the bell ?

[grodnoking]

Should I cash in my airlines? I'm afraid that this country will take many months before opening up and flying goes back to it's original highs, taking some airlines out in the interm. If I cash out now I'll be ahead money wise, but very little.

[Abey]

Should I cash in my airlines? I'm afraid that this country will take many months before opening up and flying goes back to it's original highs, taking some airlines out in the interm. If I cash out now I'll be ahead money wise, but very little.

depending which ones your holding... I think LUV will be back faster then the rest. But ye airlines and travel in general will be feeling the pain for a while

[grodnoking]

depending which ones your holding... I think LUV will be back faster then the rest. But ye airlines and travel in general will be feeling the pain for a while

AAL I'm really nervous about.