Warren Buffett Made a Classic Rookie Investing Blunder.
06 Jun 2020, 17:17
đź”´Warren Buffett Made a Classic Rookie Investing Blunder
🔺Warren Buffett – praised as the greatest value investor of our time – appears to have made a classic rookie investing blunder.
Recently Warren Buffet sold all of $8 billion worth Berkshire's holdings in four U.S. airline stocks at “far lower prices”. Industry analysts initially estimated that airline passenger sales could drop as much as $314 billion this year due to global lockdown following the coronavirus pandemic. Despite Buffet expectations, airline stocks are rallying aggressively as the economy reopens and demand bounces back.
#warrenbuffet
#berkshire
#investment
#airline