Originally Posted by
Habits
"Berkshire Hathaway Chairman and billionaire value investor Warren Buffett said that the conglomerate has sold the entirety of its equity position in the U.S. airline industry. The prior stake, worth north of $4 billion in December, included positions in United , American , Southwest and Delta Air Lines .2/05/2020"
"Why did Buffett sell airline stocks?
But last spring, the Omaha-based conglomerate sold these holdings for far less than the $7 billion to $8 billion it had paid for them, and Buffett called his decision to invest in air travel a “mistake,” arguing it could take years for airlines to fully recover from Covid-19.1/05/2021"
Buffett said that investing in air travel was a mistake. I would also add that divesting his air travel stocks was a huge mistake at the covid pivot point. One year later airlines had tripled in value. From that you can conclude that investors and instos don't follow Warren to the letter