Warren Buffett: How He Lost So Much on Airline Stocks + What You Should Learn from It

In the Berkshire Hathaway 2020 annual meeting, Warren Buffett explained how he was so "wrong" about the airline industry. Buffett's words provide a great lesson for the way we should prepare our investment portfolios.

TIMESTAMPS:
0:00 - Introduction
0:35 - Why Buffett Sold All His Airline Stocks
6:08 - Where I Disagree with Buffett

LINKS:

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[ChuckDavis]

Back in 1990 Pepsi Co was my main holdings putting in $600 a month for 10yrs in a DRIP Program I set up. By 2000 I decided to diverse because I had slow moving mutual funds. How things have changed and new industries changed the we all invest. These are some of the best videos you put out based on fundamentals of investing. 👏👍🙂

[koolaidsman]

I saw you in the chat on the podcast with graham Kevin jeremy and andre

[lifeforgod]

Hey great video. I thought the same thing about all these industries back when the pandemic initial happened. A lot of these companies are accruing a massive amount of debt that has to be paid back. I don't think the market is really factoring in how long term the effect is going to be. I made my decisions based on who I knew would be successful out of this pandemic - growing companies with strong balance sheets that in theory should benefit out of the changing world.

From the knowledge I learned from all my studies, your course actually, and the experience I gained from my prior losses in the market, I've had some pretty substantial returns this year. Glad to see you back on youtube. Always thought you provided some great, substantive content