Energy/Industrials: Why is Warren Buffett Investing in Airlines?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 1 December 2016
⏱️ 24 minutes
🧾️ Download transcript
Summary
After nearly three decades of claiming the industry is a terrible place to invest, the Oracle of Omaha recently purchased shares in several major airlines – is this a major shift?
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | Today is Thursday, December 1st, 2016, so we're talking about energy, materials, and industrials. |
| 0:13.5 | I am Sean O'Reilly, and I'm being joined in studio |
| 0:16.0 | by one of our veteran contributing writer analyst, |
| 0:18.4 | Mr. Adam Levine Weinberg. |
| 0:19.8 | How's it going, Adam? |
| 0:21.2 | Great, how are you, Sean? |
| 0:22.4 | Not that. I've had you on the show, you, Sean? Not that. |
| 0:23.0 | I've had you on the show obviously, but you would like Skype in or something. |
| 0:26.2 | So it's wonderful to see you in person. |
| 0:28.0 | It is nice to be here in the flesh. |
| 0:31.0 | So I've been at the Fool for a little over three years and you have been one of not only one of my favorite |
| 0:37.0 | Fool.com writers, but just one of the analysts that I trust the most. |
| 0:40.0 | So I did want to build you up a little bit for our listeners. |
| 0:43.2 | Thank you, I appreciate that. |
| 0:46.0 | So I asked you to join me here today because I wanted to talk about the surprising investments |
| 0:52.0 | recently made by Warren Buffett's Berkshire Hathaway in the airline |
| 0:54.8 | industry, which confounded me to no end. |
| 0:58.2 | But before we cover this story, we've got to talk about the big news of the week, which is OPEC actually pulling off a production cut. |
| 1:06.0 | Did your jaw head the floor? |
| 1:08.0 | A little bit. |
| 1:10.0 | It seemed like it was going that way, but there were a lot of questions about whether OPEC would really get to a final agreement |
... |
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