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It's Monday, May 4th. Welcome to Market Foolry. I'm Chris Hill. With me, Mr. Andy Cross, good to see you.

Chris, happy Monday to you.

Happy Monday, happy Star to you? Happy Monday,

happy Star Wars Day for all the nerds out there.

Happy Star Wars Day, fantastic.

I thought about that.

You know, may the fourth be with you.

It is also the Monday after the Berkshire Hathaway meeting and we're going to

get into retail in a little bit but we're going to start with the annual meeting and the headline and there are a few things we're going to get to

but the headline is the airlines that United American Southwest Delta. He sold them all. Cut them all. We knew he was

selling some and at the meeting we learned they're all gone.

Yeah, and actually in the Q1, which is the quarterly annual filing,

he had talked about it, he listed that they sold six and a half billion in equity sales in April and so the assumption was that's, you know, a lot of the airlines, right?

So we knew he was selling them, we knew that he was concerned about them, and clearly this was a sign that he has he lost faith and he he talked a little

bit about the logic Chris he talked about how he admitted a few times that it was a

mistake and it was his mistake and you paid 7 to 8 billion for those four significant

stakes obviously and what he thought was a billion dollars in equity earnings and felt that number

...