Why Warren Buffett Sold 100% of His 4 Airline Stocks
Be Wealthy & Smart
Linda P. Jones
4.8 • 883 Ratings
🗓️ 4 May 2020
⏱️ 18 minutes
🧾️ Download transcript
Summary
Learn why Warren Buffett sold all of his airline stocks and what he didn't say in his explanation.
This is a follow up podcast to an earlier episode about Buffett selling his Delta airlines shares.
The article is here.
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Transcript
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| 0:00.0 | Be wealthy and smart, episode 717. If y'all know what I mean put your hands up and declare with me |
| 0:13.8 | Yeah, I'm full of faith I'm gonna live a good life I'm gonna live a good life |
| 0:21.1 | beautiful and glorious life Step into a world of wealth and wealth and financial freedom without budgets, boredom or bosses on |
| 0:31.4 | be wealthy and smart. And now here's your host, Linda P. Jones. |
| 0:37.0 | Welcome to Be Wealthy and Smart. I'm Linda P. Jones, America's Wealth Mentor, |
| 0:42.0 | Empowering Women and Men Worldwide to Financial Freedom. |
| 0:45.3 | On today's show, we're going to talk about why Warren Buffett sold 100% of his |
| 0:55.0 | airline. |
| 0:56.0 | Warren Buffett sold off part of his airline holdings |
| 1:00.0 | and a lot of people were very surprised by that |
| 1:02.0 | because Warren Buffett is known as a person who |
| 1:05.6 | when the chips are down and there's more value to be had and he can buy it lower prices, |
| 1:10.8 | he usually takes advantage of that. |
| 1:13.0 | So for him to be selling when prices are down, well, that's just downright shocking. |
| 1:19.0 | But there also is a new rule where you have to mark to market and that means that he had to take a |
| 1:26.8 | 50 billion dollar loss because of that mark to market rule. |
| 1:32.3 | So this was not a fun time. of that |
| 1:35.0 | because of that mark-to-market rule. So, this was not a fun time for Mr. Buffett. And recently, he was holding his Berkshire Hathaway shareholder meeting online, and he gave some details about why he sold the |
| 1:46.7 | airlines so we're going to talk about that and I'm going to give you my insights |
| 1:50.8 | as to why I think he really sold the airlines, reading between the lines, and maybe |
| 1:57.6 | adapting his investment style to where we are now, and giving you a little bit more insight than maybe what he said |
| 2:06.8 | or was able to say at this time. |
... |
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