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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="jacketup" data-source="post: 714100" data-attributes="member: 630"><p>I am amazed at all the people listening to Buffett like he is some kind of god. He is worth listening to, but not to worship. </p><p></p><p>BRK-A holds 2 of the 4 records for largest quarterly losses in history, at number 1 and number 4. That's without adding in BRK-B. Most of its holdings have been S&P 500 businesses. The main thing he proves is that if you hold a large cap long enough you'll probably make money. Or at least that was true until the politicians started their recent supercharged vote buying program. We still don't know where that will end up. </p><p></p><p>I would never invest in airlines. I am not sure why he thought that was a good idea, and the airlines are a big piece of the BRK quarterly losses. Too many friends in the industry have had to change jobs because their airline went bankrupt or was forced to merge due to financial problems. They had to start over at the bottom of the seniority list. Research defunct airlines on Wiki and the list is extremely long. It's an industry without something he preaches--a moat--because there are always pilots and always airplanes available for competition to pop up.</p></blockquote><p></p>
[QUOTE="jacketup, post: 714100, member: 630"] I am amazed at all the people listening to Buffett like he is some kind of god. He is worth listening to, but not to worship. BRK-A holds 2 of the 4 records for largest quarterly losses in history, at number 1 and number 4. That's without adding in BRK-B. Most of its holdings have been S&P 500 businesses. The main thing he proves is that if you hold a large cap long enough you'll probably make money. Or at least that was true until the politicians started their recent supercharged vote buying program. We still don't know where that will end up. I would never invest in airlines. I am not sure why he thought that was a good idea, and the airlines are a big piece of the BRK quarterly losses. Too many friends in the industry have had to change jobs because their airline went bankrupt or was forced to merge due to financial problems. They had to start over at the bottom of the seniority list. Research defunct airlines on Wiki and the list is extremely long. It's an industry without something he preaches--a moat--because there are always pilots and always airplanes available for competition to pop up. [/QUOTE]
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