Warren Buffett’s Berkshire Hathaway sold the «big four» airline stocks in April, the famed investor revealed at Berkshire Hathaway’s annual meeting on Saturday.
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Warren Buffett’s Berkshire Hathaway sold the «big four» airline stocks in April, the famed investor revealed at Berkshire Hathaway’s annual meeting on Saturday.
«It turned out I was wrong,» Buffett said about his decision to invest in the airlines. The companies are well managed and the CEOs «did a lot of things right,» he continued, but «the airline business… changed in a very major way.»
Berkshire’s first-quarter earnings revealed that it sold $6.
