Warren Buffett believes that there are certain industries and are badly hurt due to the force shutdown, of which airlines are one. Berkshire Hathaway, sold their $4 billion worth stocks the FOUR LARGEST U.S airlines, as he perceives, “world has changed for airlines”.
He said, it had been not the best thing to invest with in the airline industry, which showed up a net quarterly loss of $40bn. He created a vision for the investors explaining, one shouldn’t raise funds towards any company which can eat up money in the future, There were days, people enjoyed making money, all the stock markets were flooded with hopes and expectations of investors at peaks, the response of returns from the market was astonishing.
With in no time, everything changed and with the COVID-19, there are numerous challenges being faced by whole world . Of these warren buffetts, the very best shareholder of Berkshire Hathaway enlightened us speaking at an annual shareholders meeting for his misperception towards investing in the airline trade industry. It was an assumption of great men expressing the developments of the planet of having flying cars by 2020, but these are the times were planes are standing still on runways.
Warren buffett’s strong decision concerning airlines took money out of airlines even at a considerable loss. Down the road ,India is trying to spice up up enthusiasm in investors within the post- COVID world, with aid from making in India with a response to manufacturing units.
This pandemic improved vision for the longer term , made us realize the fabric things do face crests and troughs and also taught us to face strong with deep vision.
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