Wiser Wealth Management Blog


Investors betting against Warren Buffett

At the recent Berkshire Hathaway annual shareholders’ meeting, Warren Buffett virtually announced he was selling all of his airline positions stating, “The world changed for airlines.” Although usually a long-term investor, he projects the airline industry will not turn around for at least the next four years. “Our airlines position was a mistake” he stated. The coronavirus pandemic has hit the airline industry the hardest.  Airlines are operating at 90% less capacity. They have accepted government bailouts in order to avoid potential bankruptcies and there

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