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03-05-2020, 08:11 AM
#16911
Our man Cam worried about huge job losses and falling house prices
@CamWallace_NZ
Yes, and plenty of discretionary consumer spending, including unfortunately travel, is generated via the wealth effect driven by the residential housing market.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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03-05-2020, 02:26 PM
#16912
Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.
Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.
(Disc - don't hold AIR.)
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03-05-2020, 10:40 PM
#16913
Originally Posted by Left field
Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.
Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.
(Disc - don't hold AIR.)
There are some quite pertinent quotes in that article, like this one:
“We made that decision in terms of the airline business. We took money out of the business basically even at a substantial loss,” Buffett said. “We will not fund a company that — where we think that it is going to chew up money in the future.”
Interestingly, Delta is only about 50% off this year's high...not that dissimilar to AIR. Haven't looked at that the others.
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03-05-2020, 11:44 PM
#16914
Junior Member
If Buffett has made an industry wide call, the Sharesies warriors will be out dumping tomorrow. Air NZ is kill confirmed.
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04-05-2020, 01:21 AM
#16915
Originally Posted by Left field
Warren Buffet on their recent sale of BH's entire stakes in USA airlines. See it here.
Stating the obvious IMHO, but perhaps news to many USA investors who can't see anything beyond the USA borders.
The Sage of Omaha old Warren has popped the canopy and pulled the ejector seat cord on the airline industry.
I wonder if our captain of industry Robbo has the smarts to do the same with Cullen Airlines.
Boop boop de do
Marilyn
Diamonds are a girls best friend.
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04-05-2020, 02:06 AM
#16916
I told him when he was thinking of buying them:
"Warren", I said, "You will never make your money back".
But did he listen?
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04-05-2020, 07:43 AM
#16917
Member
Originally Posted by STONKS_ONLY_GO_UP
If Buffett has made an industry wide call, the Sharesies warriors will be out dumping tomorrow. Air NZ is kill confirmed.
Team Sharesies may find it is a lot easier to 'play Buffet' when the market is going up than when it is going down.
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04-05-2020, 11:15 AM
#16918
i seem to recall ironically quoting when I heard Buffet getting into airlines 'coz this time its different'
For clarity, nothing I say is advice....
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04-05-2020, 11:21 AM
#16919
FROM 2006 just to back up my point
Originally Posted by peat
The airline industry is something I would not advise most people to be exposed to in any portfolio, super high beta factors, too many unpredictables, and thin margins that blow up in a nanosecond.
For clarity, nothing I say is advice....
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04-05-2020, 11:35 AM
#16920
Originally Posted by peat
i seem to recall ironically quoting when I heard Buffet getting into airlines 'coz this time its different'
2007 he said that airlines should have been shot at birth (actually the first flight should have been shot out of the air), 2016 they are great and I'm buying, 2020 they are dead in the water and getting rid of them.
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