More than A Dozen Reasons Why Investing in Airlines Belongs in the Too Hard Pile
Jan 17, 2016, 3:35 pm
#1
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More than A Dozen Reasons Why Investing in Airlines Belongs in the Too Hard Pile
Interesting article about the merits of investing in the air industry, with thoughts from Munger of Berkshire Hathaway.
http://25iq.com/2016/01/16/more-than...too-hard-pile/
http://25iq.com/2016/01/16/more-than...too-hard-pile/
Jan 17, 2016, 7:03 pm
#3
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another version -- not sure of the source -- is that the best way to leave the airline business with $1M is to start with $100M
Jan 17, 2016, 7:46 pm
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Also the old standard "if you want to make a small fortune in ___, first, start with a large fortune..."
Jan 17, 2016, 8:50 pm
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"Airline pilot unions are really tough. It’s interesting to see people paid as well as airline pilots to have such a tough union."
I liked this sentence. I've always thought of unions as necessary to protect the interests of the blue collar, minimum wage worker who isn't educated / knowledgeable / capable enough to protect him/herself; not the $200-$300k per annum captain.
I liked this sentence. I've always thought of unions as necessary to protect the interests of the blue collar, minimum wage worker who isn't educated / knowledgeable / capable enough to protect him/herself; not the $200-$300k per annum captain.