Originally Posted by demosthenes1

I thought one of more interesting moments at this year's Berkshire meeting happened when Bill Miller stood up to ask a question. To paraphrase, he pointed out that Warren and Charlie had changed their long held beliefs about railroads, and he wondered if they thought that similar trends were now making airlines attractive.

I thought the question was interesting because it showed that Miller was clearly thinking about the industry, which is confirmed by his comments today. I also thought it was interesting because Warren and Charlie absolutely refused to bite. They acted like they hadn't thought about the industry at all.