Go Back  FlyerTalk Forums > Miles&Points > Airlines and Mileage Programs > Southwest Airlines | Rapid Rewards
Reload this Page >

Speculation about Warren Buffett? (was clickbait title: Just wondering)

Register
Community
Wiki Posts
Today's Posts
Search

Speculation about Warren Buffett? (was clickbait title: Just wondering)

Thread Tools
 
Search this Thread
 
Old Mar 23, 2020, 10:14 am
  #1  
Original Poster
 
Join Date: May 2007
Location: DFW
Programs: WN A+, AA, HYATT DIAMOND, SPG
Posts: 1,125
Speculation about Warren Buffett? (was clickbait title: Just wondering)
what Warren Buffett's been doing lately.
Last edited by mile ho; Mar 23, 2020 at 10:22 am
mile ho is offline  
Reply
Old Mar 23, 2020, 10:23 am
  #2  
 
Join Date: Oct 2001
Programs: LTP, PP
Posts: 8,698
Probably hibernating and looking to call a bottom, then going to pounce on more shares of the companies he already holds.
joshua362 is offline  
Reply
Old Mar 23, 2020, 10:44 am
  #3  
jmw
 
Join Date: Jan 2003
Location: California
Posts: 1,123
Tons of examples of "Never let a good crisis go to waste" already. Whether its universal income, dealing with 737max from the airline point-of-view, Google getting into bed with government rather than fighting it, Taiwan using big data to deal with the crisis, or you trying to get some home projects done while "working from home". I'm sure Buffet is trying to do the same thing. I hope he doesn't just bottom feed and actually do something more.
jmw is offline  
Reply
Old Mar 23, 2020, 11:51 am
  #4  
Original Poster
 
Join Date: May 2007
Location: DFW
Programs: WN A+, AA, HYATT DIAMOND, SPG
Posts: 1,125
He's long been rumored to be interested in WN. Berkshire has a very large holding already.

I'm buying.
mile ho is offline  
Reply
Old Mar 23, 2020, 12:18 pm
  #5  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: Chicagoland, IL, USA
Programs: WN CP, Hilton Diamond
Posts: 14,174
He has said many many times he would buy in BRK stock hand-over-fist if it got to 1.1x book value.

It is now under .93.

Market cap now $382B and it recently had $128B in cash and near-equivalents.

Guess we will find out if he was telling the truth.
joshua362 likes this.
toomanybooks is online now  
Reply
Old Mar 23, 2020, 6:37 pm
  #6  
Used to be 'Travelergcp'
 
Join Date: Jul 2003
Location: New Orleans
Programs: AA Plat, Marriott Gold, Hyatt Globalist
Posts: 2,826
And I imagine he will, unless he can find something that’s a better deal.
TravelerMSY is offline  
Reply
Old Apr 3, 2020, 5:49 pm
  #7  
 
Join Date: Jun 2011
Location: MCI
Programs: CBP Global Entry, WN A-List Preferred, WN Companion Pass
Posts: 2,007
Berkshire Cuts Delta, Southwest Stakes
Bloomberg
April 3rd, 2020 6:32pm Herb Time


Berkshire Cuts Delta, Southwest Stakes With Airlines in Freefall
steved5480 is offline  
Reply
Old Apr 3, 2020, 7:07 pm
  #8  
FlyerTalk Evangelist
 
Join Date: Sep 2002
Location: Chicagoland, IL, USA
Programs: WN CP, Hilton Diamond
Posts: 14,174
Originally Posted by steved5480
Bloomberg
April 3rd, 2020 6:32pm Herb Time


Berkshire Cuts Delta, Southwest Stakes With Airlines in Freefall
He sold less than 5% of his WN stock. A head fake to get exactly this headline, perhaps preparatory to buying more or bidding for the whole thing. And harvesting a tax loss along the way.
LegalTender, steved5480 and joshua362 like this.
toomanybooks is online now  
Reply
Old Apr 3, 2020, 7:26 pm
  #9  
 
Join Date: Sep 2002
Location: Blue Ridge, GA
Posts: 5,502
To scare people into unloading it.

That way, he can come back in a week or so and get it for even less.
joshua362 likes this.
LegalTender is offline  
Reply
Old May 2, 2020, 6:36 pm
  #10  
 
Join Date: Dec 2006
Location: SNA
Programs: Bonvoy LTTE/AMB, AmEx Plat, National EE, WN A-List, CLEAR+, Covid-19
Posts: 4,963
Originally Posted by mile ho
... what Warren Buffett's been doing lately?
Dumping WN (et al.) like it's on fire right now: https://www.reuters.com/article/us-b...-idUSKBN22E0VP
kennycrudup is offline  
Reply
Old May 3, 2020, 12:45 pm
  #11  
 
Join Date: Sep 2014
Location: Houston, Texas
Posts: 206
It's my understanding that he is completely out of all of his previous positions in American, Delta, LUV and United. Zero shares in any of the four.
TEBraniff is offline  
Reply
Old May 3, 2020, 12:49 pm
  #12  
 
Join Date: Sep 2014
Location: Houston, Texas
Posts: 206
I just checked the charts and all four airlines were considerably higher in the 4th quarter 2019. He saved himself massive further losses if he incurred any at all.
TEBraniff is offline  
Reply



Advanced Search
Reply Closed Thread Share
Forum Jump

Contact Us - Manage Preferences - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.