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Berkshire sells entire stakes in U.S airlines – Buffett

May 3, 2020 admin Comments Off on Berkshire sells entire stakes in U.S airlines – Buffett

The conglomerate had held sizeable positions in the airlines, including an 11% stake in Delta Air Lines, 10% of American Airlines Co, 10% of Southwest Airlines Co and 9% of United Airlines at the end of 2019, according to its annual report and company filings. Buffett said the airline industry’s outlook rapidly changed. Berkshire disclosed on April 3 it had sold about 18% of its Delta stake and 4% of its Southwest shares. …read more […]

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Warren Buffett on not deploying massive cash pile: 'We don’t see anything that attractive to do'

May 3, 2020 admin Comments Off on Warren Buffett on not deploying massive cash pile: 'We don’t see anything that attractive to do'

‘This is a very good time to borrow money, which means it may not be such a great time to lend money. But, it’s good for the country that it’s a good time to borrow money — not good for Berkshire, particularly, although we borrowed some money, so we’ve put our money where our mouth is.’ …read more […]