Warren Buffett's Berkshire Hathaway Increases Delta Stake During Market Sell-Off
One of Warren Buffett's signature catch phrases is "be greedy when others are fearful." Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) put Buffett's philosophy to work during last week's market plunge, boosting its stake in Delta Air Lines (NYSE: DAL) following the airline stock's 20%-plus fall.
Airline stocks have been among the hardest hit by the COVID-19-related sell-off, with investors worried that concerns about the novel coronavirus will eat into travel demand heading into the peak U.S. summer vacation season. Many large corporations have also suspended non-essential travel.
Image source: Delta Air Lines.
Source Fool.com
