Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake
Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.
One of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.
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Source Fool.com
