But... the Oracle of Omaha? He didn’t see this coming? It was so obvious a caveman could see it..
LOL! The Oracle is a good investor but he also has lots of advantages over the rest of us. He also got stuck in his old school niche and missed a lot of opportunitites over the last ten or so years. I think he would probably admit that.
There is definitely going to be a shakeout in the industry. The question is, how many airlines will still be standing when this is over?
Let’s say that we are in a worst crisis in many decades but Berkshire still costs three times as much as its 2008-2009 lows.