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Apparently Warren Buffet has changed his mind in recent years and invested in airlines. Largely because of what you describe: consolidation means people have no
by untog 10y ago
Apparently Warren Buffet has changed his mind in recent years and invested in airlines. Largely because of what you describe: consolidation means people have no choice but to use them.
- ryanmarsh 10y agoThat kind of proves my point.
- tanderson92 10y agoHe's smart so he bought other airlines as well. As Matt Levine pointed out today, while Buffett lost money on UAL yesterday, he more than made up for it with gains in other airlines which were up on the news. He said: "Boycotting United to fly another airline is just what United's index-fund owners want you to do"