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Then why isn't the price already zero for all stocks on the market? Surely the same uncertainty applies to many or most of the companies Berkshire owns. Why ha

by jjeaff 7y ago

Then why isn't the price already zero for all stocks on the market? Surely the same uncertainty applies to many or most of the companies Berkshire owns. Why haven't they fully divested their entire portfolio? Restaurants are closed, why haven't they fully sold off Dairy Queen?

Daishiman 7y ago
Selling off an asset also means that you're assuming its value will go down, which assumes some level of certainty over your position. This is not necessarily a safe assumption.
- jjeaff 7y ago
  Right. Which leads us back to my original assertion, which was that it seems rash to be selling off all of your airline stock considering we know so little right now.