Hi Hivers,
I was checking the newsfeed and was quite stunned by the claims made by Warren Buffet.
It seems to me like big guys are setting up traps all over the place to take the money from the poor. Warren claimed that he is uncertain about people traveling after the quarantine period is over and that the airlines right now have way too many planes?
He mentioned that it was the second time buying airline companies and second time he sells it off. The little hint that he made is that if there is an opportunity - he is ready to invest 40-50 billions within the matter of a few days.
Do you believe that the Oracleof Omaha makes the same mistake twice? It is more of a set-up to buy lower and reduce the average purchase cost. There is no doubt that people will travel, there is no doubt that airtravel is the best solution to travel long distance. Well, unless Elon comes up with some futuristic idea which is approved for space travel :)
It is overwhelming how people buy high and sell low. Do not trade based on "famous people advice" as you never know what is happening behind the scenes. Your money is working for them.
Stay safe,
Dakamua