Why is Warren Buffett selling stocks?

>Selling at the bottom right at peak fear

This move is puzzling. Has this guy finally lost the touch? Millenials and Gen Xers are not a fearful people, once the restrictions on travel and fun are gone they are all going to rush to book trips. And ofc business trips will continue as usual. I see airliners picking back up without a hitch at the end of the summer.

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>super uptrend at a pace never before seen in history after a dip
>fear

He said he dumped them earlier.

>once the restrictions on travel and fun are gone they are all going to rush to book trips.
kek, this is what Zig Forumstards ACTUALLY believe.
youtu.be/tF1ZIPvFvok
By all means invest everything into airline stocks. Be sure to livestream the aftermath.

You can't just dump billions on the market at once, it takes months to do that.

What the fuck is your stupid youtube video supposed to prove, NEET? Being among the general population of these generations you'd know that they will not go without their travel and vacations under any circumstances. Nobody is scared of this virus anymore, at this point it's just a matter of waiting for the governments to let up.

I've been saying since before the market crash: they should have closed the airports and cruise lines around the world thereby saving the rest of the economy. And now Airlines are fucked anyway.

He's clearly fudding. Wants you to dump too and then he'll buy back the dip. The virus blindsided him and unhappy with not being able to get those gains. He'll make up an excuse like "cure found lol bought back to the moon faggots!"

>talking about immigrants isnt allowed on my Zig Forums!

Fuck I know, how irrelevant is immigration policy amirite?

>you'd know that they will not go without their travel and vacations under any circumstances
Being out of work and behind on essential payments will put a damper on pointless vacations real quick. It's amazing how out of touch you are with the reality of what "opening up" will be like in the coming months. You seem like the NEET in this convo.

You're really fucking special in the head. You need all sides of the travel trajectory to be open for traveling to happen. Except retirees, travelers must register vacations and thus can't randomly go right as corona is over. They'll instead have to wait at least until christmas and most likely until next year. Even if airlines were to restart today and miraculously were at full capacity at all times forever, they will take 4 years to recover according to virtually everyone, from trump to buffett to joe shmoe to airline workers. Airlines in the first place are always in debt even at the best of times and are always weeks without business from bankruptcy.

it isn't about the young people wanting to go on memevacations part its the second part you did mention but ignored
>waiting for governments to let up

if you haven't been paying attention the liberal govs which means all of the eu and half of burgerland were trying to ban flying for the peasants for the environment of course
this virus has given them the perfect excuse to destroy lower class mobility by banning flights and raising taxes hard
this is already happening in europe, the ryanair boss already said his company is about to die and cheap airtravel is a thing of the past
and without all the euro passengers all the global airlines will be in deep shit considering their small margins nowadays

Book trips. Yeah, nerds will burnout gf momy librarians.

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Waitresses and hairstylists weren't the backbone of the air travel economy retard

>everyone is saying airlines are going to take forever to recover, therefore the best investing advice is to take the casual, predominant opinion and dump billions worth of stock off of it

Buffet isn't stupid, he's FUDDing. He wants to buy back in. This industry isn't going anywhere and this crisis doesn't exact fundamental change even if it means pain for a year.

It certainly couldn't just be the old fuck is senile and irrelevant. Fucking sheep with your head so far up an old man's ass his oring is touching your ears.

I don't think I've ever seen a poster as retarded as you in all my 15 years on Zig Forums.

>shitskin migrants
That's not talking about policies. It's just shitting on brown migrants. Don't even pretend you're discussing it at some intellectual level.

>15 years on Zig Forums

That would explain the disconnect from contemporary social mores and habits. Even my most liberal, virtue signalling friends are talking about the trips they're going to book as soon as we're given the green light.

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Easy to do when /biz was buying them up

>because ppl I know are doing it, everyone else is too
Unless you live in like NYC or some other major metropolitan area, the actions of your sample are meaningless. Much like your life.

>Millenials and Gen Xers are not a fearful people, once the restrictions on travel and fun are gone they are all going to rush to book trips.
How are they going to book trips if they have no money to spend on them? Everyone is about to be out of a job, remember?

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go back

Fuckoff NEWFAG