Billionaire investor Warren Buffett's company sold off stocks in four major U.S. airlines. During an annual meeting Saturday through a live-stream, he called the investments during a pandemic 'a mistake.'
Some prospectors thought airline stocks would take off during the COVID-19 pandemic. Among those was billionaire investor Warren Buffett, who announced Saturday that it was a"mistake" to make such a gamble during the pandemic.
During a live-streamed podcast Saturday for Berkshire Hathaway's annual meeting, Buffett said it"was a mistake" to invest so much into airlines during a time when travel has dwindled because so many people are under"stay at home" orders.
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