Episode 67: Did Warren Buffett Just Destroy an Industry?

Hello wonderful people! Today's episode is in direct response to Warren Buffett's annual shareholder meeting of his company Berkshire Hathaway.  On May 2nd, he made an announcement of his company selling his 10% stake of the four major American-based airline companies: American, United, Southwest and Delta airlines.  This announcement caused a huge stir in the investment world- but why?  In this episode, we will:

• Provide context to Warren Buffett's power and why he's so important
• Define and explain the concept of the annual shareholder meeting
• Describe and break down Warren Buffett's annual shareholder meeting
• Delve into the contents of his shareholder meeting
• Answer the big question: Should we invest in airlines??!!

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Music: bensound.com

Resources Used:
https://www.youtube.com/watch?v=69rm13iUUgE

https://www.investopedia.com/articles/investing/062413/peek-shareholder-meetings.asp

https://www.investors.com/news/airline-stocks-boeing-stock-warren-buffett-coronavirus/

https://seekingalpha.com/article/4343571-warren-buffett-is-wrong-airlines

https://seekingalpha.com/article/4343571-warren-buffett-is-wrong-airlines

https://www.berkshirehathaway.com/letters/letters.html

https://www.amazon.com/Intelligent-Investor-Definitive-Investing-Essentials/dp/0060555661