Asset Management

This is why Warren Buffett made a huge mistake selling his airline stocks

Industry insiders at these airlines are buying up shares of their companies

There’s a big debate now about whether Warren Buffett has “lost his touch”. I’m not sure, but here’s one group of people that has little doubt: airline sector insiders.

While Buffett’s Berkshire Hathaway booked substantial losses dumping airlines stocks in the late first-quarter weakness in the sector, insiders at close to half a dozen airlines bought lots of their stock — including the airlines Berkshire sold.

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