Message
*WARREN BUFFET ANNUAL LETTERS*
*1989*
“We have no ability to forecast the economics of airline industry”.
Airlines never creates wealth
*2006* -
“The worst business grows rapidly,
Requires significant capital & then earns little or no money.
Think *Airlines*”
*2017* -
"Warren Buffet invests $5.5 bn in 3 big US Airlines
“We have no ability to forecast the economics of airline industry”.
Airlines never creates wealth
*2006* -
“The worst business grows rapidly,
Requires significant capital & then earns little or no money.
Think *Airlines*”
*2017* -
"Warren Buffet invests $5.5 bn in 3 big US Airlines
*”Investing is continuous learning*
*What was true in the past is not true today*
*What is true today may not be true tomorrow”*
*What was true in the past is not true today*
*What is true today may not be true tomorrow”*
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