Ever since the "story" broke, I've been posting updates every so often.
From July 11, 2020:
Buffett And The Airline Stock He Sold
Back on March 23, 2020, a senior analyst for some firm said that Warren
Buffett panicked when he sold his airlines. That analyst did not know a
basic rule of investing. LOL.
So, where does Berkshire Hathaway stand today if Warren Buffett
re-invested all proceeds from the four airlines he sold, back into AAPL:
|
Airline
|
Shr Price: 3/31/2020
|
Dollars: 3/31/2020
|
Shares
|
Shr Price: July 10, 2020
|
Total: July 10, 2020
|
|
DAL
|
28.53
|
675,000,000
|
23,659,306
|
27.09
|
640,930,599
|
|
UAL
|
31.55
|
675,000,000
|
21,394,612
|
32.67
|
698,961,965
|
|
AAL
|
12.19
|
675,000,000
|
55,373,257
|
11.94
|
661,156,686
|
|
SWA (LUV)
|
35.61
|
675,000,000
|
18,955,350
|
33.22
|
629,696,714
|
|
|
|
2,700,000,000
|
|
|
2,630,745,965
|
|
|
|
|
|
|
|
|
AAPL
|
254.29
|
2,700,000,000
|
10,617,799
|
383.68
|
4,073,836,958
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,443,090,993
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,630,745,965
|
|
|
|
|
|
|
54.85%
|
|
|
|
|
|
|
|
March 24, 2020
|
|
224
|
|
10,617,799
|
|
2,378,386,881
|
July 10, 2020
|
|
383.68
|
|
10,617,799
|
|
4,073,836,958
|
|
|
|
|
|
|
1,695,450,077
|
Hypothetical numbers:
- on/about March 31, 2020, proceeds from sale of the four airlines: $2.7 billion
- July 11, 2020, those four holdings would be worth: $2.63 billion
- had Buffett taken that $2.7 billion and purchased $2.7 billion of
AAPL shares back in March, they would be worth $4.074 billion, a 51%
increase in value vs a further loss in the value of those airline
stocks.
Now, this from
Fox Business:
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