They Must Be Reading The Blog -- July 19, 2020

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: