Buffett -- Berkshire Hathaway -- Airline Stocks -- AAPL -- August 1, 2020

Buffett -- AAPL -- airlines update. Back on March 31, 2020, or thereabouts it was announced that Warren Buffett sold all his airline holdings in his Berkshire Hathaway portfolio. One Yahoo!Finance analyst wrote an article suggesting Buffett had panicked, selling his airline stock at a loss. In fact, that analyst apparently doesn't understand basic investing.

Updating the table below, which I have been doing every so often shows that had Warren Buffett held on to his airlines back on March 31, 2020, instead of selling, those shares would now be worth less than what he sold them for.

The airlines (DAL, UAL, AAL, and SWA):

• value on day he sold his airline stock: $2.7 billion
• most recent values of these airlines: $2.464 billion

Had he taken that $2.7 billion and bought AAPL:

• value of $2.7 billion of newly purchased AAPL on March 31, 2020: $2.7 billion
• most recent value of AAPL: $4.074 billion

The increase in value is incredible. But more importantly, as of August 1, 2020, would you rather have holdings in AAPL or in the four airlines?

	Airline	Shr Price: 3/31/2020	Dollars: 3/31/2020	Shares	Shr Price: July 31, 2020	Total: July 31, 2020
	DAL	28.53	675,000,000	23,659,306	24.97	590,772,871
	UAL	31.55	675,000,000	21,394,612	31.38	671,362,916
	AAL	12.19	675,000,000	55,373,257	11.12	615,750,615
	SWA (LUV)	35.61	675,000,000	18,955,350	30.89	585,530,750
			2,700,000,000			2,463,417,152
	AAPL	254.29	2,700,000,000	10,617,799	425.04	4,512,989,107
						2,049,571,955
						2,463,417,152
						83.20%
March 24, 2020		224		10,617,799		2,378,386,881
July 31, 2020		383.68		10,617,799		4,073,836,958
						1,695,450,077