Buffett, airlines, and AAPL: I remember the incredibly "bad" article that an analyst wrote back in April, or thereabouts, saying Buffett panicked when he sold his airline stocks earlier this year. What a joke. I post this spreadsheet every so often. Had Buffett kept his airline stocks, between March 31, 2020, and today, August 31, 2020, he would have "made" $250 million. By selling his airline shares (in all four companies) and buying AAPL instead, he would have made $3.2 billion. And, on top of that, he would be holding "more" AAPL shares and no airline stocks. What would you rather have today: shares in AAPL or shares in AAL?
August 31, 2020 |
Airline |
Shr Price: 3/31/2020 |
Dollars: 3/31/2020 |
Shares |
Shr Price: August 31, 2020 |
Total: August 31, 2020 |
|
DAL |
28.53 |
675,000,000 |
23,659,306 |
31.05 |
734,621,451 |
|
UAL |
31.55 |
675,000,000 |
21,394,612 |
36.18 |
774,057,052 |
|
AAL |
12.19 |
675,000,000 |
55,373,257 |
13.15 |
728,158,326 |
|
SWA (LUV) |
35.61 |
675,000,000 |
18,955,350 |
37.86 |
717,649,537 |
|
|
|
2,700,000,000 |
|
|
2,954,486,367 |
|
|
|
|
|
|
|
|
AAPL |
254.29 |
2,700,000,000 |
10,617,799 |
458.43 |
4,867,517,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
1,913,031,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,954,486,367 |
|
|
|
|
|
|
64.75% |
|
|
|
|
|
|
|
March 24, 2020 |
|
224 |
|
10,617,799 |
|
2,378,386,881 |
8/31/2020 |
|
523.04 |
|
10,617,799 |
|
5,553,533,367 |
|
|
|
|
|
|
3,175,146,486 |
********************************
Father Knows Best
This clip will mean nothing to you unless you've seen Sling Blade or are familiar with the movie. There are a series of video clips in which a father films himself and his family going through various drive-through fast food restaurants and he orders "Sling Blade" style.
This particular clip is particularly precious. Watch the reaction of his older daughter in the back seat, behind her mother, when the father takes off his cap and sunglasses in preparation for what is about to follow.
I'll bet you will watch this clip -- at least the beginning -- more than once.
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