RE:WALK LIKE AN EGYPTIONMan, are you dumb. Not only you can't spell, you can't read.
Berkshire Hathaway Inc. has sold its stakes in the four largest U.S. airline companies, Warren Buffett, the owner of the conglomerate holding company, told shareholders on Saturday.
Berkshire Hathaway held an 11 percent stake in Delta Air Lines, 10 percent of American Airlines and Southwest Airlines, and 9 percent of United Airlines, making it one of the largest holders in those companies, according to Reuters. The company had invested around $7 billion or $8 billion in the four companies, Buffett said.
Citing the outbreak of the novel coronavirus and what it's done to demand for air travel, Buffett said that he decided to sell those stakes because he concluded he'd made a "mistake in valuing."