It is no secret that Warren Buffett was completely against investing sort of business," owing to its unfavourable characteristics: high-capital requirements to sustain growth, huge fixed costs and commodity pricing leading to losses or very marginal profits at best. But thanks to the fame and glamour associated with being the owner of an airline, many people cannot resist the urge to invest in airline stocks. Even Warren Buffett is embarrassed about his past airline investments and jokingly admits that he is an 'aeroholic' who needs to be constantly talked down wherever he has the urge to invest in airlines.
This story is from the February 2023 edition of Wealth Insight.
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This story is from the February 2023 edition of Wealth Insight.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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