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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (59903)10/10/2017 10:11:31 PM
From: Graham Osborn  Read Replies (2) of 78751
 
Every now and then the air-oholic stirs in me also. My personal weakness is JBLU, which I flirt with a couple times a year. I have to remind myself that at least 4 investors I have great respect for have been badly burned by airlines:

1) Buffett buying USAir preferred before the string of airline bankruptcies
2) Burry buying a large airline stock position right before 9/11
3) Branson's struggles growing Virgin Air
4) Julian Robertson's giant position in US Air in 2000

Whether I can eschew the forbidden fruit forever remains TBD. But when I do I'm sure I'll regret it.
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