Lots of good stuff, per usual.https://brooklyninvestor.blogspot.com/I hope everyone is doing ok.-BD
It's kind of funny reading today his section about the good reason Mr Buffett had for dumping the entire airline position at a loss.Yes, it was a good reason--but it's funny because the four airlines are up hugely today. AAL up 26%.As far as I can tell, the market reaction is because they plan to restart some flights--55% capacity in July.It's a long way back from there to steady profits, but we can wish them luck.Jim
Brooklyn Investor: On the 1Q earnings call, MKL said they dumped a few stocks they thought would be hugely affected by Covid-19. Here are the stocks they dumped:Anheuser-Busch Inbev ADR CDK Global Inc Discovery Communications Dollar Tree Inc Hasbro, Inc Kraft Heinz Co Rockwell Automation Inc Scotts Miracle-Gro Co Unilever PLC ADR United Health Group Inc Airlines/travel I get. But don't some of these look like fairly good places to be?What are Markel up to?
Maybe they wanted to raise cash and sold positions they felt were fully valued/overvalued (Dollar Tree, Unilever, UNH) or too much debt (BUD, KFT). I am not familiar with the other companies.I did something similar with my portfolio last month, after the markets soared.
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