Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
<<Berkshire-Hathaway bought a company that trains corporate pilots (the name excapes me). Buffet has changed his attitude towards aircraft. They even changed the name of the company plane from "The Indefensible" to "The Indespensible".>>

Flightsafety is the name of the company that trains pilots. Berkshire also owns Executive Jet, which essentially sells time-shares on personal jets. Both companies fill a unique market niche and create a lot of value for their customers. Executive Jet offers such fantastic value proposition that Buffett dispensed of "The Indispensible," and bought partial ownership in a jet from Executive Jet. Buffett sees the value of aircraft, but not the value of an airlines business.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.