{"id":240253,"date":"2021-05-01T22:48:00","date_gmt":"2021-05-01T19:48:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/warren-buffett-defends-berkshires-moves-over-pandemic-year\/"},"modified":"2021-05-01T22:48:00","modified_gmt":"2021-05-01T19:48:00","slug":"warren-buffett-defends-berkshires-moves-over-pandemic-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/warren-buffett-defends-berkshires-moves-over-pandemic-year\/","title":{"rendered":"#\n  Warren Buffett defends Berkshire\u2019s moves over pandemic year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a329abca00f7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a329abca00f7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffett-defends-berkshires-moves-over-pandemic-year\/#Buffett_said_the_decision_to_cut_back_on_airlines_reflects_a_belief_about_the_future_of_the_industry_particularly_when_it_comes_to_what_is_likely_to_happen_to_business_travel\" >Buffett said the decision to cut back on airlines reflects a belief about the future of the industry, particularly when it comes to what is likely to happen to business travel<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/warren-buffett-defends-berkshires-moves-over-pandemic-year\/#Jenna_Telesca_Geoffrey_Rogow\" >Jenna Telesca Geoffrey Rogow<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Warren Buffett defends Berkshire\u2019s moves over pandemic year<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Buffett_said_the_decision_to_cut_back_on_airlines_reflects_a_belief_about_the_future_of_the_industry_particularly_when_it_comes_to_what_is_likely_to_happen_to_business_travel\"><\/span>\n  Buffett said the decision to cut back on airlines reflects a belief about the future of the industry, particularly when it comes to what is likely to happen to business travel<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000253846\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Berkshire Hathaway Inc. Chairman and Chief Executive Warren Buffett on Saturday defended the company\u2019s investments over the past year as the coronavirus pandemic initially drove a plummet in stocks, before the market turned around and surged to record highs.<\/p>\n<p> A year ago, as the pandemic took hold, Buffett sold all of his holdings in major airlines. He also lowered his stakes in several banking firms and didn\u2019t make any large acquisitions even as markets were falling sharply. Since then, the airline industry has been one of the largest to bounce back and the broader market has surged. Shareholders have questioned whether Buffett was active enough during a potentially opportunistic time.<\/p>\n<div class=\"paywall\">\n       \u201cI don\u2019t consider it a great moment in Berkshire\u2019s history but we have more net worth than any company on Earth,\u201d he said. \u201cAnd I still don\u2019t want to own the airline business.\u201d <\/p>\n<p>Buffett said the decision to cut back on airlines reflects a broader belief about the future of the industry, particularly when it comes to what is likely to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en to business <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>.<\/p>\n<p>Buffett also addressed several other questions Saturday, including the decision to hold the meeting in Los Angeles and commented on the company\u2019s quarterly earnings.<\/p>\n<p>As the 90-year-old Buffett and his 97-year-old business partner Charlie Munger advance in age, succession has become a more important topic for shareholders. Some investors have asked to hear more from Buffett\u2019s potential successors and vice chairmen Ajit Jain and Greg Abel, who respectively oversee the firm\u2019s insurance business and operations. Both men joined Buffett and Munger in Los Angeles.<\/p>\n<p>With millions of Americans unemployed, Buffett spent much of the 2020 meeting emphasizing the economy\u2019s ability to bounce back from adversity. A year later, Buffett is speaking as the U.S. economy has broadly improved and 30% of Americans are fully vaccinated against the coronavirus. <\/p>\n<p>Still, Berkshire<br \/>\n        BRK.B,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/200060694\/composite\" class=\"negative\">-0.95%<\/bg-quote><br \/>\n       faces some heightened pressure this year. Some of its shareholders want the conglomerate to bring in new directors and disclose more information on climate risks and executive pay. The company\u2019s returns have trailed the S&amp;P 500 for the past five-year period.<\/p>\n<p>Berkshire\u2019s Class A<br \/>\n        BRK.A,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208872451\/composite\" class=\"negative\">-1.29%<\/bg-quote><br \/>\n      s hares closed Friday at $412,500, a decline of 1.3%.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/warren-buffett-set-to-discuss-pandemic-markets-at-berkshires-annual-meeting-11619887342?mod=mktw\" class=\"icon none\">An expanded version of this story appears on WSJ.com.<\/a><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jenna Telesca Geoffrey Rogow\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jenna_Telesca_Geoffrey_Rogow\"><\/span>Jenna Telesca Geoffrey Rogow<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21005575-02D4-D4B5-4572-D3DF968C60A9%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Warren Buffett defends Berkshire\u2019s moves over pandemic year &#8221; Buffett said the decision to cut back on airlines reflects a belief about the future of the industry, particularly when it comes to what is likely to happen to business travel Berkshire Hathaway Inc. Chairman and Chief Executive Warren Buffett on Saturday defended the company\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":240254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-240253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/240253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=240253"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/240253\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/240254"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=240253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=240253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=240253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}