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Luv stock price today1/18/2024 ![]() In our estimation and to steal another line, it’s “just plane smart” business. The point is and to steal a phrase made famous by the investing giant, “buying when others are fearful” is now becoming relevant to the conversation in LUV stock. Ouch! Furthermore, infamously backing away from earlier investments in big tech companies such as Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) has proven more than a simple rounding error for his shareholders. A couple critical buy and sell decisions in Disney (NYSE: DIS) over the decades cost Berkshire in the neighborhood of $16 billion in total returns. To state the obvious, other investors have been doing more than just listening to the Oracle of Omaha as it relates to Southwest Airlines, and for that matter, peers American Airlines (NASDAQ: AAL), Delta (NYSE: DAL) and United Airlines (NASDAQ: UAL), whose stocks were also sold by the firm. And in the several sessions which have followed, LUV stock is down an additional 6.50% in bumpy but pressured trading. The pressure was also on top of an already dismal drop of around 45% in shares in 2020. The news was enough to send Southwest Airlines down 5.71% and fresh five-plus year lows in the immediate aftermath. And as most other investors with even a passing interest in the stock market are aware, in early May, his investment firm Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) announced it dumped its entire and massive stake in airliners while warning “the world has changed” after the novel coronavirus. I’ve said it before, Warren Buffett’s longevity is no accident, nor are his famed returns as one of the market’s most revered investors.
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