Berkshire's recent new position of DAL
Berkshire opened $2.6bn stake of Delta Airlines.
Mr Buffett himself has tip toed with airlines stock in the airline stocks and there are endless theories arguing both ways about reliability and stability of airline businesses / industry as a whole.
With all due respect to wisdom and strength of the individuals who are entrusted with BRK coffers, I am wondering if this is tactical move due to increasing pressure to put money at work, or is it genuine intent to own a slice of that business.
Any thoughts?
NOTE: This transaction doesnt change my ownership of BRK.B in any way what so ever, however their intent and principles talk volumes.