David Rosenthal: belief

Transcript context

…Buffett basically sells at the bottom with these airlines and it's interesting because I don't fault him for the sale. It is a very reasonable thing to sell the airlines then because if the government didn't bail them out, they could have all gone to zero. I mean the government was paying some airlines’ payroll to make it through that period. Even though he sold it, I think right around the worst—the bottom, I blame it on the buy. He knew that he even had a comment years before that he had a romantic fascination or like a dirty habit about owning airlines or something like that. He knew when he still did. It’s like you can’t have newspapers anymore, so he wants the airlines. To be fair to Warren, again the scuttlebutt here is and there's some comments to this effect that it actually was I think Ted who first got interested in the airlines and they talked about it. It's just funny, but you can't not make fun of Warren for this one. It's bad. You can chalk this up, so you should've known better.…

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