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A comment on Warren Buffett’s Berkshire dumps most of Goldman Sachs stake. Parent comment

Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by mxschumacher on Saturday May 16, 2020 @09:43AM (#23203299)
that the tourist sector is in trouble isn't exactly a secret at this point, so additional shorts seem risky.

Avis Budget, a car rental company, does 2/3 of their rentals at airports and they carry a huge amount of debt. The car rental space is extremely competitive as it is and new ride sharing offers don't make things easier. Hertz is already very close to bankruptcy

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Re:Warren Buffett’s Berkshire dumps most of Goldman Sachs stake by tankenmate on Saturday May 16, 2020 @11:38AM (#23204279)
And completing the circle Warren Buffet has a relatively famous saying, "After all, you only find out who is swimming naked when the tide goes out."[0]

[0] Berkshire Hathaway Chairman's Letter (2001)

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