Warren Buffett got burned with an airline investment in the 1990s. He blamed the industry’s notorious low profitability on the “kamikaze pricing tactics of certain carriers” and vowed to not invest in this “death trap” sector again. In fact, he joked that he was an “aeroholic” and that he’d set up a toll-free number for himself that he could call to be talked out of any such temptations.
Warren Buffett Is Betting the Airline Oligopoly Is Here to Stay
When investors own multiple companies in the same industry, competition suffers.
November 17, 2016
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Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Strategy Planning and Execution. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
How to develop a winning strategy—and put it to work.