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Scoutmaster
No double standards
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quote:
Originally posted by JALLEN:
Warren Buffett has claimed that all the money invested in commercial scheduled airline passenger service since the Wright Brothers has been lost.

Not only no return ON investment, no return OF investment.

He claimed he had an 800 number to call when he throught of investing in airlines, 1-800-Just-Say-No.

The last few years, he has changed his mind apparently, as Berkshire has pretty sizeable stakes in Southwest, among others.


Southwest has been a bit of an anomoly. IIRC some years ago a quite influential US Congressman called the chairman/founder of Southwest wanting a seat for his son on an already fully booked flight. The CEO told the critter "tell him to buy a ticket on an available flight". I don't see that happening today.



"Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it"
- Judge Learned Hand, May 1944
 
Posts: 30668 | Location: UT | Registered: November 11, 2003Reply With QuoteReport This Post
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