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Buffett was on CNBC in Feb 2017, shortly after disclosing the Apple and airlines position.

“It’s been a disaster for capital”
“It’s a very tough business”
“It can be brutal”
“We‘ll see how it turns out”

cnbc.com/2017/02/27/bil…
“Was Charlie on board with this decision”
Who knows why BRK is selling. Maybe it’s Ted or Todd. Maybe he wants to buy all of United. But always struck me as a strange one for him.
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modest proposal
@modestproposal1
Bunch of AWS customers including "one of AWS's largest" are asking for payment breaks.

Lyft has guaranteed minimum $80M a year payments to AWS, so would assume they are the referenced ride sharing customer here.
"Customers in a wide range of industry segments have asked Microsoft for financial help since the beginning of March"
With people asking AWS/Azure for relief, worth rereading Gavin's piece below
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modest proposal
@modestproposal1
Having a coffee, watching the sunrise with my daughter and reading angry rantings of people convinced we could put 25% of the US economy through Ch 11 without hurting the working class. However good intentioned (or not) it may be, it completely misunderstands how the world works.
We have the same conversations on this platform like clockwork. Unfortunately.
I have read Mises and Rothbard and Hayek. Many who don’t realize become implicitly Austrian in times of crisis. The famous critique of communism applies: “Great idea. Wrong species.”
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modest proposal
@modestproposal1
Actual example of predicting rain doesn't count, building arks does
A simpler way to think about the "stub" is that $25/shr is $2.2B market value, less than $2.3B in net cash IAC will have.

So you are buying Barry Diller at a discount to cash.
"Like all commodities, pessimism and optimism are both most useful when in short supply. When I look around at our businesses, our employees and our opportunity, I’m one for optimism."

ir.iac.com/static-files/c…
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