I can only say what I would do in that case. Firstly, I would not have bought airline stocks. Secondly, at the onset of the pandemic, I would have booked losses and sold, exactly what Buffett did.
Hindsight is always 20-20. It is easy to say now after 2.5 years that the airline industry is back again, but at that time, there was no understanding of the severity of the impact and how long the distress would last.
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