Why Airline Stocks Are a Bad Deal

A bit of advice about airline stocks: Avoid them. I know it’s hard. Warren Buffett once joked about his own addiction, saying, “I’m Warren, and I’m an aeroholic.” Buffett’s mentor, the scholar and investor Benjamin Graham, was right from the start. He wrote in 1949 that it was clear that the airline industry would take off, but that did not make airline stocks a good investment.

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