Apr 13, 2020 – Warren Buffett: Mistakes of Omission Are More Costly Than Bad Investments

At the 1998 Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) annual meeting of shareholders, one audience member asked Warren Buffett (Trades, Portfolio) if he could outline the criteria Berkshire uses to decide when to sell a stock.

Buffett’s answer to this complex question was simple. He stated that the best time to sell an investment was “if you need money for something else.”

The best time to sell

Buffett gave this answer because he believed that the most significant mistakes he has made over the years are not bad investments, but “mistakes of omission.” These mistakes don’t show up in Berkshire’s investment returns,

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Wall Street Recommends Buying These 2 Falling Knives

Sell-side analysts on Wall Street recommend to buy shares of Stemline Therapeutics Inc (NASDAQ:STML) and KalVista Pharmaceuticals Inc (NASDAQ:KALV), even though their share prices have lost more than 59% over the past 52 weeks through April 10. Due to such tumbles, these stocks are known as falling knives.

Some investors purchase shares of falling knives because they expect to make impressive gains out of their investment after the share prices rebound. These investors must be aware of the considerable risk that this type of investment implies, which could translate into severe portfolio damages if the underlying business goes bankrupt.

Investors

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The Latest Private Jet Card Comparisons Research Results.


Aman Private Jet Photos

The ongoing uncertainty surrounding the escalating novel Coronavirus outbreak and contagion has shaken the aviation industry. According to a recent Magellan Jets e-mail communication, demand for April 2020 is off 60% from what it was in 2019, all driven by the nationwide commitment to self-quarantine. 

The most recent research about Coronavirus issues relating to UHNW private jet consumers are presented in the recent results of the Private Jet Cards Comparisons Survey.

Doug Gollan, travel and luxury lifestyle journalist and media executive, has built a digital media and consulting company focused on private aviation users. His

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Deutsche Lufthansa AG invites participants to virtual Annual General Meeting

  • Shareholders can submit questions in advance and vote electronically

For the very first time, Deutsche Lufthansa AG invited its shareholders to a virtual Annual General Meeting. Given certain conditions, legislation has made it possible to hold the Annual General Meeting without shareholders being physically present. This decision takes into account the health protection of shareholders, the current physical distancing rules and the economic consequences of the COVID 19 pandemic. 


The 67th Deutsche Lufthansa AG Annual General Meeting is scheduled for 5 May 2020 at 10 a.m. and will be held exclusively virtually for the very first time. Shareholders

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Change on the Supervisory Board of Austrian Airlines

  • Christina Foerster to chair the Supervisory Board as successor to Harry Hohmeister
  • Detlef Kayser succeeds Michael Niggemann as Deputy Chairman
  • The Supervisory Board will continue to consist of six members

Several personnel changes in the composition of the supervisory boards of Lufthansa Group subsidiaries have taken place. This is designed to ensure the required coordination during the coronavirus crisis. Austrian Airlines is also affected by these changes alongside AirPlus, Brussels Airlines, Lufthansa Cargo, Lufthansa Technik, SWISS. The Lufthansa Executive Board members Harry Hohmeister and Michael Niggeman have resigned from their positions on the Supervisory Board of Austrian Airlines AG.

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