warren buffett

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Warren Buffett’s Advice To The CEO Of American Express

May 30 2020

It’s important to define who you are, and tell that to your customers. It’s also important to tell that to your employees, so they know how to make decisions inside the company.

Apple can focus on creative types, empowering them to pursue their missions and dreams. Nike can celebrate great athletes. Very few companies have been able to create a clear purpose that customers associate the way American Express has. Without that brand American Express might as well be Discover.

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Warren Buffett Walks Away From U.S. Airlines

depressed businessman leaning his head below a bad stock market chart
May 03 2020

Warren Buffett owned about 10% each of Delta, Southwest Airlines, American and a little bit less of United. He wound up with a bit over 10% of Delta – his biggest airline position – by accident when he was buying as Delta was buying back shares. It was rumored a year ago he was going to acquire Southwest Airlines in its entirety.

Buffett has now unwinded them all and walked away from the industry.

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