Subject: Re: Single-company investment risk
Follow up question: That isn't admitting that he made a mistake, is it?

Bing AI: Yes, it is. He said that he had sold all of the company's airline stocks and that coronavirus had changed the business in a 'very major way.' This statement implies that he made a mistake by selling his airline stocks during the COVID-19 pandemic.


Your follow up question is spot on: clearly, Buffet has admitted to an error, but it is not what chatGPT says it was. Buffett admitted that investing in the airlines was a mistake, but he has not yet admitted that uncharacteristically selling them at their trough evaluations in the teeth of the pandemic (blood in the streets) was a mistake. In other words, he has admitted to making one mistake (buying the shares), whereas the real error (in retrospect), was selling them.

dtb