Southwest Airlines: The Unusual Company

At the core, they have tailwinds because air travel is growing. I think that these guys are in great shape and many of those things are unlikely to change for a while. The CEOs of almost all of the major airlines now have seen the movie before and are not interested in going there again. They are not focused on market share, they are focused on profits.

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IN THIS EPISODE, YOU’LL LEARN:

Why Mohnish Pabrai recently invested in Southwest Airlines.
What Mohnish Pabrai’s biggest investment mistake is, and how he later made more than $100 million because of it.
If Warren Buffett and Charlie Munger consider any macro decisions in their investment approach.
Why the airline industry is a terrible sector, but might still be a great investment at the moment.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Mohnish’s new website: Chai with Pabrai.
Mohnish’s Book, The Dhandho Investor – Read Reviews for this book.
Mohnish’s Youtube Channel.
Kevin Freiberg’s book, Nuts – Read reviews of this book.
Charlie Munger’s book, Poor Charlie’s Almanack – Read reviews of this book.
Sam Walton’s book, Made in America – Read reviews of this book.

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