Analysis of Competing Hypotheses

Sometime in the 90s Warren Buffett was asked on why he made an investment in USAir given that airlines is a cut throat industry. What was Buffett’s response? Click here to read the rest.

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2 thoughts on “Analysis of Competing Hypotheses

  1. I really enjoyed your article today. Interestingly, before finding a link to it in my email, I had spent the whole day reading up on Warren Buffett and his thoughts about investing in the railroad industry, as well as his other investment thoughts. While I was doing that, I was thinking of you, recalling how you had mentioned in the past that you were a stockholder in Berkshire Hathaway. So imagine my surprise when I found your interesting article on these topics today.

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