"Six bucks and my right nut says we're not landing in Chicago."
--Del Griffith (Planes, Trains & Automobiles)
Brief thought upon returning from trip to Left Coast. Planes out and back filled to the brim--as full as I've seen them and I've flown on many Thanksgivings.
Indicator of economic health? Probably less than at first glance. Why? Airlines operators have cut way back on flights. Entire terminals at CVG are dark. When I hit the parking garage upon return tonite, I was surprised, almost stunned actually, at how empty the parking garage was.
Far cry from the heydays of Thanksgiving travel.
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The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. Think airlines.
~Warren Buffett
Businesses in industries with both substantial over-capacity and a “commodity” product (undifferentiated in any customer-important way by factors such as performance, appearance, service support, etc.) are prime candidates for profit troubles.
~Warren Buffett,1982
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