FrmrCAPCADET From United States of America, joined May 2008, 1929 posts, RR: 1
Reply 3, posted (7 years 2 weeks 2 days 2 hours ago) and read 1968 times:
His last month's newsletter suggested that there is a lot of money floating out there with no place to land, and that profitable airlines and leasing companies are likely to attract it. I did not see any discussion of this on last month or this.
Buffet: the airline business...has eaten up capital...like..no other (business)
Problem with him and the boyd group is that almost all their predictions are wrong. So if he says there is a lot of capital floating around at the moment the best conclusion would be that its very hard to gain any capital right now...
In general both him and boyd are messengers that repeat a message they and their clients see as good, not an impartial analysis. This makes it very difficult to give them any credibility at all for the people that are unbiased.
Its like watching foxnews or reading Huffington post.