Trump calls out Warren Buffett for selling all his airline stocks, says he made a mistake

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Warren Buffett made a rare error when he dumped all of his airline stock holdings in April, President Trump said on Friday.

"He's been right his whole life, but sometimes even someone like Warren Buffett I have a lot of respect for him they make mistakes," Trump said after a strong jobs report sent airline stocks skyward.

Buffett's Berkshire Hathaway sold its stakes in the "big four" US airlines because the famed investor feared passenger numbers wouldn't rebound and they would be lumped with "too many planes."

Buffett also highlighted the fact that the carriers will have to repay the government loans they received earlier this year.

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President Donald Trump called out Warren Buffett in a public address on Friday, saying the billionaire investor and Berkshire Hathaway boss made an error when he dumped all of his airline shares in April.

"Warren Buffett sold airlines a little while ago," Trump said. "He's been right his whole life, but sometimes even someone like Warren Buffett I have a lot of respect for him they make mistakes."See the rest of the story at Business InsiderNOW WATCH: What makes 'Parasite' so shocking is the twist that happens in a 10-minute sequenceSee Also:A portfolio manager at a 4.6 billion shop breaks down his Warren Buffett-inspired approach to investing and shares 3 stocks he loaded up on in a 'really attractive' market upended by the coronavirusCongress' response to the 2008 financial crisis sparked a decade of inequality and resentment. The US is now repeating that mistake.Ted Cruz, Trump, and other Republicans are pushing a payroll-tax cut that would do little for families suffering financially due to coronavirus

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