Comment by jsanford9292

Value investing has been replaced by government support. Big companies like airlines are not allowed to "get cheap" anymore. From Berkshire Hathaway alone, there are hundreds of billions of dollars of private money waiting to step in during times like these. Instead, we will "bail out" aggressively managed companies and encourage all big companies to be more aggressive going forwards. Because they have a government backstop preventing them from failure. This will lead to more bailouts in the future, the burden of which falls to all American taxpayers. We are deviating from the incentives that make capitalism such an effective force.