Invest in airports not airlines

If you want to make a small fortune farming, the saying goes, you need to start with a large one. Racehorses and football clubs can achieve the same result with ruthless efficiency, as Nathan Tinkler no doubt can testify. But if you want to incinerate really large amounts of money, you're probably best off with an airline. Warren Buffett has gone blue in the face explaining this over the years – but it didn't stop him from doing exactly that (see our review Confessions of an aeroholic). There seems to be something about airlines – like racehorses, football and farming...

If you want to make a small fortune farming, the saying goes, you need to start with a large one. Racehorses and football clubs can achieve the same result with ruthless efficiency, as Nathan Tinkler no doubt can testify. But if you want to incinerate really large amounts of money, you're probably best off with an airline.

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