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I also personally had a lot of money invested in the airline industry, and I wanted to diversify. That said, I actually think, if I were in Buffett's shoes, I would not have gone and invested in the four largest airlines in the industry. I think some of the smaller carriers out there actually have better prospects for investors right now. If you look at companies like Spirit Airlines ( NASDAQ:SAVE ) and JetBlue ( NASDAQ:JBLU ), they are trading for very similar earnings multiples compared to these much larger companies, but they have, due to their smaller size, vastly more growth potential. If you look at Spirit Airlines, the whole ultra low-cost segment right now is about 5% of the market. In Europe, it's at least 20%. This is just a movement toward cheaper fares, more fees for add-ons, that has really succeeded in other places, and it's just getting started in the United States. That's a company that has a huge runway for growth. I think in 10-15 years, Spirit Airlines is going to be 3-5X its current size, and making a lot of money. So that's one stock that I think is really compelling right now. And, JetBlue Airways is another example.

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Turkey identified the killer as 22-year-old Mevlut Mert Altintas, who had worked for the Ankara riot police for 2-1/2 years. Altintas, who also shouted slogans associated with Islamist militancy after shooting ambassador Andrei Karlov, was killed minutes later by members of Turkey's special forces. His mother, father, sister and two other relatives were held in the western province of Aydin, while his flatmate in Ankara was also detained, security sources said. One senior Turkish security official said investigators were focusing on whether Altintas had links to the U.S.-based Muslim cleric Fethullah Gulen, whom Ankara blames for a failed cheapest flights to mexico from dc July coup. Gulen has denied responsibility for the coup and Monday's attack and has condemned both events. The slogans that Altintas shouted, which were captured on video and circulated widely on social media, suggested he was aligned to a radical Islamist ideology, rather than that of Gulen, who preaches a message of interfaith dialogue. "Don't forget Aleppo, don't forget Syria. You will not be able to feel safe for as long as our districts are not safe. Only death can take me from here," he shouted in Turkish. Turkish President Tayyip Erdogan said on Monday he and Russia's Vladimir Putin had agreed in a telephone call to strengthen cooperation in fighting terrorism. Putin said it was aimed at derailing Russia's attempts to find, with Iran and Turkey, a solution for the Syria crisis.

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