2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP551: Berkshire Hathaway Annual Shareholders Meeting 2023

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Economics of Short-Living Oil

There's speculation about us buying control of Occidental, but we're not going to buy control. We've got the right management money. Charlie wouldn't mind knowing what to do with an oil field. And betting you're buying coal would be like going out and seeking to acquire a cancer or something. The price of oil still is incredibly important in terms of the economics of short-lived oil.

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