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4min chapter
TIP468: Why Buffett is Investing in Oil Companies W/ Josh Young
We Study Billionaires - The Investor’s Podcast Network
Buffet's Leverage Bet on Oil Prices
I think the valuation argument for got harder as competitors shares fell, and axy shares didn't, because buffet was buying it. And i do question it. I don't know that it's so obvious that berher should be buying more,. Why not have bought a third company that, after this 30 % drop in everything except for oxy, had more of what it looks like oxy was offering berkshire in march? But again, there's still a lesson in what he was buying when he picked oxey and started to buy it aggressively.
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