5min chapter

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#27: Diego Parrilla On The Perpetual Search For Extreme Optionality

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Power of OPEC

Timothy Stanley: My thesis was that OPEC's success wasn't really a supply-sized story. The real reason why OPEC had been so successful is it was a monopoly of demand, he said. He says the last part of oil won't be worth millions, it will be worth zero. Stanley: I draw parallels between the dotcom bubble and what I was foreseen as the energy bubble.

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