The Risks of Inflation

The energy dynamic, that was another thing from the Buffett meeting, he talked a lot about oil. He's obviously been a big buyer of Occidental. And people were saying, well, is he going to go for control? It sort of sold off on Monday a little bit when oil was up,. But the energy itself, he told a really great story about Charlie who bought a royalty for $1,000 in the game, these $70,000 royalties 50 years later and they're still printing out oil.