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TIP468: Why Buffett is Investing in Oil Companies W/ Josh Young
We Study Billionaires - The Investor’s Podcast Network
Oil and Gas Investing
I think it moved based on funds coming in from essentially hot money. People that got interested in the sector for various, either fundamental or technical reasons. And i think what happened was a sort of combination of extra volatility that i think was hard for newcomers to stomach. So as an oil and gas invester, this is not the first time. But as someone coming into space, sort of thematic or technical orientid, you come in and you're down 20 % almost right away. It's terrifying. So you sell and you don't come back.
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