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Ep 355. Market Update, Omaha Trip, Activision Arb, and Thoughts On Elon Musk Buying Twitter

Focused Compounding

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Oil Prices Are Not Good for Oil Companies

If an industry is syclical, it means that something that's happening now is out of line with what your previous behavior was. So you have too many movie theatres, and no one wants to go to the movies. High oil prices are very, very bad for countries that depend on oil sustained. People become much more efficient on and can then they will become more efficient if prices stay high for a long time.

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