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Never Buy New Lows, Never Short New Highs
The Compound and Friends
Energy Is a Defensive Asset
Energy companies are a defensive asset. Having having our own supply of natural gas and oil is like, it's lik havng your own air force s waving america. So what do you do about that? If we say, ok, i want to incorporate historical data into how i allocate across sectors, or my return assumptions, if i'm doing financial planning, like it's evidence. I don't know how relevant all the evidence is, but it's better than nothing. It was oily. And now it's just breaking for so my bit on energy is just straightforward, like, we need the stuff. We need these companies, they're ging to make a lot of money
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