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Ep 390. The Omaha Experience: Our Take on Berkshire’s AGM

Focused Compounding

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The Long Life of Oil

"The time structure of the assets, the life of the assets has changed a lot," he says. "It doesn't much matter if 40% of oil is long lived stuff in the Middle East or whatever,. It would have little effect on the price because oil demand is going to drop by 60%. So the stuff that's going to come in and out of the market is going to be the more marginal stuff."

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