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Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410

The Meb Faber Show - Better Investing

CHAPTER

Energy and the Capital Cycle

The capital cycle just creates enormous wealth, and then it destroys it. The chemical industries are famous for doing that. Europe is let on this front. We've seen the number of refineries in europe over the last 20, 30 years cut by forty %. Berkshire hathaway's three utility operations have 50% of ther electrical output as now.

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