ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: robert b furman who wrote (44757)	11/24/2021 5:13:16 PM
From: Sun Tzu	Read Replies (1) of 97357

In the medium term you are right, but in the long term no. Owning oil stocks is like owning big tobacco back in the '80s. You know they will go away. Still, they are making money and they will last longer than people think. But eventually the Russian roulette will fire. You have to walk a tightrope between risks and rewards. I am saying this not based on some left wing theory or some SWAG. My thinking is based on how Engine1 convinced Blackstone to vote their way. Blackstone is in it for the money and they know their stuff. You have a competitive advantage based on your geography and business experience. You can do very well with the oil, provided that you act based on current facts rather than hypothesis about the future.

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