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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Captain James T. Kirk who wrote (48450)7/26/1999 9:44:00 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 95453
 
Warren Buffet's take on the oil industry and the stock market, as reported by Ken Auletta in the current issue of The New Yorker:

Buffet tells the story of the oil prospector who died and went to Heaven. He asked St. Peter for a place, but St. Peter said there was no more room in the pen set aside for oil prospectors because there were too many of them in Heaven.

"Do you mind if I say four words?" the oil prospector asked.

O.K., St. Peter said.

"Oil discovered in Hell!" the oil prospector cried.

With that, the prospectors all fled, and St. Peter said, "The pen's all yours."

"No, I think I'll go along with the rest of the boys. There may be some truth to that rumor."

Buffet says, "That's how I feel about the stock market."