"Its not speculation its supply and demand" - Warren Buffett

Discussion in 'Energy Futures' started by Daal, Jun 25, 2008.

  1. Daal


    How convenient is for obama to ignore his advice when it doesnt help win votes
    I wonder who is right, buffett rogers pickens or the average congressman who thinks free trade is bad, the average ET trader whos a victim of the church of contrarianism or michael masters who is long GM and airlines
  2. dorfman


    why do people who quote Buffet think they're so smart?

    you really think he's going to warn what he's buying or selling next?

    why would he do that?
  3. Will be amusing to see the socialists squirm over this.
  4. Joab


    As a man it's hard for me to admit this BUT,

    I Love Warren Buffet !

    He has such simple common sense and in my opinion he is the smartest man in our lifetime.

    It never ceases to amaze me that people still fight the genius of his ways.

    :D :D :D
  5. Amen to that.
  6. Everyone who listens to Pickens is an idiot. That liar and crook was shorting oil in 2006 while pumping it on CNBC.

    "Oct. 23 (Bloomberg) -- Hedge fund managers Boone Pickens and Michael Farmer more than doubled their money as the five-year commodity boom went bust..."

  7. maybe this video will convince some of the idiots i talk to that it is not speculation.
  8. Good luck with that.

    Please correct me if I'm wrong. I heard Slim Pickens' hedge fund was down heavily after shorting oil, but he returned to being an oil bull at around 100. He has since admited his mistake of shorting.
  9. It never ceases to amaze me that people still fight the genius of his ways.

    Imo, he has a different agenda which is beyond me. He bought USG probably at 14, it soon thereafter went to about $4 then the stock went to over $100 and he is still holding now at $30.

    PIR, dead on arrival, HBR pffftttt, to name a few, along with never cashing out USG. We are not privy to his reasoning other than "value", maybe his picks but not the big picture. There must be a behind the scenes strategy that has tax or other advantages that are unknown.
  10. Joab


    There are as many ways to become wealthy in America as there are people.

    It's not just the measure of wealth in net value terms that we use as a measuring stick but also the wake that you leave behind you in getting there.

    The true genius of WB is that he is not a genius at all.

    He is just a simple man with something that so few have and so many need.

    Common Sense
    #10     Jun 29, 2008