It’s 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview.
He is fully on board with Berkshire Hathaway’s recent push into the oil industry with Occidental Petroleum OXY, -1.81% and Chevron CVX, -0.96%, though he doesn’t directly own any oil company. “The war with Russia has made it utterly clear that we’re not going to get rid of our oil dependence in the next decade or two. And because the industry has been under invested massively, there’s going to be extraordinary returns to people invested,” says Spier.
Some breaking news is that Spier actually has made a transaction this year — he sold Twitter TWTR, -1.60%, a company that along with Google parent Alphabet GOOG, -1.44% he bought during the pandemic, for more than $50 per share. After Elon Musk launched his takeover offer, “I spent about five milliseconds thinking if he were to allow me to come into the private deal, would I do it.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pricey gas, taxes, insurance: Why 63% of Texans feel more financial stressInflation takes a heavier toll on low-income workers, but nearly all say they’ll cut back more if high prices persist. I feel more stress from the liberal Texas gun laws that allow any Fox inspired idiot to carry a high powered weapon of war
Source: dallasnews - 🏆 18. / 71 Read more »
Race Car Driver Samantha Tan on Eczema, Mental Health, and Why Asian Representation MattersWinning isn’t STR_Samantha's only goal.
Source: SELFmagazine - 🏆 478. / 51 Read more »
New ‘Bridgerton’ Showrunner Explains Why Season 3 Is Skipping Straight to Penelope and Colin’s Romance (EXCLUSIVE)New Bridgerton showrunner Jess Brownell says the team felt it was the perfect time for Polin: 'Watching these two step into the sunshine and find each other will be really rewarding.' And I feel like showrunners in Bridgerton want to be themselves bigger than the series, bigger than the books. I feel like is time to the showrunners of the series be a little more humble or at least acceptable SOME of the criticism of the fans. go on Curious to know what they got Bridgerton Polin
Source: Variety - 🏆 108. / 63 Read more »
Why anti-French protests are going on in Africa’s ChadFrance’s support of Chad’s military rule has angered Chadians, who have suffered from both endemic corruption and autocratic leadership, leading to massive anti-French protests Finally NATO destroy tow countries Turk & ............ .🙄 Cant you all let Africa be?
Source: trtworld - 🏆 101. / 63 Read more »
PS Plus won't beat Xbox Game Pass, and that's why I'm sold | Digital TrendsSony's revamped PS Plus doesn't look like it'll compete with Xbox Game Pass -- and that's it's strongest selling point.
Source: DigitalTrends - 🏆 95. / 65 Read more »