Post #5299 by Tweakmeister on the US Policy board

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Having tracked oil stocks for decades I had a position in OXY and sold it a little before Berkshire got involved. It seemed like a no brainer from a valuation standpoint but as with any company their performance largely comes down to the people at the top. I have very little intention of owning any kind of oil related stock in the future given their cyclicality and think Berkshire's more detailed exposure to the management team gives them a greater degree of insight as to if it is a reasonable investment.

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