Maybe Buffett’s investment in $OXY will perform fantastic
One of the reasons why I thought Buffett’s investment in Occidental Petroleum would perform badly was because the last time Buffett bought oil stocks (aka $COP), it was back in 2008 and that bet failed miserably.

After looking at this chart, I see that the timing of Buffett’s oil investments greatly influenced whether he’ll do well with his oil bets or not.

Overall, with the timing of the Occidental purchases, I think Buffett will see $OXY being one of his top performing investments. Hopefully he knows to cash out when the metric (shown in the chart) reaches its upper limit.

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Todor Kostov's avatar
@dissectmarkets With commodities it's all about the cycles ... few people understand this.

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