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How the Smart Money Will Go Broke
A long time ago, I took a course to prepare for the Series 7 Licensing exam. At the risk of divulging his identity, I will describe the instructor of this course simply as a former options trader closely affiliated with Ivan Boesky in the 1980s. We’ll call him “Jack”.
“I’m not a smart man.”
Jack would commonly make profound statements, and if you want to know the truth, I learned far more about trading strategies and mentalities from him than I ever learned about the recklessly boring material on the exam.
“…But I bought a boat this morning, and I did…
17Oct2008 | Oxbury Research | Comments Off | ContinuedEnergy Q&A Part I: Peak Oil and Oil Price Spikes
Q: “I saw you on Fox Business News. You said that you think the price of oil is too high and will come down. You have been a long-time ‘Peak Oil’ guy. So why do you think that oil prices will come down?â€
Yes, I’m a long-time Peak Oil guy. I met M. King Hubbert back in 1977 at Harvard, and heard his lecture on where the trends are taking us. So I’ve been doing “Peak Oil†since Peak Oil wasn’t cool.
Long term, I am convinced that we live in a Peak Oil world. But we also live in a world of…
19Jun2008 | Energy and Oil | Comments Off | Continued
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