078: Why Did Warren Buffett Buy Occidental + My Generational Asymmetric Bet On Oil

English - October 13, 2022 05:00 - 1 hour - 49.9 MB - ★★★★★ - 15 ratings
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Why did Warren Buffett by Occidental? This topic and other oil questions have been on my mind for months, and I recently came upon the thesis that that the price of oil is likely going to stay higher for longer. And if the price of oil stays high, then I believe I have identified some asymmetric bets. I discuss all of that in this episode, along with an update on how I'm thinking about Prosus and Tencent.

Investing with Tom's video on Warren Buffett and Occidental - https://youtu.be/wh7_pkZlmbU

Occidental's Q4 2021 Earnings Call Transcript - https://seekingalpha.com/article/4490760-occidental-petroleum-corporations-oxy-ceo-vicki-hollub-on-q4-2021-results-earnings-call

Financial Times article on OPEC - https://www.ft.com/content/70853af8-b7a4-4a28-bdfe-b4f3e375a1f0

Influence Empire: The Story of Tencent and China’s Tech Ambition - https://www.amazon.com/Influence-Empire-Tencent-Chinas-Ambition/dp/B09VLK7Q2R/

Follow Jason on Twitter - https://twitter.com/afterinvestor

Contact Jason: [email protected]

0:00 Intro
4:58 Update on Prosus and Tencent
19:11 Generational opportunity with oil
33:42 Why now clone Warren Buffett on Occidental and Chevron
44:11 My oil stock bets
58:43 Risks

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