Paint me a skeptic or perhaps it’s just from being born in Russia, but I think Russian oil production is very likely to decline in the future. Why? Simple, over last couple of years Russian Government has de-privatized a big chunk of oil companies. As we know government is not as effective at managing resources as private enterprise. Don’t believe me? Just take a look how Fed Ex (FDX) and UPS have taken share from the US Postal Service – a government run legal monopoly.
Please read the following important disclosure here.
Related Articles
![The Magnificent 7 and the Dangers of Market Hype](https://investor.fm/wp-content/uploads/2024/07/The-Magnificent-7-and-the-Dangers-of-Market-Hype.webp)
The Magnificent 7 and the Dangers of Market Hype
Despite the S&P 500 showing gains in the mid-teens, the average stock on the market is either up slightly or flat for the year.
![](https://investor.fm/wp-content/uploads/2024/07/Understanding-Todays-Economic-Landscape-876.jpg)
Understanding Today’s Economic Landscape
Interest rates that stay low and actually keep declining for almost a quarter of a century slowly propagate deep into the fabric of the economy.
![](https://investor.fm/wp-content/uploads/2024/07/From-Bull-to-Sideways-Markets-to-Nvidia-876.jpg)
From Bull to Sideways Markets to Nvidia
I discussed my condensed views on the stock market, economy, and our investment strategy in a letter to IMA clients.
![](https://investor.fm/wp-content/uploads/2024/06/Traditions_-Investment-Conferences-and-Presentations-876.jpg)
Traditions, Investment Conferences and Presentations
Investment conferences are the constants in my life. This year, we heard 24 presentations in three days at VALUEx Vail.
0 comments