Post #10342 by mungofitch on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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OXY at 52-week low. Lots of moving parts. Any buyers stepping up?

I have to say, it is starting to look like a fairly serious margin of safety. Obviously the apparent value of a share will go up and down with oil prices for years to come, which nobody can predict, but I think the ten year outlook is probably a very attractive return on an annualized total return basis.

However, I don't intend to buy any myself. I *always* lose money on oil and gas positions, so to step in now would be bad for all the other people who have coat-tailed.

Jim

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