Soros and Buffett seem to have a different way of investing lately. I am not sure if its really in their stock holders best interest. Buffet bought one of the largest railroads just before the coal lobby lost out to natural gas. Railroads have done poorly ever since. Soros has bought coal mines for a song. And they still went lower. Now buffet is buying refineries which are also going down.
I would not follow them into these investments. I kind of wonder if they aren’t driving out the profitabilities in these industries by lowering prices. They each have enough money to buy a major player and start a price war.
Think of it this way. If you take the profits out of the coal industry, out of the oil industry, out of the middle east. You end up with a group that has no ability to lobby as strongly as they have in the past. The Saudi’s may not be able to buy the missiles and jets they once used to. The coal industry may not be able to buy the 30 senators they used to. Exxon, Total, Shell may not be able to support the tyrants they used to.
I think a little deflation in the right places may be a benefit to the world.
Youthink Soros would do something to benefit anyone other than himself?