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Enterprising Investor

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Enterprising Investor

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Re: Enterprising Investor post# 177

Monday, 08/29/2016 12:07:46 PM

Monday, August 29, 2016 12:07:46 PM

Post# of 204
Got it right in 2012. And BRK keeps buying.

Validation!

As soon as the spinoff was announced, I immediately wondered which stake would increase over time. My expectation was that future money would go into PSX. I also envisioned a decrease in COP if total funds invested were purely reallocated.

COP has to allocate capital to find more oil and gas. PSX is more of a "toll bridge".


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77486521

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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