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Regarding Mr. Pickens and his prediction on oil prices, I realize he is investing in wind farms in Texas, but I don't think that presents a conflict of interest nor an advantage for him to make bullish predictions about oil. Now, if he were predicting lower oil prices and also investing in wind farms, then I would question his motives.
As it is, I don't think his predictions are going to actually affect the price of oil so I don't see what advantage he gains. I see him as a guy with the knowledge to make accurate predictions and the guts to put his money where his mouth is.
-Don
Guys like Pickens, Simmons, and Buffett all have enough money that I don't think they need to scam people to make more...
I follow what they all have to say and what they do with their money to give myself a hint as to what's to come.
They are all smart investors, humble and have been around for awhile...they don't need to impress anyone and are thinking beyond their bottom dollar IMHO.
Dragonfly41, I agree with your comment: 'guys like Pickens, Simmons, and Buffett all have enough money that I dont think they need to scam people to make more...'
I also follow what they do, but pay less attention to what they say.
I dont agree with 'your humble opinion.'
'These people'... Well, what do 'these people' do? They play the game of capitalisim and they are very good at it. They are perfectly suited to the game and they will continue to play it as long as they are successful, have sharp minds, see the trends and act on them, make more money and enlarge their egos while acting 'humble'...(sometimes). Money is the means by which they keep score.
One of my favorite lines is from the movie 'China Town'...Jack Nicholson, upon discovering that the wealthy of the LA area are busily cutting off water to farmers and forcing farms to sell at 'fire sale' prices, is stunned. Then he delivers the line (questioning why the wealthy would force poor farmers out of business to further enrich themselves)...'My God, how much better can they eat?'...Nicholsons character didnt understand that the wealthy were not concerned with eating better or having finer mansions or bigger autos...The wealthy were simply playing the game of capitalisim...And, the wealthy could care less who gets hurt, as long as they win (profit) in the game.
Some individuals, like Roberto Clemente, are perfectly suited to play baseball. Some individuals, like the trio mentioned above, are perfectly suited to play capitalisim.