Recent Insights

Month: April 2020

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  • Iron Capital Perspectives
  • April 24, 2020
  • Chuck Osborne

Texas Tea Revisited

Oil is not an investment. A barrel of oil is just a barrel of oil. If one were to bury it in his backyard and dig it up many years later, it is still just a barrel of oil. This past Monday, the oil dug up backyards sold for ~negative $40; they had to pay for someone to take it away.