No. of Recommendations: 2
Fortune published an interesting article about a smart investor, Richard Rainwater, who sold out of oil at the top and who now is buying back in. It's an interesting read, but that's not the only reason why I posted it. Apparently Mr. Rainwater reads The Motley Fool:

"As Time's Justin Fox reported in early June, Rainwater made the decision to close out his oil bet when the average price of gasoline passed $4 a gallon in the U.S. (and after he saw a reader poll on the Motley Fool Web site in which 77% of respondents said they were cutting down on gasoline consumption)."

Time to bet on an oil crunch

http://money.cnn.com/2008/10/01/news/economy/rainwater_okeef...

Deej
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