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Porter Stansberry
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What T. Boone Pickens Taught Me About Investing in Commodities
I’d first met Boone in part because I had mocked Peak Oil as yet another nonsense Malthusian fantasy.At a 2014 Stansberry Research Conference event in Dallas, T.Boone conceded that he’d been dead wrong about Peak Oil.
The most important lesson T. Boone taught me was that commodity industries – like oil and gas – that require huge capital investments are fraught with risk.