Finding Value Finance

Another mammoth SPR release last week, with a flow equal to ~1.3m b/d (nearly 9.1 million barrels over the week). The weekly release is the **second highest on record**, just a notch below the all-time high set the previous week of 9.9 million barrels.

Warren Buffett: “There’s always going to be some news, good or bad, every day. In fact, if you go back and read all the papers for the last 50 years, probably most of the headlines tend to be bad. But if you look at what happens to the economy, most of the things that happen are extremely good.”

Peter Lynch: "In a stock, all you can lose is 100% — and I've done that. Your greatest mistakes are selling a good company and then it doubles and then it triples and it quadruples." "Some of my mistakes are saying, 'Oh my God, this stock is too high!' and I was wrong."

Li Lu on finding an edge (Must read)

Oil Could Stay Above $100 for Years, Analysts Warn

Charlie Munger on Focus “I think people who multi- task pay a huge price”

People are about to find out… ALL BEAR MARKETS BEGIN WITH A YIELD SPIKE.. Good luck chasing the most overrated, overhyped, & overvalued market ever. Source: BCA Research

"Risk comes from not knowing what you're doing." — Warren Buffett

It's not a "super cycle" until the companies believe it via ramping capex once again.

The last barrel of crude oil loaded before the war has been delivered, refined, and spent. US SPR releases and crude oil futures manipulation have lulled the market into a false sense of complacency. But you can't print gasoline, and summer driving season is here. Watch for the re-pricing of the entire energy complex. Gradually, and then suddenly.

Stock Markets Priced in Crude Oil. Something important is happening.

@RogueMacro_ Both long-term and short-term, oil is doing EXACTLY what it was forecast to do...

Blah, Blah, Blah... How many ships passed through the strait? 33. Normally 140. Not open yet...Tik Tok.

Five "deal" announcements, zero closed (yet). That's a trend. Sell the tweet, buy the molecule. Iran's leverage increases with every day that passes and inventories decline, while it decreases for the West. Thank you to @SquawkCNBC Asia for having me on this morning. Attached is the clip: 50 years of efficiency made oil cheaper per unit of GDP but more irreplaceable in function -- it is the rare earth of the macro system. cnbc.com/video/2026/05/…

All of this propaganda is about removing every single speculator from the oil markets and pumping stocks It will work until it doesn't Severe operational stress across the global oil complex will set in over the next 2 months as summer driving season and gulf power burn hits

Most investors don't do well in the market:

“Try to buy assets at a discount rather than buy earnings.” — Walter Schloss #ValueInvesting #Investing