Searching for Peter Lynch
Late last year, there were three people that we observed as optimistic about the prospects of the oil business. These people were Warren Buffett, Sam Zell and Peter Lynch. In revisiting their comments before and after the shutdown of the economy, we can see that two of the three have significantly altered their opinion. Warren Buffett has shared his thoughts in his first ever virtual shareholder meeting sans Charlie Munger. Sam Zell shared his comments on Bloomberg with what he sees as the effects of what has taken place. Both of these gentlemen leave stock market participants with one feeling: There is virtually no hope for the economy and thus oil. Which leaves us thinking only one thing: What would Peter Lynch say?
May 12, 2020
