Penguin International

[weijian]

This saudi arabia is interesting. It goes something like, since you dont want to cooperate, i will push the oil prices down and we all suffer together. Shareholders of Penguin can take comfort from the fact that Berkshire bought some 10b occidental preference shares some time back. Perhaps, berkshire may lose money on this investment as well if oil prices stay low!

It is probably psychologically comforting to either take refuge in other people's losses, or knowing that you belong in a crowd.
But it is probably not how an OPMI needs to be setup cognitively, in order to survive in the equity markets.