Oil exploration companies agreeing to do business with Chavez is as stupid as Wall Street bankers donating to Obama

Yet both groups keep doing it. Death wish? Today Chavez expropriated the equipment of oil services companies hired  by that benighted country to explore for oil.

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3 responses to “Oil exploration companies agreeing to do business with Chavez is as stupid as Wall Street bankers donating to Obama

  1. Reader

    Chris- I may not agree with you on everything…but I have a lot of respect for your style…keep at it.

  2. anonymous

    Part of pricing in risks is anticipating (and assigning probabilities to) such scenarios as poss nationalization of investments or a politician who stops listening or needs to deal w/populist voter/union, not plutocrat, issues early in a term

    Most guys misprice risk

    Smartest guys are really defined by superior ability to properly price risk