Simon Marais Quotes
123 Simon Marais Quotes
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[In December 2014.] Making sure the long decisions of what to buy and sell are right, that's the important part. The day-to-day of a per cent more or a per cent less, I was never particularly good at that... I'm happy to leave that part up to others…
[In January 2015.] If you buy an oil company share with the intention of making a profit over the next month or year, it becomes essential that you ‘know’ where the oil price is going over the short term. We think this is impossible to do reliably over time, but it does not stop a whole army of analysts churning out their forecasts for the next month an year… The only way we believe you can get a reasonable handle on oil prices is to look at the long-term industry pressures. Super-profits in a commodity industry are normally an indication that prices are unsustainably high, while small or negative industry profits suggest a decent chance that the future will eventually be better. Remember the old commodity price adage: ‘The best cure for low prices is low prices.’
[In June 2014.] It pays to be deeply contrarian.
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