The difference between performance and outperformance often comes down not to what you buy, but how you buy it.

It's really not too much different from other businesses. You buy at wholesale and sell at retail. The big difference is the wholesale price changes every day - and you have no idea whether it's going to go down or go up.

The typical U.S. consumer may not see much of a difference when they go to the pump.

It's not really going to make any difference.

We are all wrong so often that it amazes me that we can have any conviction at all over the direction of things to come.
But we must.

I am not a hesitant bull, I'm a Pamplona bull.