Jeff Matthews: Buffett's Stake In PSX Not Meaningful
Warren Buffett's stake in refiner Phillips 66 may not really say anything about how investors should play the energy market, said Ram Partners general partner, author of Warren Buffett's Successor: Who It Is and Why It Matters, and Buffett expert Jeff Matthews, on Monday.
"I'm not sure what this means except he is moving money around and he thinks that the refining side of the business is probably a better bet because there is going to be a lot of oil around for a long time," he told CNBC's "Squawk on the Street."
Jeff Matthews: Buffett's Stake In PSX Not Meaningful
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