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.
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“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
