I don’t think it’s a sure thing that this is actually good for him.
Losing the auction would mean he keeps the $6billion.
Winning it means he pays it, and acquires what looks to be a very high risk asset.
ArchieBRO on
Buying a Venezuela-linked refiner right as the geopolitical winds start shifting is a reminder that a lot of “smart money” is really about patience and being positioned before policy changes actually happen. Easy to connect the dots in hindsight, much harder to do it early.
2 Comments
I don’t think it’s a sure thing that this is actually good for him.
Losing the auction would mean he keeps the $6billion.
Winning it means he pays it, and acquires what looks to be a very high risk asset.
Buying a Venezuela-linked refiner right as the geopolitical winds start shifting is a reminder that a lot of “smart money” is really about patience and being positioned before policy changes actually happen. Easy to connect the dots in hindsight, much harder to do it early.