The story runs like this. The oil prospector reaches the door of heaven, only by St. Peter said that the oil reserved for men is already full. The prospector asks to deliver only four words to the inside. Allowed, he shouts, “Hell -detected oil.” Immediately, every oil man rushes, leaving heaven empty. When St. Peter replaces the prospector, he rejects it, it may also be the truth in the rumors, giving it logic.
An illustration with a tooth
Buffet Buffett, president and CEO of Berkshire Hathaway, sought this story not as a comedy relief but as a sharp comment on investors’ behavior. “If the oil was found in hell,” he once said, “All the oil men would march there.”
Lessons, Buffett explained, that is that the crowd is psychological .The markets are often less driven by careful analysis. The fear of missing, belief that someone else knows better, and the cramps can snatch the cause. The prospector who invented the rumor eventually drowned in the same irrational temptation.
Crowded over the counts
For buffet, the story shows the truth about institutional investment. Although analysts and civilized models are the military, big investors often “chase the trends, follow the crowd, or work on speculation rather than fundamentals.” He has often noted that heavy -owned stocks “are often inappropriate valuable by organizations.”
Graham’s parable of Buffett’s reconstruction serves both as a warning and guide: when speculation is more attracted, professionals with DEEP Wanda resources can also leave discipline.
A timeless warning
The story is very echoed by its funny surface. Markets today, Energy is in zoia, technical or digital assets, often trading on descriptions rather than numbers. As Graham’s oil men leave heaven for rumors of wealth, modern investors are tempted by bubbles, booms or untisted innovations.
For buffet, the moral remains clear. Investing requires resistance to the inner value and patience and resistance to grounding decisions. “Hell -detected oil” is not just a story. It is a reminder that markets can also be tempted to leave heaven in search of illusion.
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(Disclaimer: The recommendations, suggestions, opinions and views given by experts are their own. This does not represent the views of the economic time)
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