The legendary billionaire admits that he got his clock cleaned in stocks earlier this year (to the tune of $2 billion) and that now he’s 100% in cash.
Other key points from the oil-man’s CNBC interview with Melissa Francis (see video below)
- We’re going to make all that money back
- It’s going to get a lot worse, which is why we’re in cash
- Oil’s not going much lower: OPEC will just shut off the taps
- Oil’s going back to $100 next year
- Book sales going well, thanks
- Wind farm delayed
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