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Exxon Apostasy Continued…

A very interesting cover story article in BusinessWeek about Exxon Mobil (XOM).  I am usually skeptical of cover story articles, especially from BusinessWeek as in the past they’ve been contrarian indicators. This time they are onto something (ok, that is maybe because I agree with them). As I’ve written in the past, Exxon is a […]

Exxon Apostasy

A basic property of religion is that the believer takes a leap of faith: to believe without expecting proof. Often you find this characteristic of religion in other, more unexpected places–like the stock market. It takes a while for a company to develop a “religious” following: Only a few high-quality, well-respected companies with long track […]