Podcast 131: Is Cash Flow a Thing of the Past

[James Danchus]

BP,

So I'm listening to Podcast 131 today and I heard the brilliant Serge Sukhat say something that I was hoping to dive into in greater detail. He said that cash flow is essentially dead. Granted, the guys' REI IQ is about 100x higher than mine, but I'm pretty sure his argument is that capex is too high and too unpredictable to buy and hold. Did I read it wrong? If not than that is disconcerting for my long term goals:(

Thoughts?