Rule's strategy when younger was to buy smaller companies with substantial valuation disparities relative to majors, but current market has less obvious disparities, so he now builds a more beta-centric portfolio focused on large companies like Exxon.
factualpending
Speaker
Rick RuleEvidence Quote
“I made my uh reputation and my living earlier when I was younger buying smaller companies that sold at substantial valuation disparities, pricetoval deltas to the majors. What's happened in this market is that the valuation disparities are much less obvious which is to say the big companies have better pricetovalue relationships at least ranked qualitatively than the small ones.”
Created: 8/13/2026, 10:19:24 AM
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