Arjun Murti – You’ve Got to Get Out of the Battle At Some Point

<p><strong>BIO: </strong>Arjun Murti has over 30 years of experience as an equity research analyst, senior advisor, and board member, with global expertise covering traditional oil &amp; gas and new energy technologies.</p><p><strong>STORY:</strong> Arjun made a call that oil prices would quintuple from $20 a barrel in the 90s to $105 in the 2000s and stay there for at least five years. The price averaged $100 a barrel from 2000 to 2014, entirely consistent with Arjun’s call. However, after the 2008 financial crisis, the return on capital in the energy sector started falling. Arjun made excuses and continued to ride the wave all the way down.</p><p><strong>LEARNING:</strong> Let go of your ego and get out of the battle at some point. Frameworks need to grow, evolve and adjust to circumstances. Understand and inculcate reversion to the mean into your thinking.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“At some point, you got to get out of your own ego and get out of the battle.”</strong></blockquote><blockquote class="ql-align-center">Arjun Murti</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/arjun-murti-energy-analyst/" rel="noopener noreferrer" target="_blank"><strong>Arjun Murti</strong></a> has over 30 years of experience as an equity research analyst, senior advisor, and board member, with global experience covering traditional oil &amp; gas and new energy technologies.</p><p>The bulk of his Wall Street career was at Goldman Sachs, where he retired as a partner in 2014. He recently “un-retired” to join <a href="https://veriten.com/" rel="noopener noreferrer" target="_blank">Veriten</a>, an energy research, strategy, and investing firm. Arjun publishes <a href="https://arjunmurti.substack.com/" rel="noopener noreferrer" target="_blank"><em>Super-Spiked</em></a>, a Substack blog focused on the messy energy transition era.</p><p>He is on the board of ConocoPhillips, a senior advisor at Warburg Pincus, and on the advisory boards for ClearPath and the Cente