The next guy who talks to me about tonnage is going to get his salary in tons, and we'll see how he converts that into dollars.
It's hard enough to get anyone to listen when you mention derivatives, but if you team them up with commodities, people tend to want to run a mile.
The amount of integrity required to carry on business as it is currently done in the commodities industry is nothing short of phenomenal.
What is exotic in the money market is plain vanilla in electricity [markets].
Far Prettier than Pork Bellies.
My option gave me the right to a futures contract for that much hog until October. Considering the average size of a hog, which I figured to be 500 pounds, this gave me a potential controlling interest in 600 animals. Right then, I vowed to eat more pork chops and bacon, and to call my friends to beg them to do the same. Working together, maybe we could drive up the price.
The cheapest commodity in the world is investment advice from people not qualified to give it.
Last updated: January 9, 2011