April 2013
Beginner
561 pages
16h 43m
English
“How do we know when irrational exuberance has unduly escalated asset values?”
—Alan Greenspan, 1996
If you work for a global commodity trading firm like Cargill or Glencore and have access to accurate, timely (and expensive) fundamental intelligence, the odds are it’s better information than the rest of us are getting. It’s Nestlé’s business, for example, to know the condition of the cocoa crop in Ghana or Brazil. Although you might read some brokerage house report that discusses the “witch’s tail disease” and its potential to devastate the crop, Nestlé has their man right there in Ghana, with another in Brazil walking the fields. Nestlé and Hershey both have better intelligence for ...
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