Opportunity cost of a Fundamental-only strategy
From the Economist: “The ups and downs in the prices of industrial metals since the beginning of 2008 have reflected the fluctuating fortunes of the world economy. The copper price, which peaked in April 2008, had fallen by over two-thirds from that high by December 30th last year, when it hit bottom. The price of nickel fell by a whopping 72.3% from peak to trough. Prices have recovered

Waitress, there’s a soybean in my coffee – wtf?
I’ve heard of watering down the gasoline, but this is a new one. There are two types of coffee that trade. The one you probably trade is the arabica type and it’s probably the same type you drink. These roasts are found at Peet’s and other coffee joints like Star-yucks. The robusta makes it’s way into instant coffee, canned coffee, and the sludge you drink at a diner for example. IMHO, it doesn’t have much taste.

John Arnold & The Widowmaker
When Amaranth gas trader Brian Hunter bet the March/April spread in 2005 would widen, John Arnold was on the other side of the trade betting that March would collapse faster than April, causing the spread to narrow. March/April is nicknamed the “widowmaker.” What you se

Vocabulary
One definition of “significant upward pressure on inflation” mean hyperinflation.

Janet Tavakoli
Janet Tavakoli is the author of Dear Mr. Buffett.