Originally Posted by
Check Essential
Looking for advice.
I know someone with a gambling problem. Year after year they continue betting and every year they lose enormous amounts of money.
I have the same problem! Every year I make a big bet with my life insurance company. I wager that I'll die sometime during the year, even though the odds are waaaay against that happening. Over the years I've thrown thousands of dollars away.
Originally Posted by
Check Essential
But what do you do about someone addicted to hedging in the oil futures market?
Intervene immediately! Call them right now and share your 20/20 hindsight. In a calm, patient tone, tell them what the price of oil will be next year.
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Sorry for the snark. I read the hedging loss info with the same concern. If the guys making the hedge decisions were low paid nitwits brought in to spin the Wheel Of OPEC for big money - cool. But we've been told by our senior executives that they're really good at this.
Prove it.