So, you think you know risk management? Have a seat. The World For Sale wants to show you a thing or two. Javier Blas and Jack Farchy’s debut book, The World For Sale, isn’t about the types of traders who are typically glamorized by Hollywood in movies like The Wolf of Wall Street or The Big Short. (Although after this book, they will be.) They don’t trade stocks or bonds. They trade physical commodities, sometimes exchanging hundreds of thousands of barrels of crude in a single day. And their appetite for risk is insatiable. Commodity traders play one of the most fascinating roles in the global economy. They’re pulling puppet strings from dozens of angles and wielding an outsize influence on geopolitics, all behind the scenes of the public eye and sometimes world governments. Traders create shell companies and work with fixers to cover their tracks, often bending the rules or skirting regulations to make the most lucrative deals work. Some traders live quiet lives. Some fail. And some take on Evel Knievel-level risk in deals that turn traders into legends – and billionaires. A beginner’s guide to commodity trading… and then some The authors of The World For Sale… continue reading
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