Part 4

Don’t Let One Bad Season Ruin The Farm

For most of the history of human civilization, in addition to being a Hobbesian nightmare, there was little availability for the powerful tools we have today. Over the years, many millions of farmers went out of business because of an anomalous season, a crop infestation, or simply not being able to cover their costs with the crop yield.

Add to this the volatility of the demand side, and you can see that the most popular profession for many centuries was anything but easy. This is how deri...

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Introduction to Hedging
6 Lessons
~12 mins in total
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