Book: Commodities: Markets, Performance, and Strategies
Editors: H. Kent Baker, Greg Filbeck, Jeffrey H. Harris
ISBN: 9780190656010
Chapter 28: Future of Commodity Markets and Investments (Hunter M. Holzhauer)
Book: Enterprise Risk Management: From Incentives to Controls
Author: James Lam
ISBN: 978-1-118-41361-6
Global energy demand keeps climbing. The U.S. is moving toward greater self-sufficiency with shale oil and gas while renewables gain share. Growth is good news. It also means bigger bets and bigger mistakes if risk management lags.
Commodities: Markets, Performance, and Strategies
Editors: H. Kent Baker, Gregory Filbeck, Jeffrey H. Harris
ISBN: 9780190656010
Hilary Till, Joseph Eagleeye, and Richard Heckinger write from the trenches. This chapter is less theory, more “here is what traders actually do, how they blow up, and what you should not copy.”
Chapter 4 asks a question that sounds obvious until you think about it: do professional commodity traders make the same psychological mistakes as retail stock investors? Nofsinger, Chatjuthamard, and Dai survey the behavioral finance literature applied to futures markets. The answer is mostly yes, but with nuance.