Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Feedyard Board
Marketing Assistance
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="Craig-TX" data-source="post: 49432" data-attributes="member: 39"><p>You're still speculating, it's just that you're speculating against your own long position. Or to put it another way, you're speculating from a defensive stance. I'm not questioning your definition of a hedge position. But it's still a bet on something where you have zero control over the outcome.</p><p></p><p></p><p></p><p>Ranching is not speculating.</p><p></p><p></p><p></p><p>Any form of business entails risk. Investing is taking part in business where you control at least some of the critical factors (e.g. management decisions and/or timing) and therefore have a direct impact on the potential for return. Speculating is betting on where a price will be at a certain time in the future with no control over critical factors. They are two entirely different strategies with radically different risk/reward ratios.</p><p></p><p>This is what I was trying to make clear in my original post above. Speculating is not investing and investing is not speculating. There is a huge difference. Too many people fail to distinguish between the two, at their peril. </p><p></p><p>Craig-TX</p></blockquote><p></p>
[QUOTE="Craig-TX, post: 49432, member: 39"] You’re still speculating, it’s just that you’re speculating against your own long position. Or to put it another way, you’re speculating from a defensive stance. I’m not questioning your definition of a hedge position. But it’s still a bet on something where you have zero control over the outcome. Ranching is not speculating. Any form of business entails risk. Investing is taking part in business where you control at least some of the critical factors (e.g. management decisions and/or timing) and therefore have a direct impact on the potential for return. Speculating is betting on where a price will be at a certain time in the future with no control over critical factors. They are two entirely different strategies with radically different risk/reward ratios. This is what I was trying to make clear in my original post above. Speculating is not investing and investing is not speculating. There is a huge difference. Too many people fail to distinguish between the two, at their peril. Craig-TX [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Feedyard Board
Marketing Assistance
Top