Real Men Hedge Their Bets
November, 1997
Real Men Hedge Their BetsSo Buddha walks by as I'm watching a televised chart of the Dow as it approached 8300 this past August 7. We are at the health club, and we both start chuckling at the graph on the TV screen. Only last April the Dow was under 6400. Nineteen hundred points straight up in a mere four months is a heady trip and a feat to be admired."What I don't understand," Buddha says, "is where all this money is coming from." Buddha, a commodities trader, is no slouch...