Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Sweet video, just wish it was more about hard commodities rather than soft commodities
Yeah. I've been looking for documentaries on hard commodities but good or even average ones are so difficult to find.
Not surprising because of the secrecy around it, maybe.
I trade hard commodities, and deal in handy's to capes. Let me know if you have any specific questions
Yeah that is a decent documentary which gives a great insight into the physical trading business.
This is a slight tangent but I find that there tends to be more info about physical business in books. I have a few recommendations: - Oil by Tom Bower - book is predominately about oil majors dealing around the world in the 90s and early 00s but there are a few chapters dedicated to the traders at the likes of BP, Shell and Marc Rich + Co - The Secret Club That Runs the World by Kate Kelly - the title is pretty dramatic but it is a decent read and it covers the likes of the major trading houses, hedge funds and regulators - King of Oil by Daniel Ammann - biographical account of Marc Rich's trading empire. Marc Rich was the guy who developed the first spot market in oil. Its a pretty interesting read but I think now the industry is far less buccaneering as it once was in the 80s to 90s.
Final recommendation is not a book but a report written by Trafigura called "Commodities Demystified" (if you google it, you will find it). It's a great source of up-to-date information about the physical trading industry .
I'll add Merchants of Grain and Metal Men to that list.
Also, pretty old but Traders and Merchants by Chalmin is the only full-length systematic treatment of commodity trading I have seen.
Ah yes Metal Men is a great book!
I will checkout Merchants of Grain.
I also heard that the book "The Yeild" is very good if one wants to know about the Oil Markets.
Thanks for the link. Couldn't finish it yesterday but seemed very good.
Commenting to save thread for later, looks interesting. Thanks for sharing.
Commenting to come back later. Thanks
Are there any Market Wizards type book on Commodity Traders?
I am sure they are but I can't think of any on the top of my head.
That said there was a coveted commodities trading firm called Commodities Corporation. The firm traded commodities as well as other macro products. From what I gathered, the firm did some physical trades but predominately made money from futures and options trading. The main reason why I am recommend reading about Commodities Corporation is because the firm was a launching pad for a lot of big traders (Paul Tudor Jones, Louis Bacon, etc). The firm was bought by Goldman in 90s but there has been some books/stories written about notable traders at the firm.
I recommend the following for stuff about Commodities Corp: - http://www.businessinsider.com/interview-with-a-trading-legend-part-vi-… - informative interview extract - My Career at Commodities Corporation by Irwin Rosenblum - tough to find atm because it is out of print
For a more up-to-date insight into the markets, I would recommend watching interviews with head traders and CEOs of majors & ABCD trading departments, major trading houses and hedge funds. That said, the content in these interviews will not impart you with a lot of information about the trading strategy but will give you greater insight as to how these organisations react to the current market.
What was this called? This video is unavailable now.
Quaerat quia molestiae et. Fugit et magni sit sint. Repellendus cumque possimus magni error magni officiis aut. Odit consequatur deleniti ipsa quibusdam incidunt laboriosam aut. Nesciunt repellat voluptatem quis exercitationem voluptatem quam et quo. Dolor dignissimos qui alias maxime maiores est. Ducimus placeat excepturi ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...