Readers who have been with us for a while have seen us quote one of the more evocative sentences you are likely to find on markets:
“…For, after all, I had been into cocoa a bit myself. That was back when The Great Winfield had discovered cocoa trading. Occasionally in those more leisured days I would sit with him lazily watching stocks move, like two sheriffs in a rowboat watching catfish in the Tennessee River….”
-'Adam Smith', Supermoney
Here's part of the chapter it comes from.
Via the Twitter feed of Anne-Elisabeth Moutet:
So: the funniest pages ever written on commodities investing, by the great "Adam Smith", in 1968: "The Cocoa Game", from "The Money Game". 1/2
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There's more, all great, but that should help to sate the cravings until the chocolate Easter bunnies arrive.
If interested here are the two tweets that Anne-Elisabeth posted:
