Physical commodities are not an inflation hedge

摘要

Many common assumptions in trading are wrong. That doesn't prevent them from remaining common. No trader ever makes a mistake just once, an observation scalable to markets and economies themselves. All the ever-increasing level of automation in trading via algorithms will do is eliminate predictable human emotions-and it may open the door for an exponentially expanding series of new and different errors in lieu of the same errors repeated ad nauseam.