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Surfing and the Price of Pulp

机译:冲浪和纸浆价格

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摘要

If you have ever stood on an ocean beach watching surfers riding the big waves, you know it can really be a thing of beauty. Experienced surfers seem to have a knack of making it look effortless and elegant, catching a wave and riding it almost endlessly along the leading crest or within the curl. These experts seem to have a sixth sense, understanding the effects of tide, wind, sun, and other factors they can't control, but must understand when they want to catch the long, big wave. Metaphorically,the interaction of currency exchange rates, pulp and paper commodity prices, and the use of financial tools can create 'price wave' opportunities. These waves last far longer that what sellers and buyers are accustomed to achieving in the physical market. Just like the surfer, knowing how to read the situation, having the right tools available, and being able to put things into action can make for a sensational experience.
机译:如果您曾经站在海洋沙滩上,看着冲浪者骑着巨浪,那您一定知道这确实是一件美事。经验丰富的冲浪者似乎有一个技巧,使它看起来轻松自如,优雅动人,紧紧抓住波浪并几乎无休止地沿着前波峰或卷发骑行。这些专家似乎有第六感,了解潮汐,风,日光和其他无法控制的因素的影响,但必须了解何时要赶上大浪。隐喻地讲,货币汇率,纸浆和纸张商品价格的相互作用以及金融工具的使用可以创造“价格波动”的机会。这些波动持续的时间比卖方和买方习惯于实际市场实现的波动更长。就像冲浪者一样,知道如何阅读情况,拥有合适的可用工具以及能够将事情付诸实践可以带来轰动的体验。

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