Comment by jallmann
9 years ago
This is a recurring nightmare of mine: forgetting to close out a commodity futures contract, then suddenly having 20,000 bushels wheat (or whatever it was) show up on my doorstep one morning. Brrrr.
9 years ago
This is a recurring nightmare of mine: forgetting to close out a commodity futures contract, then suddenly having 20,000 bushels wheat (or whatever it was) show up on my doorstep one morning. Brrrr.
Ok, in the commodities trading business there have GOT to be stories of this sort of thing happening.
One of the better ones I've heard is that John Maynard Keynes took delivery of a grain contract while running the Chest Fund of King's College Cambridge. Not having any better place to store the grain, he filled up the college's chapel with it, leading a reverend to remark "Mr. Keynes must believe that God is some sort of enormous chicken."
http://thedailywtf.com/articles/Special-Delivery
Edit: Oops, somebody already posted, later in the thread.
Ok, neat story, certainly.
But is there any indication that it isn't completely fictional?
Edit: similar info here http://www.minyanville.com/businessmarkets/articles/futures-...
It seems these stories tend to be apocryphal. Oh well.