Comment by kqr
9 months ago
No, this is a common misconception. If hedging was the point, futures markets would show more evidence of risk aversion than they do. Again, I recommend that Williams' book if you're curious!
9 months ago
No, this is a common misconception. If hedging was the point, futures markets would show more evidence of risk aversion than they do. Again, I recommend that Williams' book if you're curious!
That's only because the markets have been opened up to non-producer/consumer participants.