4 ms·
Some of these "fancy financial instruments" are not as fancy as you think. For instance, futures and options are a form of insurance. My great grandmother was a
by dtwest 7y ago
Some of these "fancy financial instruments" are not as fancy as you think. For instance, futures and options are a form of insurance. My great grandmother was a farmer and would trade derivatives to insure her crops for the season. Some trader in Chicago can trade this speculatively, but a midwestern farmer has a real world use for the product.
- JustFinishedBSG 7y agoOptions were invented for farmers https://en.wikipedia.org/wiki/Option_(finance)#Historical_uses_of_options https://en.wikipedia.org/wiki/Option_(finance)#Historical_us...
- ibeckermayer 7y agoWow, interesting.