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Self-Evident Commodity Truths

and the 20 year return on high yeild bonds and real estate is not much better than 5%. and equities in the past 10 years are at break even. if you dont adjust cyclically your portfolio you will be barely keeping with inflation (reported, not actual).

diversification is way of averging your return: like a football team with few highly paid stars and a bunch of rookies to bring the payroll down. it helps the uneducated and unsophisticated investor, and is a drag to investors who can play both the long and short side of the asset classes they specialize in.

Do "Images of a Shrinking & Damaged Planet" Influence Commodity Prices?

They only remind me of the margin relative to the position size, nothing else.