Absolutely, that’s a great point! The next step is to look at these raw materials along with the oil & natural gas because these two groups together give us all the good stuff: fertilizer, steel, chemicals, plastics, etc.
And that’s where the complexity gets layered in: the total is definitely greater than the sun of the parts but with all these points of failures that we can’t fully mode or control.
Thanks for the book recommendation on commodities, looks very interesting.
Absolutely, that’s a great point! The next step is to look at these raw materials along with the oil & natural gas because these two groups together give us all the good stuff: fertilizer, steel, chemicals, plastics, etc.
And that’s where the complexity gets layered in: the total is definitely greater than the sun of the parts but with all these points of failures that we can’t fully mode or control.