Philosophers throughout the centuries have said that if God didn’t exist, man would have invented Him. The creation of futures markets may have been just about as inevitable a concept. Human beings have always had a love-hate relationship with the future: They can’t wait for things to get better, and they fear what will happen tomorrow. On a more mundane level, businesspeople have at least as much difficulty dealing with the unknown as the average person. How can they set firm prices for the products they sell or manufacture if they don’t know what they’ll have to pay for the raw materials they use? This question is at least 6,000 years old, dating back to when a futures market in rice is thought to have developed in China. By the Middle Ages there was already a sophisticated futures purchasing system for wheat and wool. [download]
Format : Ebook.Pdf
Tidak ada komentar:
Posting Komentar