A new term has emerged in the market: economic hedging! So what is economic hedging?
Let me tell you a story to help you understand.
At the entrance of the vegetable market, there is an old man in a floral shirt squatting, clutching a snake-skin bag and wanting to exchange for 50 pounds of pork ribs. Boss Xu at the seafood stall calls out from behind the freezer: "Hey, are you stocking up?"
The old man replies: "Not at all! I hit it big with stone gambling; just sold off ten trucks of Burmese raw stones!"
Boss Xu responds: "You're just bragging!"
The old man says: "How about we bet that by the time we close today, you can catch a golden arowana from your fish tank? I’ll stake these two baskets of lively crucian carp!"
Boss Xu stares at the live fish tank for a long time, but he doesn't see any golden scales flashing. Gritting his teeth, he agrees to the bet. After the old man leaves, Boss Xu squats by the fish pond and rummages for three hours, not even spotting a patterned grass carp. As he sees the sun setting in the west, he has no choice but to take off his rubber apron and prepare to admit defeat.
The old man comes in, leaning on a cane, followed by a fish killer wearing a gold chain.
The old man says: "Brother, bear witness; let’s see if there’s a golden arowana in this fish pond!"
Boss Xu grabs a net and scoops: "Where would a golden arowana come from? All I have are black carp!" As he says this, he throws a fat-headed fish with a white belly onto the ground.
The old man squints and looks: "Indeed, there isn’t, I lost."
Suddenly, the fish killer slaps his thigh and grabs a fish knife, chopping it on the cutting board: "This is bad! She just bet me 200 pounds of wild soft-shelled turtle, saying she could make Boss Xu jump into the fish pond to catch a golden arowana!"
Through this little story, I hope the brothers can understand the principle!
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