Posted on February 17, 2009, 9:04 am, by JD Long, under
Uncategorized.
There’s an interesting article in the WSJ this week about poultry farmers who grow for Pilgrim’s Pride (PPC). PPC is in bankruptcy and have canceled grower contracts with 400+ poultry growers. In poultry farming the farmers own the chicken houses and provide the labor but the poultry company (Pilgrim’s Pride, Tyson, Perdue, etc) own the [...]
Posted on February 3, 2009, 4:34 pm, by JD Long, under
Uncategorized.
Let me start by saying that I like Nassim Nicholas Taleb and Benoît Mandelbrot quite a lot. I don’t agree with them all the time, but that is generally true of people I like. I recall reading Mandelbrot’s book The Misbehavior of Markets: A Fractal View of Financial Turbulence some years ago and being struck [...]