Episode 199: A Game of Risk
Words & Numbers
00:00
The Evolution of Futures Contracts
Futures contract is a contract in which I promise to sell you something at some point in the future. We agree today on the price of that thing and investors can use these things in essence gamble on prices of corn or soybeans. This is the commodities market. It would be as interesting as taking a monorail, which is not terribly fascinating. But futures contracts evolved for precisely this purpose.
Transcript
Play full episode
