The History of a Scandal: Metallgesellschaft Revisited with Kevin O’Reilly
The HC Commodities Podcast
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The Itchy Trigger Theory
MGRM went on for the next few years to unwind this position and instead of liquidating everything, they actually just paired back the hedge to a correct level. They were able to mitigate those losses, recover money from the margins and actually over the next two to three years went on to deliver the physical oil to many of those buyers of the term short. So there's a little bit of a truncating of the story to make the point in this. I think we can discard the itchy trigger theory for a variety of reasons. And I think you can probably, so then comes down to bad hedging or intentional strategy that went wrong. The board isn't there to be in
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