It's not just about profitability, but insurance. It allows you to distribute th... | Hacker News

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		AQuantized on April 12, 2020 \| parent \| context \| favorite \| on: Wall Street’s Largest Oil Trade (2017) It's not just about profitability, but insurance. It allows you to distribute the losses over a much longer period of time and fix them in your budget.

ksj2114 on April 12, 2020 [–]

Exactly, its a hedge. You hope you don't make a killing on the hedge!

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