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Red River Valley | Many times Warren Buffett talks of the three kinds of people -- the Innovator, the Imitators, and the Idiots -- the Innovator figures out first how to use or take advantage of the hand dealt them, the Imitators catch on first to what the Innovator has done and makes some gains but by the time the Idiots jump in all of the advantage is gone and they generally are standing there holding the bag.
Farming is no different many times I think of the Innovators to the rules that the government throws our way -- the guys that learned to live with in their depreciation and the government storage fees they collected back in the old Yellow door tag days.
The Innovators in the early Pick cert. days through pick and roll, The LDP games that were mastered by some very quickly, guys that learned to game the set aside program,
I can't help but wonder if the guy's that learn how to forward contract inside of their Insurance guarantees with what could be very fast and furious weather markets may end up being those Innovators with market structure as it is ( large carry and short basis jumps) this may show up to be an area.
Then again maybe something else will be the Innovator's advantage. Just trying to look forward vs worrying about lost opportunities.
Open to others thoughts
As always time will tell | |
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Where will we find the Innovators advantage for this era
