Eiger’s Stephen Wood, Principal and Portfolio Manager, presents ‘Devil takes the Hindmost’, which covers the history of commodity booms to present day.
Speculation in commodity prices and the wave of hype that comes with it is not a new concept. Over the past few hundred years there are many accounts of the rise and fall of a commodity’s price fueled by speculation and the promise of great profits in short term trading. In this video, Stephen discusses market bubbles – the drivers behind the average becoming extremely desirable. Beginning with commodity booms such as Tulip mania and progressing to Iron Ore. The presentation concludes with a summary of the current obsession with Lithium and Rare Earth elements.