Recovering From Foot Surgery

How filthy rich and do not understand Memory

Think you are the owner of Cargill, the largest U.S. private company that controls more or less, half the world's grain marketing, and reaches the end of the month. - You can, again to meet with accountants, I think, to have facts and figures that barely understand, instead of riding on horseback in the Club. Turn the cigar, sits in his office and summoned the Chief Auditor. More or less you explain something like this:

"Good morning, Mr. Cargill, here I bring the accounts that have already passed the relevant audits. First I want to congratulate him on his successful management. Observe, first , that in the past six months we achieved a net profit of 2,370 million dollars ... almost the same number as the entire previous year. At this rate we can achieve record profits ...

"And that," you say looking at infinity, because he can not land the data-is it too much money, right?

"Well look, with those benefits could secure one of the objectives of the millennium we all alone: \u200b\u200bthe education of all children. Not bad, right?

"Nothing wrong, of course, and tell me," you say without losing his composure, looking very erudite "and how it was possible if the months of the crisis food?

"Precisely. Look at this game called 'net operating profit. " That is, as we are a grain marketing company, "he tells the accountant, is the game where you collect the data from our farm, buy and sell grain. There have been very high profits compared to last year. With the food crisis the price of corn has risen abruptly, that margin is everything to us. It is a success, first in our Marketing Department, which has helped generate a feeling of lack of food, the Department of Biofuels ... non-stop selling and on the other side of the Department of soybean, which has held at key product in the stores to drive up the price ... everything your grandfather taught us, implemented millimeter.

- Yes, of course, the tactics of his grandfather, please follow .

"In the chapter on 'Extraordinary Income', are again that, extraordinarios." says the book with a giggle .- But you know who call, not the quantity, but because they correspond to our habitual activity. Here, basically we recorded all the benefits that our divisions Cargill Risk Management and Black River Asset Management achieved fictional speculation grain trade. What people more crafty! By managing key information supply and demand for grains, are the most prepared are they to make money on the futures market, traders in Chicago. You know, that was something of his dear father! And you missed

make a naive question. - But the G20 did not want to curb financial speculation with food? "Ha, ha," laughs the accounting- there who was great was its first vice president, Mr. Paul Conway, when Speaking before the meeting of the G20 said literally "the speculators are always an easy target, but the speculators caused food prices to soar in the second half of 2010. The more there are different types of players trying to use the derivatives markets, the more it reflects the true price of the goods. The blame should be restricted to bad weather and natural disasters. "

"Finally," he points out the accounting red numbers on that expenditure will also have an extraordinary item .... This is a donation to help Africa. "Perfect," I breathe you, that's fine, but most of that is money that I got to the population.

"Sure, do not worry, we are in contact with the charity of Bill Gates that drives industrial agriculture on the land ... sure someday ruling the accounting with jargon-will financial return.