The Tyler Group News Barcelona- One of the things I really hate about the current Wall Streetenvironment is how so many people have been fooled into thinking thatcommodities are a necessary part of your asset allocation. I’ve beenpretty hard on commodities over the years (see thisdetailed piece here). I think it’s mostly just a ruse to sellanother group of products and I think it’s really dangerous. But evenworse, I just think betting on commodities is fundamentally flawed thinking. Not only are you speculating in a zero sum game involving production-lessinput costs, but you’re directly betting against human ingenuity. I don’tlike either of those bets.
