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Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

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Ben and I sat down with Sal Gilberti to talk about agricultural commodities, a topic

that we have not yet discussed on the show.

And so we've done a little bit of work on commodities in general and the general takeaway that we've, I think both had is that.

You still holding those oil barrels in your backyard?

Nope, didn't take delivery. Bob, you still holding those oil barrels in your backyard?

Nope, didn't take delivery.

So if you look back at like the long-range future,

and so William Bernstein did a little look at this where he, in his book,

Skating to where the puck was, the correlation game in a flat world.

And there was a study done that showed between like 1972 and 1990 GSCI, which is the

Goldman Sachs Commodity Index, had better returns than the S&P with a little bit of higher standard deviation and they're totally uncorrelated.

And so the idea was, well, trading commodities futures has to be like the perfect bet because they have

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