Ann: September Quarter 2019 Quarterly Activities Conference Call, page-176

In the macro picture perhaps. The lag between capex => supply coming online, and producing below cost => supply going offline means there's plenty of oversteering going on - and plenty of money to be made for people who can predict big supply imbalances, even if they're only short-lived. The current supply imbalance included! There are a few people here who'd be a bit wealthier if they had a crystal ball for that one.