hedging costs more when markets volatile.
if rangers was to fail and we had hedging in place. whipsaw is possible and the whole show gets rocky. doubtful could happen. but it's not without risk.
rangers and or flames up and running, and hedging some, maybe. but where do you stop. hedge A$ US$ too ?
and if we hedge against $100 and it goes to $149 everyone will scream. ..
random thoughts.
Banter and General Comments .. BRK, page-3698
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