T. Boone Pickens (1928–2019) was a prominent American businessman known for his influential role in the energy industry and finance. Rising from his roots in Oklahoma, he built a vast fortune through ventures in oil and corporate takeovers, establishing himself as a key figure in the world of business during the latter half of the 20th century.
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Why do so many niche trading houses hit a certain size…
then flatline…
then slowly fade…
or shut down altogether?
Let’s start with a joke I probably shouldn’t make.
“Access to trades like this… oh no, wait, let me check the Code of Conduct:
‘We do not engage in corruption and we never pay bribes regardless of who we are dealing with or what the local custom is.’”
Right.
If you’ve been in the commodity world long enough, you eventually stop being surprised.
You develop a strange emotional callus — because the stories you hear, and the things you see, slowly get… normalized.
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