“I Made It Up”
Michael Gibbons of Gibbons Trading adds to the “price”:
Michael,
I stopped looking at news as something important in 1978. A good friend of mine was employed as a “reporter” by the largest commodity news service at the time. One day his major “story” was about sugar and what it was going to do. After I read his piece, I asked: “Gary, how do you know all of this?” I will never forget his answer…he said: ” I made it up.”
I have looked only at price since 1978.
Best,
Michael Gibbons
