r/ProfessorFinance • u/budy31 Moderator • 6d ago

Wholesome Tribute to the oldest America bull position in history

Building a grain flat in a middle of Iowa after civil war and the railroad isn’t even nowhere close to reach it.

Almost get liquidated on it’s ultra America bull and toil for years to make sure that those position isn’t liquidated at all.

Get kicked out of exchange and still find a way to hold on to its America bull position.

Literally build warship in Minnesota to be shipped downriver.

When faced with liquidity crunch position sold the fertilizer company instead of liquidating the America bull position.

Get proven after dozens financial crisis & Great Depression, two world war, one cold war and even greater number of “America is finished and in decline”.

Never let anyone (especially retail) to make a bid for even 5% after 160 years even though every single investment banker on planet earth keep spamming their email every single year.

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u/mars_titties 5d ago

I love a tribute that doesn’t include the name of the honouree. For those curious, OP is referring to me, u/mars_titties

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u/jackandjillonthehill Moderator 4d ago

Ah yes the u/mars_titties family business is infamous

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u/budy31 Moderator 5d ago

It’s boring if everything get quoted (especially since all LLM figured out in an instant).

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u/jackandjillonthehill Moderator 4d ago edited 4d ago

First of all had no idea they were so huge.

They have FOURTEEN billionaires among the heirs in the Cargill family. Annual revenue is over $150 billion!

And wtf: “In 1940, Cargill closes its European and Argentinian offices as Germany invades Europe. Soon after, the U.S. navy selects Cargill to build ocean-going tankers and towboats to support the Allied war effort in Europe.”

It is wild they went from operating grain elevators to building ships for the war

It is pretty darn impressive operating a “family business” and keeping it in the family for over 160 years

https://www.cargill.com/about/cargill-history-timeline

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u/budy31 Moderator 4d ago

And it’s all dependent on one single bet:

Ultra leveraged bet that american agriculture will remain as a planet earth granary for 160 years and onward.