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HENDRIK HERTZBERG: Because the oil industry deals in a commodity with a gigantic supply chain.
Several futures contracts in a commodity are traded during a year.
"If all you are focused on is price you are in a commodity business.
"As good as Dell is, they are fighting in a commodity business," he said.
PLENTY of companies that pump gas through pipes or electrons down wires think they are in a commodity business.
In contrast, the Fidelity Freedom 2030 fund, has about 61 percent in stocks, just under 26 percent in bonds and 7 percent in a commodity fund.
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Haugerud decided to turn her fund, already heavily invested in commodities, into a commodity play.
By itself, of course, a weaker yen will push up import prices, particularly in a commodity-poor country like Japan.
That makes it a hard sell in a commodity-oriented industry that relies on huge volumes and low costs to turn narrow margins into profits.
PC makers are now in a commodities industry.
How do you clock fat margins in a commodity-like manufacturing business?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com