LONDON — To some, he is a real-life Willy Wonka. To others, he is a Bond-style villain bent on taking over the world’s supply of chocolate. In a stroke, a hedge fund manager here named Anthony Ward has all but cornered the market in cocoa. By one estimate, he has bought enough to make more than five billion chocolate bars. Chocolate lovers here are crying into their Cadbury wrappers — and rival traders are crying foul, saying Mr. Ward is stockpiling cocoa in a bid to drive up already high prices so he can sell later at a big profit. His activities have helped drive cocoa prices on the London market to a 30-year high.
Let me get this straight. One guy bets his left nut to try and make a buck and “rival traders” sit back like sheep complaining that he is trying to make money? What are they trying to do? Lose money? The article continues:
Mr. Ward keep tabs on major cocoa crops. [He says:] “We even have our own weather stations — our very own that no one else has in some parts of the world…”
You don’t need weather stations to trade cocoa. You just need the ‘price.’