Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Lewis Hart

๐Ÿ‘ค Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

Odd Lots
The Hidden Plumbing of Commodity Finance

Yeah.

Odd Lots
The Hidden Plumbing of Commodity Finance

I mean, I like the smell.

Odd Lots
The Hidden Plumbing of Commodity Finance

I've walked through many coffee warehouses.

Odd Lots
The Hidden Plumbing of Commodity Finance

There are a lot of them in New Orleans.

Odd Lots
The Hidden Plumbing of Commodity Finance

There are a lot of them in New Jersey.

Odd Lots
The Hidden Plumbing of Commodity Finance

They're basically burlap bags full of green coffee.

Odd Lots
The Hidden Plumbing of Commodity Finance

Yeah, that should smell good, right?

Odd Lots
The Hidden Plumbing of Commodity Finance

It smells pretty good.

Odd Lots
The Hidden Plumbing of Commodity Finance

So I'm not sure about that story, but the good warehouses store them well.

Odd Lots
The Hidden Plumbing of Commodity Finance

They don't really degrade that quickly.

Odd Lots
The Hidden Plumbing of Commodity Finance

They have a pretty good shelf life and they can last for a pretty long time before they start to

Odd Lots
The Hidden Plumbing of Commodity Finance

decay.

Odd Lots
The Hidden Plumbing of Commodity Finance

But you have to keep moisture away.

Odd Lots
The Hidden Plumbing of Commodity Finance

There are things you have to do to secure the quality of them.

Odd Lots
The Hidden Plumbing of Commodity Finance

And the good warehouses are expert at handling those bags of coffee.

Odd Lots
The Hidden Plumbing of Commodity Finance

Absolutely.

Odd Lots
The Hidden Plumbing of Commodity Finance

You would have location eligibility requirements.

Odd Lots
The Hidden Plumbing of Commodity Finance

So you'd say, I will lend against coffee that's in this warehouse, this warehouse, or this warehouse, but not coffee that's in this warehouse for whatever reason.

Odd Lots
The Hidden Plumbing of Commodity Finance

So that's a big part of your diligence.

Odd Lots
The Hidden Plumbing of Commodity Finance

That's one risk.