Gundlach was on CNBC yesterday talking about how he sees commodities as being a good buy for 2018. He compared it to the runup in commodities in the 1970s, 1990s, 2011, etc (his reference to Stan Chart was pretty hilarious) For those of us who read the Market Wizards books, we all know the story of how Michael Marcus made untold riches in the 1970s commodity bull market, going from 30k to $100 million The question is, how did he do it, given that: - cotton went from something like 25 cents to 75 cents/lb - soybeans went from $2.50 to $6.80/bushel - wheat went from $2 to $6/bushel, etc which are 2-3x over 10 years (1970 to 1980), compared to his track record of delivering returns over 2500x at Commodities Corp.? eg. Let's say commodities have a major runup, and nat gas goes from $2.60 to $7 (2-3x multiplier). How would Michael Marcus trade this into a 2500x return?