I live in a 1930 Craftsman-style house and, like older houses, it comes complete with all the old-fashioned inconveniences (small closets, closed vs open spaces, lots of stairs). In character, renovation brings surprises, some that are fascinating and others…not so much ($$$). But once started, every builder invariably says, “They don’t build them like this anymore”. After nearly a century, it underscores the long-term importance of getting structure right. That’s equally

How often we are told “We’re a conservative business. We don’t have metal price risk here.” But “conservative” does not equal “risk managed” and every metals-based company has price risk in one form or another, yet this is a common claim. The chain of buying and selling, when coupled with a conversion process in between, is especially complex. Hmmm…something smells. Frequent translation: “We don’t really know about our risk, and we don’t track it”. But this isn’t the only “