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A fact from Vincent Kosuga appeared on Wikipedia's Main Page in the Did you know column on 10 January 2011 (check views). The text of the entry was as follows:
Comments on article from jjron after DYK nomination:
Article length and creation date is fine and seems well structured, generally well written. AGF on usage of offline refs (entire article is cited offline). Some clarifications I would suggest prior to adding to DYK. (i) No date of birth/death is given, making the timeframe of his life unclear (dates are given later for manipulation of the market, but I still can't place what stage of life he was at - some dates of when he was doing what throughout the article would be nice). (ii) The article says he "manipulat(ed) the onion futures market" which is explained to a degree, but it's never clear whether this was the entire American market or just the Chicago market, and if just Chicago, why this then led to Federal action. (iii) I may just be not reading it properly, but in "Cornering the market" it says they stored their onions in Chicago, and a couple of sentences later says they "re-shipped" the onions to Chicago - when did they ever leave Chicago? (iv) In the same section I'm also not clear on how if Seigel and Kosuga still owned most of the onions, they were able to make millions by driving the price down so low - was it that by driving other farmers into bankruptcy they were able to profit greatly in future, or did they somehow make a packet at the time in a way that I'm not really seeing? (v) The article just ends after the onion incident. Given the article is about the man, it would be nice to know what happened to him after this incident, even if just in a sentence or two. (vi)
Latest comment: 8 years ago1 comment1 person in discussion
Why isn't there a better estimate for how much money these two made on this scheme? It resulted in a congressional investigation, and apparently made the news, as elsewhere it's stated there were 'many commentators' on these events. It resulted in a rare instance of financial legislation, unique to one market, and the story is quirky, so I would imagine it's recounted in a few books about finance. All of the trading was public, right? So surely someone, somewhere, must have either stated an estimate of how much was made, or at least could have added up all of the buy and sell prices, made a rough guess about their warehousing/shipping expenses, and ended up with a much better estimate than between 2 - 19 million (above which I suppose they would have just written 'tens of millions of dollars.') 23.242.135.196 (talk) 16:25, 26 May 2016 (UTC)Reply
