The "cash and carry" philosophy generally refers to a business model where customers pay for goods upfront and take them immediately without any credit or delivery options. In finance, it can also relate to a trading strategy in which investors capitalize on the pricing inefficiencies between the spot price of an asset and its futures price.
In the context of trading and investments, the cash and carry arbitrage strategy suggests that if the futures price of an asset is significantly higher than the spot price plus carrying costs (like storage, insurance, etc.), an investor can buy the asset at the spot price, hold it, and simultaneously sell a futures contract. This approach allows investors to lock in a risk-free profit when the futures contract matures.
If you meant something different by "cash _ and _ carry philosophy," please provide more context, and I'll be happy to help!