Now, he is starting a hedge fund dedicated to wagering against the VIX. Investors, he says, have been pounding on his door to get in early, offering him $100 million for starters.
But we do know one big thing – it’s that diversification works on many levels over time, even if it doesn’t work during every day, month or year.
Fast forward eight years and you’ll forgive me if working in finance wasn’t at the top of my agenda as I finished my junior year of college.
Huge amounts of time are spent making great sacrifices to grow wealth; the remainder is often devoted to worrying about depleting it.
The more you know the less you need.
Stock prices fall quickly and recover slowly.
Going to the funeral is part of the social contract we have with our families, our friends, and our tribe, both immediate and extended.
It is tough to plan your financial future around lumpy returns.
These funds just repackage traditional risk exposures.
The outlook for a 60/40 portfolio today is near the lowest it has ever been
So, what stock am I?
Reduce the emotional impact of recent history.
Who’s gonna buy fruit on sticks in a basket?
What’s your favorite arena to play in besides your own? Madison Square.