The history of Universa Investments featuring Nassim Taleb and Mark Spitznagel discussing tail hedging, their 20+ years of working together, and the importance of risk mitigation in investing.
- The Corona crisis is not a Black Swan
- Taxpayers are subsidizing companies who failed to have the right precautionary buffers.
- If your portfolio doesn’t have a (well designed) tail hedge, it’s not a portfolio
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The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution. As a matter of fact, if you study the history of bailouts, there will be.