
PREVIEW: Convexity: The Dredge Dialogue
The ACID Capitalist Podcast
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Convexity: Acceleration and Deceleration
30 years ago, China was less than the GDP of Turk. That's why it's Asian. It's really the end of history with regard to the rise. Most investment portfolios are concave, not convex. They're slowing down in good markets and speeding up in bad markets. And that convexity is that ability increasing on the top side, decreasing on the downside.
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