2min chapter

Odd Lots cover image

Nassim Taleb on What Bitcoiners, Anti-Vaxxers and Deadlift Maxis All Get Wrong

Odd Lots

CHAPTER

The Problem With Tail Risk Hedging

Universal is providing a structural service with portfolios to prevent blowups. The problem of tail risk hedging is that just like some back-to-the-street top pay finance was easy because he figured out the technical things. Very, very complicated and it required a lot of experience. There's no free lunch. This is our problem is that if you buy what we call the suckers, but you might go give your money to charities - there's another option which needs money.

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