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#27: Diego Parrilla On The Perpetual Search For Extreme Optionality

Superinvestors and the Art of Worldly Wisdom

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How to Protect Your Capital With Option Long Volatility Bias

I am very comfortable that, you know, with my views over the medium term. I have absolutely no idea what will happen in the next 24 hours. So I'm always looking for ways to achieve the cheapest optionality possible with the most upside possible. The Holy Grail is if you can do that with positive carry. And those three ideas of how protecting your capital, having a symmetric upside and positive carry is really a big hurdle.

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