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The Right Tail of Volatility
There is no way to destroy volatility, it can only be transmuted in time and form. If a ball manager focuses on one tail, they may miss the devaluation of fiat sconario. We've gone from this deflationary collapse to a market that resembles the worst speculative meltups in history. Thebt, there's only two routes, you default on the dead or you default on Fiat.