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Trading Through Turmoil: Lessons from the 2008 Crisis
This chapter reflects on the speaker's experiences at Merrill Lynch during the 2008 financial crisis, emphasizing the contrasts in credit and equity markets. It explores the strategies for trading volatility, including the challenges of long volatility and VIX options, while sharing insights on effective risk management. Additionally, the speaker discusses their journey to simplify trading complexities through a newsletter, aiming to educate others on navigating turbulent markets.