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3. Why Mutiny? Part Three: Why Long Volatility, and Why Now?

Mutiny Investing Podcast

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The White Moose

The white moose is when you think the black swan is coming and you keep on betting it, betting on it over and over. And that's the, the curse of the white moose. Warren Buffett once told a story about his father-in-law who believed FDR was going to take the US off the gold standard which would have led to an economic crash. But if people only believe in white mooses they're going to do extremely well for a number of years before getting wiped out.

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