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Black Swans, Stock Market Crashes and the Chaos Kings
The Compound and Friends
CalPERS Eliminated the Tail Risk Strategy
The CalPERS Black Swan Hedge was sold by university and they eliminated it. The timing is incredible on that. They could have saved their pensioners a lot of money. If the market were big enough for them to do that, wouldn't that enable them to clean out all of the mediocre hedging?
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highlights
Listen to the best highlights from the podcasts you love and dive into the full episode