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Chris Cole, Artemis Capital Management - You Want To Diversify Based On How Assets Perform In Different Market Regimes | #317

The Meb Faber Show - Better Investing

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Is Long Volatility a Diversifier?

The vast majority of hedge funds as a category are simply long short equity. Those strategies may not be bad necessarily, but they shouldn't be considered diversifiers for the portfolio. LTCM had a sharp ratio of 4.35 before it blew up. XIV was really just a form of a levered beta trade with short tails.

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