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Bill Ackman's Strategy for Predicting Volatility
Naseem and Mark seem to have pioneered this as a standalone fund with a specific strategy. Bill Ackman, obviously, during the pandemic he had put on basically an insurance protection using somewhat similar strategy. That's a strategic trade made on timing. Similar to what a lot of the big short guys did for the housing market in the mid-2000s,. Your strategy is basically you always have that big short on.