Liquidity Cascades
Flirting with Models
00:00
The Middle Course in Managing Market Risks
We would that a sustainable investment plan should provide balance in its risk management across varying economic regimes and market shocks. Those strategies appropriate for an endogenous liquidity event may not be appropriate for an exogenous economic event. We believe we must look for so called positive carry, anti carried trades which also potentially provide a convex hedge in times of stress. A montra repeated here at newfound is that risk cannot be destroyed, only transformed.
Transcript
Play full episode
