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#32: Christopher Cole On Appreciating Risk
Superinvestors and the Art of Worldly Wisdom
The Art of Value Investing
Trent: I think volatility to me became the only asset class that exists. It's profiting from the expectation of stability or continued stability in the market. You have this expectation that something will mean to me revert to some intrinsic value. And then you have strategies that are long volatility that are in effect playing breakouts that profit from change.
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