Jason Buck, Mutiny Fund – Carry, Convexity & The Cockroach | #440
The Meb Faber Show - Better Investing
What's Tail Risk and What Doesn't?
Tail risk is buying deep out of the money put options that can really ballast a portfolio nt in the liquidity event. Long volatility is just buying options on both tails, but you're doing it opportunistically because you're trying to reduce that bleed. The easiest analogies may be forest fires; when wind conditions are high and underbrush is incredibly dry, then that's maybe time to put on put options. Soi give us a broad, ten thousand foot over view of what falls into this category.
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