Vol Persistence, The Unholy Trinity of Risk, and the (100 yr) Dragon Portfolio for our 100th episode with Chris Cole

Mar 10, 2022

Celebrating the 100th episode with Chris Cole from Artemis Capital Management, the podcast covers volatility exposure, risk management, sticky strike regime, inflation, 'Dragon Portfolio', corporate debt, George Lucas Star Wars metaphor, and Dennis Rodman. The conversation delves into unique research pieces, market dynamics, and historical analogies, offering insights into the world of finance and investments.

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Introduction

00:00 • 2min

Navigating Volatility Markets and Risk Management Strategies

02:07 • 10min

Navigating Market Volatility in Times of Conflict and Crisis

11:44 • 17min

The Impact of Central Bank Interventions on Volatility and Risk Strategies

28:19 • 23min

Navigating Corporate Debt Risks and Deflationary Threats

51:41 • 23min

Exploring the Long Ball Strategy in Basketball and Market Investments

01:14:28 • 10min

Analyzing the Fed's Intervention in the Credit Market and Ownership Structures

01:24:01 • 2min

Exploring the Impact of Inflation on Debt and Potential Solutions to a Crisis

01:25:54 • 2min

Casual Star Wars Character Chat and Cinematography Discussion

01:28:00 • 2min

Casual Conversation on Cinematography in Recent Films

01:29:56 • 2min

Picture this...Downtown Chicago...December 2019 B.C. (Before COVID)...The RCM crew is venturing out to a small studio ready to record the first episode of The Derivative, with no video or clue what we were doing! Who would have thought we would be crossing the 100th episode mark just two short years later!?

And, we couldn't celebrate this special milestone without a one-of-kind guest. Chris Cole, founder and CIO of Artemis Capital Management, is taking it up 100%, as he tells us about his very own journey within the industry. From his days of convincing people that they need some long vol – to too many people trying to own long vol and bidding up the cost of that protection — and everything else in between.

But the fun doesn't stop there! We're talking Chris's unique research pieces over the years, digging into his pet dragon (portfolio), George Lucas Star Wars as a long vol metaphor, and his could have been should have been Pulitzer material paper on Dennis Rodman — because who doesn't love the '90s Bulls?! Plus, we're bringing back a favorite fan closer from seasons 1 and 2. Stay tuned, sit back, and enjoy the show!

Chapters:

00:00-02:05 = Intro

02:06-16:38 = The Wide World of Vol, Sticky Strike Regime & Inflation

16:39-45:12 = Unholy Trinity of Risk, Hyper-active Central Banks & Power Law Distributions

45:13-01:08:21 = The 100 yr Dragon Portfolio, Corporate Debt & Gold vs Crypto

01:08:22-01:22:51 = George Lucas' Optionality & Long Vol Rodman

01:22:52-01:31:43 = Hottest Take: Debt Crisis

From the episode:

WHAT WOULD YOU PUT IN A 100-YEAR PORTFOLIO?

Follow along with Chris on Twitter @vol_christopher and visit artemiscm.com for more information on Chris and Artemis Capital Management.

Don't forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.

Disclaimer: This podcast is provided for informational purposes only and should not be relied upon as legal, business, or tax advice. All opinions expressed by podcast participants are solely their own opinions and do not necessarily reflect the opinions of RCM Alternatives, their affiliates, or companies featured. Due to industry regulations, participants on this podcast are instructed not to make specific trade recommendations, nor reference past or potential profits. And listeners are reminded that managed futures, commodity trading, and other alternative investments are complex and carry a risk of substantial losses. As such, they are not suitable for all investors. For more information, visit www.rcmalternatives.com/disclaimer