David Dredge

David Dredge, a seasoned volatility strategist and author, joins to discuss how risk can be reframed as freedom. He shares his F1 brakes analogy, illustrating how protection boosts resilience in investing. Dredge critiques the traditional 60/40 portfolio, touting a 'preserve and enhance' approach for better long-term performance. He delves into the growing 'Hunger Games' dilemma for global savings amid fiscal repression and demographic shifts, arguing for convexity-focused strategies and the integration of gold and Bitcoin as protective assets.

David Dredge, a seasoned market risk specialist, explores the misinterpretation of risk across global markets. He highlights that Bitcoin's recent struggles reflect structural stress, not failure. Dredge discusses how suppressed volatility invites dangerous leverage, transforming Bitcoin's market landscape through ETFs and options. He warns of systemic vulnerabilities due to traditional finance's interference, critiques central bank policies, and stresses the importance of owning participatory assets and hedges to navigate potential financial turmoil.

David Dredge, Chief Investment Officer of Convex Strategies, shares insights from over 30 years in volatility investing. He critiques traditional Sharpe-focused risk assessments, emphasizing the importance of geometric compounding and positive convexity in portfolios. Dredge discusses the perils of relying on simplistic math, advocates for active management of initial conditions, and highlights the risks of leverage in both public and private markets. He also warns about complacency in market conditions and recommends strategic positioning for better long-term outcomes.

The podcast discusses the BoJ's timid hike, fiscal dominance in bond buying, central banks' shifting views on inflation, and strategies for risk management in volatile markets. David Dredge, CIO of Convex Strategies, shares insights on portfolio positioning, utilizing convexity for risk mitigation, navigating market volatility, and recommended books for understanding economics.

David Dredge, Founder and CIO of Convex Strategies with over 30 years of risk management experience, offers intriguing insights into modern investment practices. He challenges traditional risk frameworks, advocating for a 'barbell' approach to navigate market uncertainties. Dredge highlights the significance of convexity in investment strategies, critiquing conventional measures. He also explores economic risks related to rising interest rates and emphasizes the impact of divergent investment returns, illustrating how key moments can make or break long-term growth.