Wrong Answer to the Right Question (guests: Russell Clark, Cem Karsan)
The Market Huddle
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Investing a Low Expector and Environment: A Dangerous Mix
Last year was a blowout year for both trend following and even the more general macro investing that considers relative value. Consider a rival insurance strategy, always owning puts. That sounds expensive. And sounds like it doesn't work most of the time. I've had huge Twitter fights with Naseem Taleb about this. He's just also insufferable at times. It's a dangerous combination. You know, Patrick, that's what I say about you in terms of at least half of that. But I might have some of the same characteristics, which is a dangerous mix with you.
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