Podcasts about convexity

Sam Gaer's career spans several major shifts in market structure — from the open-outcry pits of COMEX to high-frequency trading and now crypto derivatives. Sam began his career as a teenage runner on the COMEX floor during the gold boom of the early 1980s before becoming a copper pit trader himself. While most traders relied purely on instinct, Sam was already experimenting with technology — building early pricing tools that helped identify inefficiencies in spread markets. His path eventually led beyond the trading floor into exchange technology and market infrastructure, including building trading software that was later acquired by the New York Mercantile Exchange. In recent years, Sam has focused on crypto markets, where he applies traditional derivatives frameworks to volatility, options, and digital asset trading. In this episode, Sam shares insights from decades of experience across multiple market regimes and discusses how trading edge evolves as markets and technology continue to change. In this episode, we explore: · Getting introduced to markets as a teenager · Life inside the COMEX copper trading pits · Early use of computers to price commodity spreads · Inefficiencies in open-outcry markets · Building exchange technology and selling Trading Gear to NYMEX · The transition from pit trading to electronic markets · Market structure lessons from traditional derivatives markets · Why Sam shifted his focus to crypto markets · Opportunities in crypto options and derivatives · Convexity, volatility, and institutional trading frameworks in digital assets About the guest: Sam Gaer, Chief Investment Officer of the Directional Strategy at Monarq Asset Management, has more than three decades of experience across derivatives trading, exchange technology, and quantitative strategy development. He previously served as Chief Information Officer of the New York Mercantile Exchange (NYMEX), where he helped modernize the exchange's trading infrastructure. Earlier in his career, he was a floor trader on the COMEX commodities exchange and later founded Trading Gear, a technology firm whose trading software was acquired by NYMEX. Sam has also launched and managed quantitative trading strategies focused on derivatives and volatility markets, and today works on institutional trading approaches within digital asset markets. Links + Resources: · Website:  https://www.monarq-am.com · Email:  investors@monarq-am.com Sponsor of Chat With Traders Podcast:  Trade The Pool:  ⁠http://www.tradethepool.com Time Stamps: Please note: Exact times will vary depending on current ads. 00:00   Intro and Background 01:48   Early career: COMEX runner to copper pit trader06:40   Programming background and early trading automation16:19   TradingGear: pivot to exchange software and NYMEX sale / CIO role21:09   Trading style evolution: scalping to event-driven and electronic trading23:42   High frequency trading, FINRA experience and entrepreneurship25:09   Transition into crypto: Katana Financial and early crypto market making28:01   Crypto derivatives focus: options, convexity and strategies34:19   Recent crypto market decline: causes, liquidations and regulatory uncertainty39:51   Institutional adoption, ETFs (IBIT) and market-structure impacts42:57   Tokenization, real-world assets and digital asset treasuries (DATs) 56:17   Reflections on markets, challenges and use of AI 58:36   Closing remarks and contact information   Trading Disclaimer:  Trading in the financial markets involves a risk of loss. Podcast episodes and other content produced by Chat With Traders are for informational or educational purposes only and do not constitute trading or investment recommendations or advice. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if the real threat to our economy isn't in tomorrow's headlines—but in the unstoppable march of demographics and a hidden wave of “financial eminent domain”?Lou Diamond sits down with his former mentor, Wall Street legend and the original “Convexity Maven” himself, Harley Bassman, for a riveting, honest conversation that will change how you see global markets, monetary policy, and even your own mortgage.In this candid interview, Harley Bassman unpacks how decades of government policy, economic cycles, and simple human nature keep repeating themselves—no matter how much we hope things will be different this time. From the impending strain of an aging Baby Boomer generation to why gold's recent rise signals more than market speculation, Harley shares his unfiltered perspective on where our financial system is heading and what might make it unravel.Key episode highlights include:The real drivers behind persistent deficits and why both political parties are “just going to print money”—with staggering consequences (05:00)Why Harley believes that market timing is a “terrible idea” and instead urges listeners to focus on 30,000-foot, long-horizon trends (04:17)An exclusive breakdown of Harley's innovative take on mortgage portability, and why your ultra-low-rate mortgage might soon be treated like a financial asset you can literally take with you (10:00)The surprising ways good intentions in public policy often trigger unexpected market distortions—from rent control to historic Fed moves (09:05)Behind the scenes of inventing legendary financial instruments, why the MOVE Index was created, and what it really means to stand “on the shoulders of giants” (07:06)Harley's personal reflections on the scariest economic crisis of his career, and the lasting damage the COVID era did to public trust (19:43)Plus, a speed round of personal favorites, career advice, and why you should “go on vacation with your kids—you're dead a lot longer than you think” (16:11)Whether you're a market veteran or a curious listener, get ready for an episode brimming with hard-won wisdom, sharp humor, and truths the financial news never tells you.Timestamped Episode Overview:00:00 – Intro and welcome with Lou Diamond00:26 – Harley's background and mentoring legacy02:23 – How Harley became a prolific financial writer03:45 – The power (and limits) of episodic market commentary04:08 – Geopolitics, demographics & deficits05:35 – Why history always repeats: “It's never different this time”07:03 – Creating products: Solving problems and seizing mispriced opportunities08:33 – Mortgage portability: A solution to America's housing logjam12:03 – The evolution and politics of the Fed15:38 – Where to find Harley online and why family vacations matter16:50 – Fun Street: Music, movies, lifestyle habits & favorite places19:17 – The scariest market crisis Harley ever lived through21:10 – Lou thanks Harley and wraps up22:00 – Outro and how to stay connectedListen and discover the patterns behind the chaos—only on Thrive Loud.

Michael Green and Harley Bassman unpack asymmetry with Noel Smith of Convex Asset Management. Recorded: December 4th, 2025.For more information, visit https://www.simplify.us. Questions about the content discussed in this video? Please contact info@simplify.us.Simplify Asset Management Inc. is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Simplify Asset Management Inc. and its representatives are properly licensed or exempt from licensure. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This content is not intended to provide investment, tax, or legal advice. This content is solely for informational purposes and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. These materials are made available on an “as is” basis, without representation or warranty. The information contained in these materials has been obtained from sources that Simplify Asset Management Inc. believes to be reliable, but accuracy and completeness are not guaranteed. This information is only current as of the date indicated and may be superseded by subsequent market events or for other reasons. Neither the author nor Simplify Asset Management Inc. undertakes to advise you of any changes in the views expressed herein.

Dr. Dan Ackerman and Dr. Isabel Hostettler discuss the diagnosis, risk factors, and prognosis of RCVS, highlighting the need to recognize symptoms and distinguish it from other causes of subarachnoid hemorrhage.  Show reference:  Hostettler IC, Ponciano A, Wilson D, et al. Outcomes After Reversible Cerebral Vasoconstriction Syndrome With Convexity Subarachnoid Hemorrhage: Individual Patient Data Analysis. Neurology. 2025;105(5):e213984. doi:10.1212/WNL.0000000000213984 

Dr. Dan Ackerman talks with Dr. Isabel Hostettler about the diagnosis, risk factors, and prognosis of RCVS, highlighting the need to recognize symptoms and distinguish it from other causes of subarachnoid hemorrhage. Read the related article in Neurology®.  Disclosures can be found at Neurology.org.  

Investors tend to underestimate the probability of tail risk events and assume market correlations will be stable. These are well-understood yet persistent blind spots that damage long-term portfolio performance. This week, we talk to David Dredge, CIO of Convex Strategies, as he shares his experiences and perspectives on the importance of overcoming these biases and incorporating convexity exposure, towards building greater resilience, maximizing compounding effects in return streams and optimizing for actual, rather than historic, returns.See omnystudio.com/listener for privacy information.

In this episode, Adam Butler is joined by Harley Bassman, Managing Partner at Simplify Asset Management, for a wide-ranging discussion on interest rate volatility, portfolio construction, and public policy. Bassman explains his creation of the MOVE Index before diving into strategies using long-dated options to create asymmetric payoffs. They also explore the systematic risks that challenge diversified portfolios during Fed policy inflection points. The conversation concludes with Bassman's strong case against the re-privatization of Fannie Mae and Freddie Mac, detailing the potential negative consequences for the housing market.Topics Discussed• The creation and mechanics of the MOVE Index as a VIX for the bond market• Explaining complex financial derivatives by drawing analogies to fundamental physics concepts• Constructing highly asymmetric, long-term trades based on the shape of the yield curve• The failure of traditional diversification during major inflection points in Federal Reserve policy• The paradigm shift to passive investing flows overriding traditional market valuation metrics• A new trade idea involving a positive-carry call option on Treasury rates as a recession hedge• The evolution of portfolio tools like Return Stacking and derivative-based ETFs• Identifying U.S. immigration policy as the most significant and overlooked macroeconomic risk• The public policy argument against the re-privatization of Fannie Mae and Freddie Mac

In this episode of Money Tales, our guest is Nancy Davis. At age 8, Nancy watched her mother make what she instinctively knew was a terrible financial decision—buying an excessive number of Persian carpets from a traveling merchant parked in a semi-truck on the side of the road. While most kids would have stayed quiet, Nancy spoke up. She not only convinced her mother that the purchase was reckless, but she also successfully negotiated a return of the carpets her family couldn't afford and didn't have room for. That early lesson in financial prudence shaped much of what followed, from Nancy's decade at Goldman Sachs to founding her own investment firm, Quadratic Capital, in 2013. Nancy Davis founded Quadratic Capital in 2013. Nancy is the portfolio manager for The Quadratic Interest Rate Volatility and Inflation Hedge ETF (NYSE Ticker: IVOL) and The Quadratic Deflation ETF (NYSE Ticker: BNDD). Prior to founding Quadratic, Nancy spent nearly a decade at Goldman Sachs primarily with the proprietary trading group (Goldman Sachs Principal Strategies) where she rose to become the Head of Credit, Derivatives and OTC Trading and headed the team for about 5 years for the prop desk. She also served as a portfolio manager at JP Morgan's hedge fund and in a senior executive role at AllianceBernstein. Nancy has been the recipient of numerous industry recognitions. Barron's named her to their inaugural list of the "100 Most Influential Women in U.S. Finance." Institutional Investor called her a "Rising Star of Hedge Funds." The Hedge Fund Journal tapped her as one of "Tomorrow's Titans." Nancy has been profiled by Forbes, and interviewed by The Economist, The Wall Street Journal, and The Financial Times. Nancy is a frequent guest on financial television including CNBC, Bloomberg, and Fox Business. She is a sought-after speaker for industry events.

This podcast is part of the Ostomy Observations Series, a 6-part series included in the “Educating Today for Exceptional Outcomes Tomorrow” Program. Both the Ostomy Observations podcast series and the Educating Today for Exceptional Outcomes Tomorrow Program are commercially supported through an educational grant from Hollister Incorporated. For more information, visit wocn.org/exceptionaloutcomes. The WOCN® Society does not endorse or support products or services. About the Speaker:Karla Lohnes, RN, MClScWH, BScN, NSWOC, WOCC(C), has over 15 years of experience working as Nurse Specialized in Wound, Ostomy and Continence. She has been certified in WOC nursing since 2012. She works in a tertiary care center providing pre-operative teaching and marking, post-operative ostomy teaching and outpatient support in an ostomy clinic.Editing and post-production work for this episode was provided by The Podcast Consultant.

Amaka discusses her approach to managing peristomal skin and wound care for ostomy patients.  Amaka Akinade is a board-certified Advance Practice Nurse, Adult Health Clinical Nurse Specialist, and Certified Wound Ostomy Nurse. She graduated from the University of Texas at Arlington with a Bachelor of Science in Nursing, obtained her Master of Nursing as an adult clinical nurse specialist from the University of Washington in Seattle, and then pursued her post-master as a family nurse practitioner at Texas A&M Corpus Christi. She is pursuing her doctorate in nursing and practices as an outpatient wound ostomy nurse practitioner at a large accountable care organization. She serves as a leader and clinical resource for colleagues, and she also utilizes her expertise to promote the care of patients. Visit https://www.coloplastprofessional.us/ for more offerings! 

Most investors focus on returns, but what about the shape of those returns? Today, Rich and I explore the often overlooked concept of convexity - a game-changing principle in trend following that helps us thrive in unpredictable markets. Inspired by insights from our recent guest, Dave Dredge, we break down why mastering convexity is key to cutting losses early, riding big winners, and staying ahead of market turbulence.If you're serious about protecting and growing your portfoli - while making smarter, more systematic decisions - this episode is a must-listen. Join us for a deep dive into the mechanics of risk, reward, and the powerful edge convexity can give your portfolio!-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Rich on Twitter.Episode TimeStamps:01:49 - What has caught our attention recently?06:20 - Industry performance update11:10 - Why does convexity matter for trend following?36:13 - What do we actually mean by convexity?42:04 - Sharpe world - the pitfalls of today's economy52:30 - Why risk and volatility can feel like the same thing56:08 - The core of trend following58:22 - Why open trade equity makes no sense for managers01:00:03 - The business of trend following01:01:37 - The exponential potential of trend following01:08:05 - The times have changed - why is trend following more important than ever?01:11:22 - What is up for next week?Copyright © 2024

Episode Resources:JWOCN Article: Use of a Convex Pouching System in the Postoperative Period: A National ConsensusJWOCN Article: Use of Convexity in Pouching: A Comprehensive ReviewJWOCN Article: Characteristics of Convex Skin Barriers and Clinical Application: Results of an International Consensus PanelCollin's social media: Instagram About the Guests:Colin Jarvis is an ileostomy advocate who's been living with an ostomy for over 10 years following a diagnosis of ulcerative colitis. During his junior year at UC Berkeley, Collin was captain of the track and field and cross-country teams, with dreams of becoming a professional athlete. However, the sudden onset of his illness quickly progressed, and within eight months, he underwent ostomy surgery after his large intestine deteriorated beyond repair. Now, Collin embraces his experience, sharing insights to help others navigate life with an ostomy.Tammy Lichtman, BSN, RN, CWON, is a seasoned CWON with 15 years of experience, including roles as Regional Wound and Ostomy Director for home health in Florida and owner of her own consulting business. Her background includes surgical nursing at the Cleveland Clinic and leadership positions at AdventHealth, where she managed the wound/ostomy program across multiple campuses.

Amaka shares her expertise on the use of convexity with ostomy patients along their pre-op and post-op journey.  Amaka Akinade is a board-certified Advance Practice Nurse, Adult Health Clinical Nurse Specialist, and Certified Wound Ostomy Nurse. She graduated from the University of Texas at Arlington with a Bachelor of Science in Nursing, obtained her Master of Nursing as an adult clinical nurse specialist from the University of Washington in Seattle, and then pursued her post-master as a family nurse practitioner at Texas A&M Corpus Christi. She is pursuing her doctorate in nursing and practices as an outpatient wound ostomy nurse practitioner at a large accountable care organization. She serves as a leader and clinical resource for colleagues, and she also utilizes her expertise to promote the care of patients. Visit https://www.coloplastprofessional.us/ for more offerings! 

This video summarizes our July 31 note titled Labor Demand ConvexityWe removed the paywall on this video, to read all of our notes, receive our full audio summaries and for access to client chat for instant reactions to FOMC meetings, employment reports and other macro events, see subscriber information here:Barry C. KnappManaging PartnerDirector of ResearchIronsides Macroeconomics LLC908-821-7584bcknapp@ironsidesmacro.comhttps://www.linkedin.com/in/barry-c-knapp/@barryknappThis institutional communication has been prepared by Ironsides Macroeconomics LLC (“Ironsides Macroeconomics”) for your informational purposes only. This material is for illustration and discussion purposes only and are not intended to be, nor should they be construed as financial, legal, tax or investment advice and do not constitute an opinion or recommendation by Ironsides Macroeconomics. You should consult appropriate advisors concerning such matters. This material presents information through the date indicated, is only a guide to the author's current expectations and is subject to revision by the author, though the author is under no obligation to do so. This material may contain commentary on: broad-based indices; economic, political, or market conditions; particular types of securities; and/or technical analysis concerning the demand and supply for a sector, index or industry based on trading volume and price. The views expressed herein are solely those of the author. This material should not be construed as a recommendation, or advice or an offer or solicitation with respect to the purchase or sale of any investment. The information in this report is not intended to provide a basis on which you could make an investment decision on any particular security or its issuer. This material is for sophisticated investors only. 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There's been some decent ink spilled recently on the “dispersion trade” which has profited from the epically low level of realized correlation among stocks. If winning trades attract capital and erode the margin of safety in the process, is this exposure crowded and vulnerable to an unwind?  In this short pod, I lay out a 5-part, informal framework for thinking about risk-off episodes. In the process, we consider the pricing of vol and correlation. While the spill-over risk from dispersion trades gone wrong doesn't appear to be high, the pricing of index volatility that results from never seen before levels of implied correlation offers a uniquely attractive cost of macro insurance.I hope you enjoy and find this useful.

(12/1/23) The next James Bond movie should be called, "Convexity," starring Michael Lebowitz; looking at the Climate Summit: What's on Bill Gates' agenda? ESG is a farce; it's all about big business; eating bugs and drinking beetle juice. How to execute Thematic Investing; what are the rules needed to manage? The Magazine of Wall Street: How times have changed. Financial Ghosts-past: learning from your mistakes. Calculating your personal debt-to-income ratio, and our recommendations; the wisdom of waiting; wants vs needs. Careful of using online tools to calculate debt ratios (know the source!) "Standard Rules" vs reality. Home affordability and the trend toward smaller houses. Money Scripts & the $5 test: The Ratliff Safe (TM) SEG-1: Convexity & Climate Summits SEG-2: Thematic Investing & The Magazine of Wall Street SEG-3: Financial Ghosts: Learning from your mistakes SEG-4: Using Online Budgeting Tools & The Ratliff Safe Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=qHQ-vptVe1k&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Doing the Bond Math Amid Fiscal Dysfunction" https://www.youtube.com/watch?v=sFql9LaclI0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles Mentioned in this Show: "Context And Facts Expose Bearish Bond Narratives" https://realinvestmentadvice.com/context-and-facts-expose-bearish-bond-narratives/ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #BondInvesting #ClimateSummit #ESG #ThematicInvesting #FinancialGhosts #DebtRatio #MoneyScripts #Markets #Money #Investing

(12/1/23) The next James Bond movie should be called, "Convexity," starring Michael Lebowitz; looking at the Climate Summit: What's on Bill Gates' agenda? ESG is a farce; it's all about big business; eating bugs and drinking beetle juice. How to execute Thematic Investing; what are the rules needed to manage? The Magazine of Wall Street: How times have changed. Financial Ghosts-past: learning from your mistakes. Calculating your personal debt-to-income ratio, and our recommendations; the wisdom of waiting; wants vs needs. Careful of using online tools to calculate debt ratios (know the source!) "Standard Rules" vs reality. Home affordability and the trend toward smaller houses. Money Scripts & the $5 test: The Ratliff Safe (TM) SEG-1: Convexity & Climate Summits SEG-2: Thematic Investing & The Magazine of Wall Street SEG-3: Financial Ghosts: Learning from your mistakes SEG-4: Using Online Budgeting Tools & The Ratliff Safe Hosted by RIA Advisors' Director of Financial Planning, Richard Rosso, CFP, w Senior Financial Advisor Danny Ratliff, CFP Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel:   https://www.youtube.com/watch?v=qHQ-vptVe1k&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=4s -------- The latest installment of our new feature, Before the Bell, "Markets Need a Breather" is here: https://www.youtube.com/watch?v=ZMOtmA1IJ8w&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Our previous show is here: "Doing the Bond Math Amid Fiscal Dysfunction" https://www.youtube.com/watch?v=sFql9LaclI0&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Articles Mentioned in this Show: "Context And Facts Expose Bearish Bond Narratives" https://realinvestmentadvice.com/context-and-facts-expose-bearish-bond-narratives/ ------- Get more info & commentary:  https://realinvestmentadvice.com/newsletter/ -------- Register for our next Candid Coffee: https://us06web.zoom.us/webinar/register/6316958366519/WN_jCrzdX9uSJSrg5MBN5Oy8g ------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #BondInvesting #ClimateSummit #ESG #ThematicInvesting #FinancialGhosts #DebtRatio #MoneyScripts #Markets #Money #Investing

In this podcast, Arindam Sandilya, Ladislav Jankovic, Lorenzo Ravagli and Juan Duran-Vara  we discuss the FX volatility backdrop and six themes that we think are worth watching for 2024. Namely, 1) carry collecting, 2) JPY and x-JPY directional and volatility, 3) efficient hedges for unwinds in Latam, 4) defensive, low decay forward volatility structures, 5) US elections pricing, and 6) Convexity.   This podcast was recorded on 27 November 2023. This communication is provided for information purposes only. Institutional clients can view the related report at https://www.jpmm.com/research/content/GPS-4565749-0 ,  https://www.jpmm.com/research/content/GPS-4557523-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. © 2023 JPMorgan Chase & Co. All rights reserved. This material or any portion hereof may not be reprinted, sold or redistributed without the written consent of J.P. Morgan. It is strictly prohibited to use or share without prior written consent from J.P. Morgan any research material received from J.P. Morgan or an authorized third-party (“J.P. Morgan Data”) in any third-party artificial intelligence (“AI”) systems or models when such J.P. Morgan Data is accessible by a third-party. It is permissible to use J.P. Morgan Data for internal business purposes only in an AI system or model that protects the confidentiality of J.P. Morgan Data so as to prevent any and all access to or use of such J.P. Morgan Data by any third-party.

Click here to review a case study “Intraoperative Use of Soft Convexity”Click here to see the Hollister CeraPlusTM Product PortfolioIf you have convexity-related questions for Rosemary, feel free to send an email to rosemary.Hill@vch.ca About the Speaker:Rosemary Hill, BSN, CWOCN, WOCC(C), has been a nurse for over 35 years and is the recipient of the Award of Excellence in Practice from the Association of Registered Nurses of British Columbia. She works at Lions Gate Hospital as a Nurse Specialized in Wound Ostomy and Continence (NSWOC). Her past volunteer activities include President of NSWOC from 2016-2018. Rosemary participates as a member on the British Columbia provincial Skin and Wound committee, continues to chair the Provincial Ostomy committee, and is an expert speaker at national and international events. Most recently volunteer activities have taken her to Argentina where she worked to provide wound education.

I first interviewed Judd in April. Since then, the interview has become my most popular episode. This is partly due to Judd's acumen, deep knowledge on the subject matter, and my ability to shut up and listen. The offshore energy thesis has played out as Judd described in April. And this episode is a great way to get up to speed if you want to learn more about it. I still think we're in the early innings of this offshore energy cycle. If you'd like to learn more about Judd, DM him on Twitter ⁠@CorneliaLake⁠. Finally, thanks to the following sponsors for making the podcast a reality! Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT's mission. To help the emerging manager community more broadly, they created ⁠emergingmanagers.org⁠, a website for emerging manager stockpickers. I highly recommend the site for those looking to start a stock-picking fund or learn how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, all from those who know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to ⁠tegus.co/valuehive⁠ for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR daily in my process, and I know you will too. Make sure to check them out at ⁠TIKR.com/hive⁠. Capital Employed If you are seeking new investing ideas make sure you subscribe to Capital Employed.  A newsletter that interviews small and microcap fund managers who share their best ideas.  They also publish a biweekly newsletter which features a curation of excellent stock pitches from renowned investors, both private and professional.  To receive this newsletter visit ⁠⁠www.capitalemployed.com⁠⁠. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Also: ‘Kilts' and Central Bank Stories.

Episode #112: Navigating Life with an Ostomy Bag - Tips and Insights In this week's episode we discuss:  Carly's Ostomy Journey: She shares how she came to be in an ostomy Adjusting to Life with an Ostomy: What it took to adjust to having one.  Advocacy and Finding Support: How she found and created her support team  Advocacy Efforts and Challenges: She shares her advocacy work and how to find yours.  Promoting Awareness and Support: How important awareness is.  Understanding the Significance of a Stoma: A clear definition of what a stoma is and its significance in an ostomate's life. Advancements in Ostomy Bags: A discussion on the remarkable progress in ostomy bag design, focusing on enhanced comfort and discretion. The Great Bag Cover Debate: The age-old debate about whether to cover ostomy bags with decorative covers. Navigating Skin Issues: Carly's personal journey of dealing with skin issues and the pursuit of the perfect fit for ostomy care. Convexity and Bag Types: The importance of convexity for some ostomates and Carly's transition from deep to soft convexity. Adhesive Remover Spray: The vital role of adhesive remover spray in ensuring gentle bag changes and skin care. Traveling with Ostomy Supplies: Tips for always being prepared while traveling, especially when flying and going through security. Emergency Supplies: The importance of carrying essential supplies in your carry-on luggage and the potential support from hospitals in emergencies. Embracing Acceptance and Self-Love: An empowering message to ostomates, emphasizing the significance of self-acceptance and embracing one's uniqueness as a catalyst for personal growth. This episode of the Beautiful Bag Podcast provides a comprehensive exploration of life with an ostomy bag, offering emotional support and a treasure trove of practical tips. Carly Allen's journey and her remarkable advocacy work serve as a beacon of hope and empowerment, inspiring ostomates worldwide to embrace their own journeys with acceptance and self-love. Connect with us:  Hollister Youtube video :   LeeAnne on Instagram  Carly on Instagram  The Beautiful Bag on Instagram 

MacroVoices Erik Townsend and Patrick Ceresna welcome Convexity Maven Harley Bassman to the show. Harley says why take credit risk when the market is paying traders who understand convexity more handsomely. They also discuss inflation and the other usual macro suspects. https://bit.ly/3ZeEsmF Download Harley's charts: https://bit.ly/45TT516 Check out Energy Transition Crisis on YouTube: https://www.youtube.com/@EnergyTransitionCrisis1 Download Big Picture Trading chartbook

Daniel discusses the Politburo meeting in China, the positive reaction from the markets on Hong Kong China equities so far, and how investors can position their portfolioSpeaker:Daniel Lam, Head of Equity Strategy, Standard Chartered BankFor more of our latest market insights, visit Market views on-the-go or subscribe to Standard Chartered Wealth Insights on Youtube.

To hear the entire conversation sign up at https://www.patreon.com/HughHendry. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

In today's episode, MUFG Head of Prepayment Modeling and Strategy, Glenn Schultz, reviews April remittance data highlighting the ‘Kings of Carry' and relative value around the convexity cross, and the outlook for the agency mortgage basis given the FDIC liquidations current U.S. budget negotiation. He also discusses the possible implications of the debt ceiling brinksmanship on both the GNMA and Conventional MBS sectors. Disclaimer: www.mufgresearch.com (PDF)

Hey guys! This week I'm stoked to have Judd Arnold on the podcast. Judd runs Lake Cornelia Research Management, a hedge fund and bespoke investment research firm. Judd joined The Value Hive to break down the Offshore Energy Industry. Most of the podcast discusses convexity, how to find it within the offshore space, and how to compare various convexity levels between industry opportunities. You can easily tell Judd knows his industry inside out, which makes for a highly educational (and entertaining!) conversation. If you'd like to learn more about Judd, DM him on Twitter @CorneliaLake. Finally, thanks to the following sponsors for making the podcast a reality! Mitimco This episode is brought to you by MIT Investment Management Company, also known as MITIMCo, the investment office of MIT. Each year, MITIMCo invests in a handful of new emerging managers who it believes can earn exceptional long-term returns to support MIT's mission. To help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. I highly recommend the site for those looking to start a stock-picking fund or learn how others have done it. You'll find essays and interviews by successful emerging managers, service providers used by MIT's own managers, essays MITIMCo has written for emerging managers, and more! Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, all from those who know it best. I spend nearly all my time reading Tegus calls on existing holdings and new ideas. And I know you will too. So if you're interested, head on over to tegus.co/valuehive for a free trial to see for yourself. TIKR TIKR is THE BEST resource for all stock market data, I use TIKR daily in my process, and I know you will too. Make sure to check them out at TIKR.com/hive. --- Support this podcast: https://podcasters.spotify.com/pod/show/valuehive/support

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: $500 Bounty/Contest: Explain Infra-Bayes In The Language Of Game Theory, published by johnswentworth on March 25, 2023 on The AI Alignment Forum. Here's my current best guess at how Infra-Bayes works: We want to get worst-case guarantees for an agent using a Bayesian-like framework. So, let our agent be a Bayesian which models the environment as containing an adversary which chooses worst-case values for any of the things over which we want worst-case guarantees. That's just a standard two-player zero-sum game between the agent and the adversary, so we can import all the nice intuitive stuff from game theory. ... but instead of that, we're going to express everything in the unnecessarily-abstract language of measure theory and convex sets, and rederive a bunch of game theory without mentioning that that's what we're doing. This bounty is for someone to write an intuitively-accessible infrabayes explainer in game theoretic language, and explain how the game-theoretic concepts relate to the concepts in existing presentations of infra-bayes. In short: provide a translation. Here's a sample of the sort of thing I have in mind: Conceptually, an infrabayesian agent is just an ordinary Bayesian game-theoretic agent, which models itself/its environment as a standard two-player zero-sum game. In the existing presentations of infra-bayes, the two-player game is only given implicitly. The agent's strategy π solves the problem: maxπmine∈BEπe[U] In game-theoretic terms, the "max" represents the agent's decision, while the "min" represents the adversary's. Much of the mathematical tractability stems from the fact that B is a convex set of environments (i.e. functions from policy π to probability distributions). In game-theoretic terms, the adversary's choice of strategy determines which "environment" the agent faces, and the adversary can choose from any option in B. Convexity of B follows from the adversary's ability to use mixed strategies: because the adversary can take a randomized mix of any two strategies available to it, the adversary can make the agent face any convex combination of (policy -> distribution) functions in B. Thus, B is closed under convex combinations; it's a convex set. I'd like a writeup along roughly these conceptual lines which covers as much as possible of the major high-level definitions and results in infra-bayes to date. On the other hand, I give approximately-zero shits about all the measure theory; just state the relevant high-level results in game-theoretic language, say what they mean intuitively, maybe mention whether there's some pre-existing standard game-theory theorem which can do the job or whether the infra-bayes version of the theorem is in fact the first proof of the game-theoretic equivalent, and move on. Alternatively, insofar as core parts of infrabayes differ from a two-player zero-sum game, or the general path I'm pointing to doesn't work, an explanation of how they differ and what the consequences are could also qualify for prize money. Bounty/Contest Operationalization Most of the headache in administering this sort of bounty is the risk that some well-intended person will write something which is not at all what I want, expecting to get paid, and then I will either have to explain how/why it's not what I want (which takes a lot of work), or I have to just accept it. To mitigate that failure mode, I'll run this as a contest: to submit, write up your explanation as a lesswrong post, then send me a message on lesswrong to make sure I'm aware of it. Deadline is end of April. I will distribute money among submissions based on my own highly-subjective judgement. If people write stuff up early, I might leave feedback on their posts, but no promises. I will count the "sample" above as a submission in its own right - i.e. I will imagine t...

Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: $500 Bounty/Contest: Explain Infra-Bayes In The Language Of Game Theory, published by johnswentworth on March 25, 2023 on LessWrong. Here's my current best guess at how Infra-Bayes works: We want to get worst-case guarantees for an agent using a Bayesian-like framework. So, let our agent be a Bayesian which models the environment as containing an adversary which chooses worst-case values for any of the things over which we want worst-case guarantees. That's just a standard two-player zero-sum game between the agent and the adversary, so we can import all the nice intuitive stuff from game theory. ... but instead of that, we're going to express everything in the unnecessarily-abstract language of measure theory and convex sets, and rederive a bunch of game theory without mentioning that that's what we're doing. This bounty is for someone to write an intuitively-accessible infrabayes explainer in game theoretic language, and explain how the game-theoretic concepts relate to the concepts in existing presentations of infra-bayes. In short: provide a translation. Here's a sample of the sort of thing I have in mind: Conceptually, an infrabayesian agent is just an ordinary Bayesian game-theoretic agent, which models itself/its environment as a standard two-player zero-sum game. In the existing presentations of infra-bayes, the two-player game is only given implicitly. The agent's strategy π solves the problem: maxπmine∈BEπe[U] In game-theoretic terms, the "max" represents the agent's decision, while the "min" represents the adversary's. Much of the mathematical tractability stems from the fact that B is a convex set of environments (i.e. functions from policy π to probability distributions). In game-theoretic terms, the adversary's choice of strategy determines which "environment" the agent faces, and the adversary can choose from any option in B. Convexity of B follows from the adversary's ability to use mixed strategies: because the adversary can take a randomized mix of any two strategies available to it, the adversary can make the agent face any convex combination of (policy -> distribution) functions in B. Thus, B is closed under convex combinations; it's a convex set. I'd like a writeup along roughly these conceptual lines which covers as much as possible of the major high-level definitions and results in infra-bayes to date. On the other hand, I give approximately-zero shits about all the measure theory; just state the relevant high-level results in game-theoretic language, say what they mean intuitively, maybe mention whether there's some pre-existing standard game-theory theorem which can do the job or whether the infra-bayes version of the theorem is in fact the first proof of the game-theoretic equivalent, and move on. Alternatively, insofar as core parts of infrabayes differ from a two-player zero-sum game, or the general path I'm pointing to doesn't work, an explanation of how they differ and what the consequences are could also qualify for prize money. Bounty/Contest Operationalization Most of the headache in administering this sort of bounty is the risk that some well-intended person will write something which is not at all what I want, expecting to get paid, and then I will either have to explain how/why it's not what I want (which takes a lot of work), or I have to just accept it. To mitigate that failure mode, I'll run this as a contest: to submit, write up your explanation as a lesswrong post, then send me a message on lesswrong to make sure I'm aware of it. Deadline is end of April. I will distribute money among submissions based on my own highly-subjective judgement. If people write stuff up early, I might leave feedback on their posts, but no promises. I will count the "sample" above as a submission in its own right - i.e. I will imagine that three-par...

Today, we are joined by Nigol Koulajian and Mike Harris from Quest Partners, for a conversation on how they use a research driven, quantitative and systematic trading approach to generate alpha. We discuss how they generate convexity and why they have chosen to focus on short-term time frames, why they believe some investors have become too focused on Sharpe and how they use trend following and crowding in their process. We also discuss how they use an adaptive learning technique to understand markets whilst being aware of the dangers of machine learning, the power and importance of data and the potential risks of replicating managers, why liquidity is dynamic and very unpredictable and much more.----------EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Alan on Twitter.Learn more about Quest Partners.Episode Timestamps:02:08 - Introduction to Quest Partners 03:34 - Their investment philosophy 07:35 - A structural change in markets 15:04 - Too focused on Sharpe? 20:55 - Creating momentum 24:18 - A move toward multi-strat? 37:35 - Managing the crowd 39:13 - The persistency of market environments 41:45 - A type of machine learning? 44:12 - The source of opportunities 48:34 - The "D" word 53:30 - Thoughts on CTA replication 01:00:12 - Being a short term manager 01:02:30 - Liquidity issues and changes in markets...

MedLink Neurology Podcast is delighted to feature selected episodes from BrainWaves, courtesy of James E Siegler MD, its originator and host. BrainWaves is an academic audio podcast whose mission is to educate medical providers through clinical cases and topical reviews in neurology, medicine, and the humanities, and episodes originally aired from 2016 to 2021. Originally released: September 17, 2020 You know the triad for normal pressure hydrocephalus (NPH). Wet, wobbly, and wacky. And you have probably heard of the Evan's index—the relative proportion of the lateral ventricles in reference to the inner table of the skull. But you might not have heard of high-convexity tight sulci. Now you have. Produced by James E Siegler. Music courtesy of Jason Shaw, Javolenus, and Lee Rosevere, under a Creative Commons License. The opening theme was composed by Jimothy Dalton. Sound effects by Mike Koenig and Daniel Simion. BrainWaves' podcasts and online content are intended for medical education only and should not be used for clinical decision-making. Be sure to follow us on Twitter @BrainWavesaudio for the latest updates to the podcast. REFERENCES Allali G, Laidet M, Armand S, et al. A combined cognitive and gait quantification to identify normal pressure hydrocephalus from its mimics: The Geneva's protocol. Clin Neurol Neurosurg 2017;160:5-11. PMID 28605723Graff-Radford J, Gunter JL, Jones DT, et al. Cerebrospinal fluid dynamics disorders: Relationship to Alzheimer biomarkers and cognition. Neurology 2019;93(24):e2237-46. PMID 31719134Kitagaki H, Mori E, Ishii K, Yamaji S, Hirono N, Imamura T. CSF spaces in idiopathic normal pressure hydrocephalus: morphology and volumetry. AJNR Am J Neuroradiol 1998;19(7):1277-84. PMID 9726467Sasaki M, Honda S, Yuasa T, Iwamura A, Shibata E, Ohba H. Narrow CSF space at high convexity and high midline areas in idiopathic normal pressure hydrocephalus detected by axial and coronal MRI. Neuroradiology 2008;50(2):117-22. PMID 17992524We believe that the principles expressed or implied in the podcast remain valid, but certain details may be superseded by evolving knowledge since the episode's original release date.

In this episode we are joined by Harley Bassman, Managing Partner at Simplify ETFs. Harley's work on convexity and how to utilize it in portfolios earned him the nickname the Convexity Maven. We discuss convexity and how investors can benefit from it in their investment strategies and also cover a wide range of other topics, including inflation, housing, Fed policy and a lot more. We hope you enjoy the discussion. ABOUT THE PODCAST Excess Returns is an investing podcast hosted by Jack Forehand (@practicalquant) and Justin Carbonneau (@jjcarbonneau), partners at Validea. Justin and Jack discuss a wide range of investing topics including factor investing, value investing, momentum investing, multi-factor investing, trend following, market valuation and more with the goal of helping those who watch and listen become better long term investors. SEE LATEST EPISODES https://www.validea.com/excess-returns-podcast FIND OUT MORE ABOUT VALIDEA https://www.validea.com FOLLOW OUR BLOG https://blog.validea.com FIND OUT MORE ABOUT VALIDEA CAPITAL https://www.valideacapital.com FOLLOW JACK Twitter: https://twitter.com/practicalquant LinkedIn: https://www.linkedin.com/in/jack-forehand-8015094 FOLLOW JUSTIN Twitter: https://twitter.com/jjcarbonneau LinkedIn: https://www.linkedin.com/in/jcarbonneau

In today's episode, MUFG Head of Prepayment Modeling and Strategy Glenn Schultz discusses the October remittance data and outlines our views with respect to winter seasonal turnover prepayment, 2023 issuance, and investors' search for convexity in the agency MBS. He also discusses the use of machine learning to identify unique convexity profiles, and how investors may leverage machine learning to create excess risk adjusted returns in the agency MBS market. Disclaimer: www.mufgresearch.com (PDF)

In this episode of Engaging Alternatives Spotlight, Elana Margulies-Snyderman, Director, Publications, EisnerAmper, speaks with Nancy Davis, Chief Investment Officer of Quadratic Capital Management, a Greenwich, Connecticut-based investment advisory firm focused on convexity strategies.     She shares with us her outlook for investing in convexity strategies, including the greatest opportunities and challenges, her experience being a woman investment manager in the industry and how the firm is embracing DEI.

We've got a special edition podcast this week! A little while back, Jason sat down with his friend Meb Faber to talk about all things investing. For those who didn't get a chance to listen to it, we thought we'd do a swapcast version so that way you could hear Meb and Jason discuss all things related to broadly diversified portfolios, different investing philosophies, and different investing vehicles that an entrepreneur could put together for clients. I hope you enjoy this conversation with Meb!    

Fixed income market legend Harley Bassman (@convexitymaven), known as “The Convexity Maven,” joins Julia La Roche on episode 24 for a wide-ranging conversation on the bond market, volatility, housing, demographics, and more. Bassman is currently a managing partner at Simplify Asset Management, a fast-growing Exchange Traded Funds (ETFs) provider. At the recording date, the Simplify Interest Rate Hedge ETF (PFIX), which aims to hedge interest rate movements arising from rising long-term interest rates and to benefit from market stress when fixed income volatility increases, is up 100% year-to-date. Bassman is also the creator of the MOVE Index, a standard measure of interest rate volatility similar to the VIX. He clarifies how investors should think about the index and why levels near 50 and 150 are the “wrong number.” In the conversation, Bassman discusses the implications of the Federal Reserve's monetary policy and why there needs to be a repricing of all assets for reality. 0:00 Intro 0:31 Harley's background 1:42 Convexity explained 3:22 Macro views 5:17 Inflation isn't coming down quickly 8:30 The Fed is doing the job 11:17 Demographics is the iceberg 14:17 Boomers have robbed the Millennials 15:14 Public policy mistake with housing 18:14 People trying to buy a house right now are ‘unfortunate' 20:40 Not going to be a housing crisis 22:19 The MOVE Index 30:27 Yield Curve single best predictor of a recession 34:58 MOVE and the VIX 37:19 Stocks will likely go down in an orderly fashion 40:25 The world's not broken 43:47 Repricing for reality 46:34 Recession outlook 49:55 Learn to write, expand your mind 53:12 The Maven Mantra

In this episode I talk with Robert Mullin, general partner and portfolio manager at Marathon Resource Advisors. Marathon Resource Advisors manages investment strategies focused on income generating natural resource equities in the energy, mining, agriculture and renewables space. We talk about: CapEx Perfect Storm ESG is New OPEC Fake vs. Real Economy Hedging Cyclical Risk in a Secular Bull I hope you enjoyed this conversation with Robert as much as I did!  

Will crypto have a place in a multi-asset trend-following strategy? What's the academic foundation for why trend-following works when so many other strategies have been proven wrong? And what can investors do to protect their portfolios from the ‘Achilles Heel' of trend? Campbell Harvey, Professor of Finance at Duke University, joins the podcast to discuss his ground-breaking research into trend-following and his latest books including Strategic Risk Management and DeFi and the Future of Finance. 

Sean and Plan Marcus have an insanely insightful conversation with Dutchy (@dutchymitts on Twitter) Radiation, Nuclear Energy, and of course Bitcoin. One of our favorite episodes so far, a big thank you to Dutchy for joining and dropping so much signal. Recorded on Wednesday, September 21, 2022. LNURL DONATIONS: mf@bitcrons.com 0:00 Intros 0:35 Let's not make this an Ethereum Interview 3:30 Who is Dutchy? 7:50 Practical Decision Making vs Emotional 12:30 Nuclear and Radiation 21:00 The Curious Understand Bitcoin 24:45 You Become Your Own Hero in Bitcoin 27:30 Convexity and Exponentials 29:40 Bitcoin is an Open System to Transfer Value/Money 34:30 Bitcoin Cannot Be Stopped 39:30 No Backsies in Bitcoin 41:30 Solar Energy 44:20 Pain Brings You to Bitcoin 47:30 Bitcoin is Hope, Now What? 52:15 Measure Price from Bottom to Bottom 56:40 Outtros

Today's guest is Jason Buck, founder and CIO of Mutiny Funds, which specializes in volatility, options, hedging, and portfolio construction. In today's episode, Jason shares the winding path that led him to launch Mutiny Funds and focus on the risk management side of things. We spend a lot of time talking about what true diversification looks like and why people don't consider human capital when constructing portfolios. Jason shares how this led him to launch the cockroach portfolio and long volatility strategies. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.  ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here! 

Join us for part 2 of this series, as we continue the conversation with Dr. Elizabeth Raskin and Janet Stoia-Davis. They discuss convexity in the post-operative phase referencing the newly released Use of a Convex Pouching System in the Postoperative Period: A National Consensus.Guests' bio: Dr. Raskin is a colorectal surgeon and fellow of both the American College of Surgeons and American Society of Colon and Rectal Surgeons and specializes in bowel conservation and minimal invasive approaches. She is currently the surgical director of the Margolis Inflammatory Bowel Disease Program at Hoag Hospital in Newport Beach, CA Janet is a Registered Nurse, Certified Wound, Ostomy and Continence Nurse, and a Foot Care Nurse. She has been working as a CWOCN for over 36 years across the continuum with a focus on quality of life. Visit https://www.coloplast.us/professional/ for more educational offerings.

Join Dr. Elizabeth Raskin and Janet Stoia-Davis as they discuss convexity in the post-operative phase referencing the newly released Use of a Convex Pouching System in the Postoperative Period: A National Consensus.Guests' bio: Dr. Raskin is a colorectal surgeon and fellow of both the American College of Surgeons and American Society of Colon and Rectal Surgeons and specializes in bowel conservation and minimally invasive approaches. She is currently the surgical director of the Margolis Inflammatory Bowel Disease Program at Hoag Hospital in Newport Beach, CA Janet is a Registered Nurse, Certified Wound, Ostomy and Continence Nurse, and a Foot Care Nurse. She has been working as a CWOCN for over 36 years across the continuum with a focus on quality of life. Visit https://www.coloplast.us/professional/ for more educational offerings.

This week's guest may be new to Twitter (@nancy__davis), but she's certainly not new to the wide world of volatility in all its wonderous “fruit” forms, including of course rates and fixed income volatility. In this Derivative episode, Jeff sits down with one of the "100 Most Influential Women in U.S. Finance," Nancy Davis. Nancy, who started her career at Goldman Sachs, is the founder of Quadratic Capital, portfolio manager for the IVOL and BNDD ETFs, and a frequent finance commentator on Bloomberg and CNBC. In this engaging chat, Nancy is talking TIPS (inflation, duration exposure, plus real yields, and yield curve control), debit card vs credit card investing, why most bond investors are short mortgage calls, the purpose of IVOL, the day-to-day of running an ETF (the Vanguard of Convexity), a mother's love for options, what it takes to make it as a female in finance, why having a P&L is the key to meritocracy, and much more. Plus, we're playing two truths and a lie where we find out if she has a strong poker face or if that's just a reference to her doppelganger — SEND IT! Chapters: 00:00-01:29 = Intro 01:30-20:26 = Everything TIPS: a single inflation index, duration exposure, real yields & yield curve control 20:27-30:56 = Debit Card Investing: Risk Management budgets & Orders of Operation 30:57-47:31 = The Purpose of IVOL, Mortgage rates & Bond portfolios, & Rate Risk vs Spread risk 47:32-55:13 = Running an ETF: The Vanguard of Convexity 55:14-01:04:58 = Goldman's not a Squid, A mothers love for Options & What it takes to make it 01:04:59-01:12:17 = Two Truths & a Lie: Gaga edition Follow Nancy on Twitter @nancy__davis and for more information on Quadratic Capital visit quadraticllc.com 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

 In this episode* Terran Sims shares her contribution to the convexity consensus statement publication, the importance of post-operative convexity, and selecting the right product to meet the patients' needs. Guest bio: Terran Sims received her bachelor's from the University of Alabama and her master's degree in Nursing as well as Acute Care Nurse Practitioner degree from the University of Virginia in Charlottesville Virginia. She also trained in the University of Virginia School of nursing WOC Certification program and is certified as an ostomy continence nurse. She currently works as an oncologic nurse practitioner in the Division of Urology at the University of Virginia in Charlottesville, Virginia. Her current focus is care of patients in the urology division that have urologic cancer, including bladder cancer and urinary diversions such as ileal conduit. Previously she worked with patients undergoing gastrointestinal oncologic surgery who had ileostomies and colostomies. She has recently participated in the Coloplast consensus project exploring the use of convexity pouching systems in the post-operative period. She has presented on the care of patients with bladder cancer and urinary diversions as well as published chapters in several textbooks, articles relating to urologic/oncologic patient care, and published articles in the Journal of Wound Ostomy Continence Nursing (JWOCN), most recently a case report regarding the use of telehealth for urostomy patient post-operative complications.  *Terran is interviewed by host and Coloplast employee Mackenzie Bauhs Visit https://www.coloplast.us/professional/ for more educational offerings.

This is Part 11 of Ben's Notes from the Field series. I don't need to calculate a Sortino ratio to know if my dogs are doing a Good Job. Same with active investment management. Same with active citizenship. It's all about embracing Convexity, not as a mathematical cartoon, but as a philosophy.

Today's guest is Paul Kim, co-founder and CEO of Simplify Asset Management, an ETF provider focused on helping advisors build better portfolios.     In today's episode, Paul kicks it off by giving us an overview of Simplify and the firm's focus on long volatility ETFs that either generate income or hedge downside risk. We discuss the ability to use options in the ETF structure, an idea Paul and his team have embraced to create convex strategies. After looking back at Paul's time at Pimco, we dive into some of his strategies. We touch on strategies that hedge bonds and stocks and even Simplify's thematic health care ETF that gives 100% of the proceeds to charity. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: Today's episode is sponsored by The Active Share podcast. If you're seeking the less obvious and are curious about the ever-changing world and how it affects investing, The Active Share podcast is for you. Hear thought-provoking conversations with thought leaders, company executives, and William Blair Investment Management's own analysts and portfolio managers as they share unique perspectives on investing in a world that's always evolving. Listen to The Active Share on Apple Podcasts, Google Podcasts, Stitcher, Spotify or TuneIn or visit here.

Macro Confessions Part XXX,  the Acid Capitalist is joined by his trusted lieutenant, @ToStRo and together with The Sweeney Alchemist, they brew a heady mix of Putin Put Downs and attempt re-set the global macro chessboard. Chris busies himself with a meaty cheese burger..Convexity has jumped from our computer screens to the theatre of war. The asymmetry of urban war was well understood by all those not intoxicated by the greed and fear of fascist states. Urban assaults favour the defenders, but like a Bloomberg scenario analysis, convexity has leapt from the city to the surrounding fields and outer limits of the metropole. Anti-tank and anti-aircraft technology supplied liberally to the democracy of the Ukrainian statehood is making this war more asymmetric than any one could ever have hoped for. Putin hasn't lost his marbles. Rather his gangster political system has left him bereft of proper intelligence. State corruption has fostered an almighty state failure in intelligence. It's as though the former KGB has been transformed into mammoth PR agency intent on amplifying the wishes of its only client.Ok, enough war-war. Bretton Woods died in the 1960s. Those that seek to right off the hegemony of the dollar collateral system owing to the escalation in the world's first truly global war are mistaken. Is the world shifting, tilting on its axis? You bet! But not as the apologists and doomsayers would have you imagine. The axis has always been defined by the supposed might of the current  account surplus nations versus the receding power of those nations succumbing to current account deficits. Think again...Channel all your paradoxical thinking. It's been a Wizard of Oz illusion all along. To quote the mighty Wizard, My people have been wearing green glasses so long that most believe this really is the Emerald City. The Acid Capitalist spells it out. Having assets that people crave, that they must own, gives you power. If you can't create enough assets in your own currency that outsiders really want then you never had wealth in the first place. This chimera of wealth is simply the confiscation of other nation's benevolence. The world is changing, hallelujah! The mighty Sampson like China. What should it do? It should revalue its currency higher to the dollar. It should promote economic policies that promote trade deficits. It should abolish capital controls. It should celebrate individual liberty and a rules based, transparent legal system. Never gonna happen. The elite leaders of mercantilist nations surround themselves with the same corruption and fear that is responsible for the debacle in the balkans. Bitcoin? The problem is almost the same. It's one of distribution. The price needs to crash to liberate the distribution and promulgation of the digital system. Presently, The Bitcoin represents another form of wealth confiscation. BTC and the CCP billionaires, hmm? All of the early adopters hold all of the system-wide wealth. To buy today you have to pay a deadweight rent that requires cash money. Is the Russian state going to buy with rubbles?The acid Cap portfolio. I'm long as much gold as volatility constraints would permit, maybe its 25pc of the fund. I'm long the corrections. EU Carbon Permits, the price is a steal. Facebook, Paypal, Shoprite, Snap, I'm making this up (!) but 60% drawdowns in serious businesses are magnetic like. I'm long agricumtural equities. This is really simple. It's just fertiliser - Russia exports all 3 nutrients. No need to be too clever - Nutrien, Mosaic, CF, OCI, K+S. There's aren't formal sanctions on Russian/Belarusian potash - it's 30% of global supply combined - but Yara did just say they stopped buying, hmm, I'm a buyer. You set up to buy Jordan?? Arab potash  looks great.So far, so short vol so I would bet against the Arab oil princes. A line is being drawn in the sand.

Macro Confessions Part XX (Autumn 2005)We welcome back again,  the Scottish tormentor, Chris Sweeney, to chronicle the inner workings of Hugh's orthogonal Eclectica Fund. The boys use his monthly client letters as a Hedge Fund boot camp to reveal what he was really thinking at the time and why he made the decisions he did. No new Hedge Fund wannabee can afford to miss his journey to the present day where he reveals and expounds upon his latest macro insights and his chagrin for those that got away.This week, they examine the first time Hugh really got a good hosing. Warning, it's a shocking tale. And having navigated Christmas,  the boys are channelling The Beatles back catalogue; inspired by Let it Be, they ask why exactly was Hugh channeling Abbey Road back in 2005?  More big currency gyrations this week. This time Hugh attempts to fit together the jigsaw pieces of 5 year lows in the Japanese yen, the sell-off in US Treasuries and the absurd and persistent cheapness of volatility in Japan. Blame Netflix, but Hugh fears a direct meteor strike on planet "markets" and he is dusting down some convex trades.And somewhere in the mix they discuss Money Heist and wading through pools of reindeer blood. Tune-in or be square...

When you take risks does it have to be all or nothing? Ideally you would like your risks to be small, and the rewards to be big, and if possible a back door, so that you can turn things around that appear to be going sour. That is optionality, choices, multiple good or better or not so bad outcomes. We discuss these concepts and how our 0-DTE strategy embraces them.

Hedge fund manager, Hugh Hendry, invites technology savant, Benedict Evans, to provide an overlay between macro and tech. Together they explore the new questions: crypto, machine learning, shifts in ecommerce, what's happening in media, China, and it's 900 million users and their significance on the rest of the world.Hedge fund pirate Hugh Hendry chronicles the inner workings of the uncorrelated and legendary Eclectica Fund. Hugh's discussions with other though leaders are deployed as a hedge fund boot camp to reveal what he's thinking and why in real time. No new Hedge Fund wannabee can afford to miss the journey to the present day where Hugh reveals and expounds upon his latest macro insights. This week they also discuss the convexity of adoption and why crypto as a tradeable asset could be as, or more effective, to the pressing issue of today - how do you kick-start a new network or community. Is it more effective than Instagram spending? The boys discuss. Hugh is ready to proclaim a new macro world. He can see a future were the economy turns people into assets. He gets very excited.Chapters:00:00 Shared Confessions Is it possible to tokenise knowledge04:05 Comparing Crypto to Opensource technology07:35 The Convexity of Adoption11:40 Turn People Into Assets13:45 The Irrevocability Bug of Tokens14:30 All Financial Innovations go to far17:15 Instagram reached 50m users with 7 people19:00 Apple's new Ad Model20:25 Duck Duck Go...The Google Token23:50 Today's Icons - Zero Marketing25:20 L'Oreal does 25% Sales online28:25 Chinese Concepts Go Global