Podcasts about convexity

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! 

Learn from history's Greatest Minds — and find Timeless ideas you can apply to business and life. Every episode we explore a Lindy book: We strive to become polymaths like our investing and business icons, pulling the Big Ideas from a wide range of disciplines. For the curious-minded seeking Worldly Wisdom. Join 3,000+ others by subscribing @ rationalvc.com to get free access to essays and exclusive content. For the video version of this episode click here. A rare episode where we invited guests to join us, in this case due to the book being a unique format and also wrapping up our entire 5-episode Incerto Series. We discussed the application of the Incerto teachings in the real world, with two of the biggest Incerto practitioners we know. Timestamps: (00:00) Intro (08:57) Our Favourite Aphorisms (16:04) Special Guests Join & Their Intros (17:59) Dangers of Monthly Salary (24:25) Golden Handcuffs, Legacy vs. Lifestyle (28:00) Our DNA as Hunter-Gatherers (31:50) Learn Sales Before Technical Skills (36:00) Practice Before Theory (37:04) Conventional Education (43:00) Convexity, Agency, & Mediocristan (57:21) More Aphorisms (1:00:19) Ergodicity, Rationality & Survival (1:08:32) Venture Capital & Startups (1:23:53) Asymmetry of Information, & Honour (1:29:20) Bureaucracy (1:34:05) Fat Tony (1:43:11) Small Bets (2:09:51) Via Negativa & Making Money Online (2:18:19) Gathering Vs. Elicitation Mindset (2:21:52) Incerto Practice in the Real World (2:31:06) Closing Thoughts — Our website (all essays and podcasts): rationalvc.com Our investment fund: rational.fund Cyrus' Twitter: x.com/CyrusYari Iman's Twitter: x.com/iman_olya — Guests: Daniel Vassallo's Twitter: x.com/dvassallo  Seb Lees' Twitter: x.com/sebs_tweets  Daniel's company: smallbets.com Seb's Podcast & Community: fattonys.net — Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Timeless #wisdom #knowledge #books #polymaths

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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In this episode of Insight is Capital, Pierre Daillie chats with Jason Buck, Chief Investment Officer at Mutiny Fund, to discuss defensive and offensive strategies in portfolio management - with equity valuations of the "Magnificent 7" it's now particularly essential for advisors and investors alike to consider defense ahead of any potential reversals. Buck points out that from a business perspective, advisors are leveraged to the equity market by 3-4x, when their business AUM is exposed to drawdown risks. Jason shares his journey from a real estate developer affected by the 2008 financial crisis to a consultant on risk management and bespoke long volatility strategies. He highlights the 'cockroach investment strategy' and the necessity of combining offensive assets like stocks and bonds with defensive assets like long volatility and commodity trend advisors. The importance of rebalancing, the concept of convexity, and the practical application of strategies like the Harry Brown portfolio model are discussed in detail. Using the memorable Herschel Walker analogy, Jason underscores the importance of a well-diversified portfolio. This episode is essential for investors and advisors looking to understand the implementation and benefits of a balanced approach to portfolio construction.Timestamped Highlights00:00 Introduction - Guest - Jason Buck, Mutiny Fund00:14 Jason Buck's Background and Investment Philosophy00:49 The Cockroach Investment Strategy01:20 Podcast Disclaimer and Welcome Back01:49 Discussing the Cockroach Strategy03:08 Importance of Diversification and Defense Strategy04:44 Launching the Defense Strategy06:47 The Great Financial Crisis and Its Lessons07:40 Combining Offensive and Defensive Assets08:53 Harry Brown's Four Quadrant Model09:33 Modern Portfolio Techniques and Convexity12:33 Commodity Trend Advisors (CTAs) Explained14:12 The Role of CTAs in Inflationary Environments15:01 Ensemble of CTAs for Robust Returns24:04 Challenges in Explaining Trend Following30:43 Understanding the Buy Button Mentality31:05 The Case for Commodity Trend Following31:38 Challenges in Portfolio Allocation32:42 Financial Advisors and Client Resistance34:37 The Importance of Defensive Assets36:37 Cash and Capital Efficiency39:19 Long Volatility and Tail Risk Explained41:02 Convexity and Portfolio Insurance48:51 Rebalancing for Effective Compounding55:45 The Herschel Walker Trade Analogy58:57 Conclusion and Final ThoughtsCopyright © AdvisorAnalyst

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.

Every episode we explore a Lindy book, and find Timeless ideas you can apply to business and life. We strive to become polymaths like our investing and business icons, pulling the Big Ideas from a wide range of disciplines to help us become better investors and operators. Join 3,000+ curious minds and avid readers by subscribing @ rationalvc.com to get free access to essays and exclusive content. For the video version of episode click here.   Timestamps: (00:00) Intro (11:39) Antifragile definition (19:13) Introduction to the core concepts (22:04) Hormesis, naïve interventionism, iatrogenics (33:55) Peter Kaufmann and Charlie Munger(35:57) Modernity, Switzerland, political systems (55:21) Concavity vs Convexity and Black Swans (1:07:30) FU Money and wealth (1:13:12) Optionality and wealth (1:21:47) Barbell strategy (1:43:02) Rational Flaneur (1:47:23) The Lindy Effect (2:01:22) Raising antifragile kids (2:12:19) Green Lumbar fallacy (2:23:53) Signal vs Noise (2:29:00) Via Negativa (2:51:07) Ethics of Antifragility and Skin in the Game (2:57:36) Deep dives and quotes (3:35:32) Closing thoughts - Our website (all essays and podcasts): rationalvc.com  Our investment fund: rational.fund  Cyrus' Twitter: x.com/CyrusYari  Iman's Twitter: x.com/iman_olya - Links mentioned in the episode: Cyrus referenced Tweets: https://x.com/CyrusYari/status/1792279103862681603 https://x.com/CyrusYari/status/1757715505819906419 https://x.com/CyrusYari/status/1679174178195353600 Peter Kauffman Rational VC episode: https://www.youtube.com/watch?v=kMiOFC07X8M&t=8s The Black Swan episode: https://youtu.be/HVGJQ25Cr2k?si=8b2DPBPX80Pgbgag Vizi Andrei: https://twitter.com/viziandrei  Daniel Vassallo: https://twitter.com/dvassallo Cyrus essay on Angel Investing (incl. Barbell Investing): https://www.rationalvc.com/articles/angel  WhosAria Bars of Wisdom newsletter: https://www.barsofwisdom.com  Fat Tony's Community:  https://fattonys.net/  - Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Lindy #knowledge #books

(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. ⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️

Aujourd'hui, dans l'épisode 4/4 de la mini-série sur les cultures fortes de la Tech, j'ai le plaisir d'accueillir Nicholas Wagner, le Chief People Officer de 360 Learning. 360 Learning, c'est cette scaleup fondée en 2009 par Guillaume Alary-Raisonnier, Nick Hernandez et Sébastien Mignot qui s'est lancée à l'assaut de l'apprentissage collaboratif en entreprise. L'idée c'est de permettre à tout un chacun-e de créer du contenu et interagir avec, puis d'analyser les contenus qui gagneraient le plus à être optimisés grâce à une couche d'Intelligence Artificielle.  Après une dernière levée de 200 millions en 2021  (Sumeru, Silver Lake Waterman, SoftBank, et les historiques dont BpiFrance, XAnge, ISAI, Educapital) deux ans après une levée de 40 millions pour se lancer à la conquête des US, 360 est présente en France, aux US et aux UK. Nicholas a commencé par 10 ans en grand groupe (Alsthom, Areva, Crédit Agricole…), dont deux ans au Vietnam, avant de passer 10 ans dans des sociétés en croissance. De 100 collaborateurs à l'arrivée de Nicholas en 2019, 360 est montée à 400 actuellement, en gardant une culture extrêmement particulière. Certains décrivent la culture 360Learning comme une culture “d'introvertis dans un monde d'extravertis” : elle est désignée en interne par le terme de “Convexity”

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...

Link to original articleWelcome 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

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...

Welcome to Bond Investment Mentor! This is a podcast dedicated to helping community financial institutions master the art of fixed income investments.In this episode:What Is Bond Convexity (2:01)Federal Reserve Update (10:01)William Dudley ArticleListener Question: Bull and Bear Steepeners and Flatteners (12:29)1-on-1 Mentoring Slots Available! (Learn More and Apply Today)If you have questions about anything covered in this episode, please email me at Chris @ BondInvestmentMentor.com.Do you know someone who could benefit from this information? Please share this episode and podcast with them!You will find more articles, tips and resources about fixed income investing and portfolio management at BondInvestmentMentor.com. Check it out!Let's Connect via Social Media!LinkedIn: Christopher Nelson, CFAFacebook: Bond Investment Mentor 

Hey guys! This week we have a special guest: Nikhil Shamapant. Most of you know him as "Squish" on Twitter. Nikhil is an internal medicine intern at the University of Colorado and somehow he has time to both study internal medicine and write 77 page reports on Ethereum and opine on investment and market philosophy. We discussed a lot of things: his investment journey and how his investment process has evolved, learning how to reason, Ethereum and the Crypto space, Web 3.0, investments philosophies, focusing on high convexity investment theses, and the some parallels that exist between internal medicine and investing [0:00] Who is Nikhil Shamapant? [3:00] Idea generation: Finding 10x Ideas [14:00] What is sequence risk? [22:00] Investing in Uranium [30:00] Pattern Recognition: Learning How to Reason [47:00] Receiving Feedback [53:00] Edge: Know the Game You are Playing [1:00:00] Parallels between Medicine and Investing [1:18:00] Nikhil's day to day routine: Invest in Convexity [1:37:00] Ethereum 101 [1:46:00] How to value Ethereum? [1:58:00] How would Crypto affect the Healthcare Industry? [2:05:00] More from NIkhil and closing questions. If you like what you heard, please give Nikhil Shamapant a follow on Twitter here. Also, check out his Substack here. Also big thanks to the following sponsors for making the podcast a reality! Quartr Quartr is revolutionizing the way investors interact with IR departments, listen to conference calls, and engage in investment research. The best way to think of Quartr is like Spotify for investor conference calls. Quartr is 100% free and includes markets from 12+ countries (with plans to expand in the future!). Investors can easily request new companies, and Quartr is quick to add them. You can learn more about Quartr by visiting their site, Quartr.se If you're interested in changing the way you research companies, download the app today and give it a try on Apple and Android. Tegus Tegus has the world's largest collection of instantly available interviews on all the public and private companies you care about. Tegus actually makes primary research fun and effortless, too. Instead of weeks and months, you can learn a new industry or company in hours, and all from those that 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. 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 with a handful of new emerging managers who it believes can earn exceptional long-term returns in support of MIT's mission. In order to help the emerging manager community more broadly, they created emergingmanagers.org, a website for emerging manager stockpickers. For those looking to start a stock-picking fund, or those just looking to learn about how others have done it, I highly recommend the site. 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.

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.

Simplify ETFs' Harley Bassman offers perspective on Fed policy, inflation, demographics, and more.  ETF Trends' Dave Nadig discusses the latest on Senator Wyden's ETF tax proposal and fields Twitter questions.  Goldman Sachs' Katie Koch goes in-depth on thematic ETFs.

David has over 30 years' experience of managing risk across global markets. David is the CIO of Singapore-based Convex strategies - which focuses on risk management including protecting against dislocations in asset markets. Prior to launching Convex Strategies, he served as a Managing Director and Portfolio Manager at Artradis Fund Management in Singapore. Earlier in his career, David built and ran Asian and Global EM trading businesses for RBS (ABN AMRO Group), Bankers Trust and Bank of America. David holds an MBA from University of California, Berkeley. He currently sits on the Monetary Authority of Singapore Markets Committee (SFEMC). In this podcast we discuss: The confusion between measuring risk and managing risk The problem with value-at-risk and defining risk What is convexity Why buying options is not ‘expensive' Importance of compound returns over arithmetic returns How to think about ergodicity Why allocation to bonds don't provide the right downside protection Getting your defense right, insurance and long vol strategies The role of central banks in shifting equity-bond correlations The importance of time in convexity strategies The growing fragility in the financial system Managing correlation risk Books that influenced David: How Nature Works (Bak), The Misbehaviour of Markets (Mandelbrot), The Incerto Collection (Taleb), The Road to Serfdom (Hayek), Ubiquity (Buchanan), Radical Uncertainty (King)

Jeff is “stacking” two guests in this episode, welcoming 1. Corey Hoffstein, CIO and co-founder of Newfound Research, host of Flirting with Models Podcast, and co-conspirator on the Pirates of Finance YouTube channel; and 2. Rodrigo Gordillo, President and Portfolio Manager of Resolve Asset Management and host of the Resolve Riffs Friday live stream. They're talking about their new research paper: “Return Stacking: Strategies for Overcoming a Low Return Environment,” which takes a novel approach to solving a few problems. Such as: How do you endure the ‘line item risk' of an alternatives allocation? How do you participate in the upside of an increasingly overvalued stock market? What value do bonds bring as a diversifier at the zero bound? The answer boils down to some new capital-efficient ETFs and mutual funds, which stack asset classes and returns on top of one another at greater than 100% exposure. How does that work exactly? What are the pros and cons? What types of products can investors look at? Listen in to find out more. Chapters: 00:00-02:36=Intro 02:37-10:30=It's the Cayman Islands…not Caymans 10:31-29:55=Return Stacking: The Paper, the Problem & the Solution 29:56-38:33= Leverage and Capital Efficiency 38:34-01:04:14= Managed Futures, Macro, and Convexity as Diversifiers 01:04:15-01:12:09= Are you just Stacking Fees? 01:12:10-01:26:16= I'm Scared to Buy at All-Time Highs (and to Own Bonds) 01:26:17-01:30:24=Favorites From the episode: Download the whitepaper here: https://info.rcmalternatives.com/return-stacking Podcast: Noodling on Ensembles, Trend, & Convexity with Newfound's Corey Hoffstein: https://podcasts.apple.com/us/podcast/noodling-on-ensembles-trend-convexity-newfounds-corey/id1497570451?i=1000478501833 Podcast: Asset Allocation, AI, and the Alpha Process with Resolve Asset Management: https://podcasts.apple.com/us/podcast/asset-allocation-ai-alpha-process-resolve-asset-management/id1497570451?i=1000467460922 Flirting with models podcast: https://blog.thinknewfound.com/podcast/ ReSolve's Riffs: https://investresolve.com/single/resolve-riffs/ The picture from space that shows why commodities are non-correlated: https://www.rcmalternatives.com/2013/10/the-picture-from-space-that-shows-why-commodities-are-non-correlated-to-the-stock-market/ Follow along with Corey & Rodrigo on Twitter @choffstein https://twitter.com/choffstein and @RodGordilloP https://twitter.com/RodGordilloP?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor Don't forget to subscribe to The Derivative (https://www.rcmalternatives.com/the-derivative-podcast/), and follow us on Twitter at @rcmAlts (https://twitter.com/rcmAlts), and our host Jeff at @AttainCap2 (https://twitter.com/AttainCap2), or LinkedIn (https://www.linkedin.com/company/rcm-asset-management/), and Facebook (https://www.facebook.com/RCMAlternatives/), and sign-up for our blog digest (https://info.rcmalternatives.com/get-our-blog-alternatives). And visit our sponsor, the CME Group at www.cmegroup.com to learn more about futures and options. 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

Harley Bassman created, marketed and traded a wide variety of derivative and structured products during his twenty six year career at Merrill Lynch, and focused on pricing and modelling products that had an asymmetric return - what he calls convexity. He is the Managing Partner at Simplify Asset Management, and pens macro commentary at convexitymaven.com Here he shares his views on convexity, options, interest rates, inflation and much much more!

Hari Krishnan is the Head of Volatility Strategies at SCT Capital Management. Here he talks of constructing convex trades, hedging tail risks, shortcomings of the Black Scholes Model, and much more!

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

00:01:00 What is Convexity and how does it express itself?00:02:59 Why startup founders usually enjoy positive convexity. Why bonds often come with negative convexity?00:08:33 Why taking a flat fee is a good idea for money management?00:14:03 Did Softbank create a ‘Gamma Melt-up’ buying an extraordinary amount of call options in 2020?00:21:45 How to profit from increased interest rates? How to open up the upside without taking all the downside?00:32:14 How the time horizon of investments has shrunk so much?00:34:10 What is the state of productive carry-trades on right now? Should people look at Turkey, Mexico or Brazil?00:37:43 What is ISDA and why it offers amazing way for financial contracts unavailable to retail investors.00:42:59 How can retail investor get exposure to CDS (Credit Default Swaps) options through Simplify?00:47:45 How big is a structural risk for a ‘risk drawdown event’?00:58:51 Will the Fed be able to inflate out of the current deflationary scenario?01:00:17 Will the rapid rise of technology allow us to grow out of the high debt level (just after WWII)?01:03:12 How much are growth rates influenced by social and political attitudes? You may watch this episode on Youtube – #91 Harley Bassman (How to become a Convexity Maven?). Harley Bassman looks back at a checkered career of 35+ years at Wall Street and also runs Convexity Maven. Harley currently works with Simplify. Big Thanks to our Sponsors! ExpressVPN – Claim back your Internet privacy for less than $10 a month! Mighty Travels Premium – incredible airfare and hotel deals – so everyone can afford to fly Business Class and book 5 Star Hotels! Sign up for free! Divvy – get business credit without a personal guarantee and 21st century spend management plus earn 7x rewards on restaurants & more. Get started for free! Brex – get a business account, a credit card, spend management & convertible rewards for every dollar you spend. Plus now earn $250 just for signing up (Terms & Conditions apply).

Murat Erdogdu gives the OxCSML Seminar on Friday 12th March, 2021, for the Department of Statistics.

Benn is the managing member and CIO of QVR. He was previously co-founder and co-portfolio manager of Mariner Coria in New York. Before that he was Head of Quantitative Research and Derivatives Trader for the Wells Fargo proprietary trading desk, which became Overland Advisors. He started his career as an emerging markets macroeconomist at the World Bank. He holds a PhD in Economics from UC Berkeley. In this podcast, we discuss: How derivative markets changed after the 2008 financial crisis. The centrality of listed derivatives. Why understanding supply-demand dynamics is important. How complexity of strategies doesn’t give you an edge. Do short vol strategies work? How to manage convexity and tail risk. Derivatives to replace bonds as safe haven hedge? What risks are investors focusing on since COVID? Common mistakes by quants. Book that influenced Benn: The House of Morgan (Chernow).

Another wave of worry is building inside the stock market as rising rates and inflation weigh on investor sentiment. Kenny Polcari joins the show to tell us what we should, and shouldn't be worried about, and what to do about it. He also shares his recipe for the best linguine tri-colore you've ever tasted. Plus, what to expect in the week ahead and why Convexity is the investing term you need to know this week.

Another wave of worry is building inside the stock market as rising rates and inflation weigh on investor sentiment. Kenny Polcari joins the show to tell us what we should, and shouldn’t be worried about, and what to do about it. He also shares his recipe for the best linguine tri-colore you’ve ever tasted. Plus, what to expect in the week ahead and why Convexity is the investing term you need to know this week. See acast.com/privacy for privacy and opt-out information.

In this conversation, J.P. Morgan Research analysts Matt Jozoff, Josh Younger and Nick Maciunas discuss the risk that rising rates trigger a mortgage convexity event which could accelerate a sell-off on bonds. This podcast was recorded on February 12, 2021.This communication is provided for information purposes only.  Institutional clients can view the related report at www.jpmm.com/research/content/GPS-3647898-0  for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional clients with the title “As yields rise, are we headed for a convexity event?, February 12, 2021.” © 2021 JPMorgan Chase & Co. All rights reserved.

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. An almost USD 2 trillion fiscal bill is moving ahead in Congress, while breakeven rates rose above the 2 percent mark for the first time since 2018 (with no signs of relenting). It is no wonder that inflation is now top of mind for investors. Uncertainty isn’t limited to whether it reawakens after almost four decades, but how it might manifest and how investors should protect themselves. This week we riffed with Nancy Davis (Managing Partner & CIO of Quadratic Capital Management) who manages the popular IVOL ETF, covering topics such as: Her early days as a prop trader for Goldman Sachs, earning her stripes trading derivatives What is IVOL: a combination of TIPS and interest-rate options Using cash to manage duration What is implicit in the shape and slope of the yield curve The risk of outliving one’s means – the importance of protecting against inflation ‘Backing up the truck’ when volatility is so low Linear vs asymmetric – not all derivatives are created equally Nancy shared her screen throughout the conversation and walked us through her general framework, including what she believes are some of the most relevant features to monitor when navigating the inflation and rates landscape. Thank you for watching and listening. See you next week.

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day. Convexity is one of those concepts that even if you understand it, explaining it to someone can still be hard, especially for a layperson. Unless you are the Convexity Maven, in which case it is second nature and you can apparently explain it to your mom. We had the pleasure of hosting Harley Bassman, creator of the popular MOVE Index, for a wide ranging and truly entertaining conversation that covered topics such as: Sharpening the blade - the value of working with people that challenge your ideas Calculus for everyday use – it’s actually simpler than most people think Policy responses (and mistakes) following the Great Financial Crisis His predictions for Treasury rates, MMT, and what indicators might cause him to change his mind Millennials, Baby Boomers, demography and inflation How fiscal and monetary tools might affect the US dollar How Risk Parity might navigate the coming years Gold as a currency Favorite themes and trade ideas for this environment Harley also brought a slide deck and walked us through some interesting charts as he described his investment thesis, so you might want to check out the video version of this episode. Thank you for watching and listening. See you next week.

I've become fascinated with philosophy over the years, and I recently read a book that eloquently explained how to look at risk and uncertainty in our lives and businesses. I'll share how it applies to eCommerce and online business in general.

Last year we brought listeners the entire volume of The Best Investment Writing Volume 3, in audio format, right here on the podcast. Listeners loved it, so we’re running it back again this year with The Best Investment Writing Volume 4.  You’ll hear from some of the most respected money managers and investment researchers from all over the planet.   Enough from me, let’s let Tyler take over this special episode. 

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 Kitagaki H, Mori E, Ishii K, Yamaji S, Hirono N and Imamura T. CSF spaces in idiopathic normal pressure hydrocephalus: morphology and volumetry. AJNR American journal of neuroradiology. 1998;19:1277-84. Sasaki M, Honda S, Yuasa T, Iwamura A, Shibata E and 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;50:117-22. Allali G, Laidet M, Armand S, Momjian S, Marques B, Saj A and Assal F. A combined cognitive and gait quantification to identify normal pressure hydrocephalus from its mimics: The Geneva's protocol. Clinical neurology and neurosurgery. 2017;160:5-11. Graff-Radford J, Gunter JL, Jones DT, Przybelski SA, Schwarz CG, Huston J, 3rd, Lowe V, Elder BD, Machulda MM, Gunter NB, Petersen RC, Kantarci K, Vemuri P, Mielke MM, Knopman DS, Graff-Radford NR and Jack CR, Jr. Cerebrospinal fluid dynamics disorders: Relationship to Alzheimer biomarkers and cognition. Neurology. 2019;93:e2237-e2246.

In this episode I speak with Jeffrey Baird, managing partner at Merritt Point Partners. Merritt Point Partners seeks to build diversified portfolios of convexity exposure through the commodities market. With that in mind, we talk about what makes the commodities market unique, who the players are, and the types of trades that Jeff looks for. Stepping somewhat outside of the theme for this podcast, Jeff actually employs a heavily fundamentals-driven process. But what fundamental means in the commodity space is different than what it traditional means in the equity space, so Jeff walks us through how this concept applies in markets such as gold and natural gas. With so many markets and corresponding derivatives to trade, the opportunity set seems overwhelming. And so does the risk of managing a portfolio. Jeff talks us through his framework for managing risk and the seemingly backwards idea that being profitable in a position can actually introduce more risk for portfolios seeking convexity. I hope you enjoy my conversation with Jeff Baird.

Our guest today is the Co-founder & CEO of Newfound Research, host of the popular podcast Flirting with Models, and FinTwit “influencer” – Corey Hoffstein. In this episode, we're talking with Corey about the impact of “data”, the juvenile meaning behind Flirting with Models, 1000s of flavors of trend, hitting the gym, the founding of Newfound, suicides in Ithaca, sticking to your strategy through investor unrest, alts vs equities firm, the value of managed futures, implementing an ensemble approach, the mismatch between expected and market convexity, is trend actually dead, applying AI and machine learning – in alts & the world, and Corey's favorite Boston restaurants. Follow along with Corey on LinkedIn& Twitter. Check out Newfound Research's website & blog, and listen to Corey on his podcast, Flirting with Models. And last but not least, don't forget to subscribe to The Derivative, and follow us on Twitter, 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

Opyn is a smart contract-based insurance platform built on a generalized (supports both put and call) options protocol called Convexity. It is intended as a platform to protect DeFi users against both technical and financial risks, and a place where ETH holders can earn substantial premiums on their holdings by providing insurance.Opyn uses tokenized ERC20 put options, oTokens, on ETH to allow option buyers to keep their upside while limiting their downside. If you buy Opyn protection, you are buying “the right but not the obligation to sell an asset at a pre-specified price”. Currently, you can buy insurance for DAI, ETH, and USDC deposits on Compound and it is completely noncustodial and trustless. Zubin Koticha, CEO & Co-founder of Opyn, is currently working on V2 of the platform with his team. Their focus for improvements are in 3 main areas; cash efficiency, trading mechanism, and network effects. They are hoping to release this within the next 6 months. This is a much-needed generalizable insurance solution against some attacks/ vulnerabilities within the DeFi ecosystem and it will be very interesting to see how their contribution to DeFi progresses.Topics covered in this episode:Zubin’s background and how he got into cryptoHow Opyn was created and the roles within the companyThe evolution of the Opyn productUsing options as an insurance solutionThe difference between traditional markets and OpynAmerican vs European optionsImprovements they are making in V2 - capital efficiency, fungibility, network effectsThe collateral as a different asset featureTrading venueAn overview of VegaSwapTimelines for the new versionEpisode links: Opyn WebsiteOpyn WhitepaperWhat is Opyn?Opyn DiscordOpyn TwitterZubin Koticha TwitterThis episode is hosted by Friederike Ernst & Sunny Aggarwal. Show notes and listening options: epicenter.tv/344

Seed idea: Can category theory help us frame how things that are different, but that perform the same function, are somehow “the same.” With links to affordances, cross-category competition, and jobs to be done. Plus thoughts on the trade-offs between data ownership and convexity effects on social media.

Convexity, Crisis Alpha, Smart Beta, and Implied Volatility…what does it all mean? IT'S TRUE - most CIO's read 50+ books each year! Get your copy of the Ultimate Guide to the Best Investment Books ever written here. Follow me at @TopTradersLive And please share this episode with a like-minded friend and leave an honest rating & review on iTunes so more people can discover the podcast. Subscribe on:

In Episode 10, Alex Proimos speaks with Stuart Fiertz, president and director of research at Cheyne Capital. All views expressed on this podcast are subject to change and do not necessarily reflect the views of Conexus Financial. This podcast is for educational purposes only and should not be relied upon as investment advice.

How long will the recession last? How deep will it be? What are the long-term implications for the economy, markets, and society? The global pandemic has ushered in a period of extreme uncertainty and investors are left with too many unanswered questions and afraid for their portfolios. Where do we go from here? In this episode, the ReSolve team begins with an examination of some of the macroeconomic narratives that may drive capital markets for the coming months and years. But since these future paths are all plausible – and some quite compelling – we then provide a framework to deal with such a wide range of possible outcomes. This conversation is meant to help investors navigate these uncharted waters and how to think about portfolio allocations in extreme market conditions. Be sure to check out the slide deck – which we reference throughout the episode – as well as some useful links below.   Links https://investresolve.com/inc/uploads/pdf/The-Pandemic-Portfolio-Gestalt-University-Episode-13.pdf https://investresolve.com/adaptive-asset-allocation-global-risk-parity-with-macro-factors-lp/ https://investresolve.com/blog/demystifying-risk-parity-with-realvision-and-90-years-of-history/ https://investresolve.com/webinars/ce-demystifying-risk-parity-90-years-history/ https://investresolve.com/podcasts/resolve-12-days-of-investment-wisdom/      

In this conversation, part of a series focused on U.S. fixed income markets, J.P. Morgan Research analysts Matt Jozoff, Josh Younger, and Munier Salem discuss bank convexity hedging and the recent moves in interest rate markets. This podcast was recorded on March 2, 2020. This communication is provided for information purposes only. Institutional fixed income clients can read the related report atwww.jpmm.com/research/content/GPS-3283600-0 for more information; please visit www.jpmm.com/research/disclosures for important disclosures. A version of this podcast was previously disseminated to institutional fixed income clients with the title “The Rates Rally: Feeding the Beast, March 2, 2020.” ©2020 JPMorgan Chase & Co. All rights reserved.

Для настоящих Electro House гурманов! II DjJim.RU II iTunes II ВКонтакте II FaceBook II Twitter II Instagram II Mixcloud II SoundCloud II 0:00 Savant - Monolith 2:25 Retrovision & Domastic - SICC 4:34 The Paradox Theory - Begin 8:05 Tomas Balaz - TIO 9:50 Damon Rush - Freak Flowz (Mooij Remix) 11:05 Fox Stevenson & Mesto - Chatterbox 13:23 D.O.D. & Futuristic Polar Bears - Why 15:14 DeFreight - About You 16:14 Tokyo Machine - Spooky 19:29 Ummet Ozcan - Kensei 21:45 Walden - The Platform Theme (Walden's Mario Mix) 23:29 Check Point - Geeks 24:28 Rob Gasser & Auvic - Rapid Fire 27:14 Nitro Fun - Final Boss 30:28 Melodicore - Chip It Up 31:27 Doctor Cube - The Mime 33:27 SpekrFreks - Final Round 35:11 P.A.Y.T.O.N - Interlude 36:54 Felguk - Love Bite 39:29 Nitro Fun - New Game 42:49 Kittronic, Convexity & Exzaust - Cattitude 44:47 Bali Bandits - Bonzo's Juggling Show 47:51 Lick Da Cat - Dogfight 49:27 Maurice West - Robots In Love 51:03 Pegboard Nerds & Tokyo Machine - MOSHI

Для настоящих Electro House гурманов! II DjJim.RU II iTunes II ВКонтакте II FaceBook II Twitter II Instagram II Mixcloud II SoundCloud II 0:00 Savant - Monolith 2:25 Retrovision & Domastic - SICC 4:34 The Paradox Theory - Begin 8:05 Tomas Balaz - TIO 9:50 Damon Rush - Freak Flowz (Mooij Remix) 11:05 Fox Stevenson & Mesto - Chatterbox 13:23 D.O.D. & Futuristic Polar Bears - Why 15:14 DeFreight - About You 16:14 Tokyo Machine - Spooky 19:29 Ummet Ozcan - Kensei 21:45 Walden - The Platform Theme (Walden's Mario Mix) 23:29 Check Point - Geeks 24:28 Rob Gasser & Auvic - Rapid Fire 27:14 Nitro Fun - Final Boss 30:28 Melodicore - Chip It Up 31:27 Doctor Cube - The Mime 33:27 SpekrFreks - Final Round 35:11 P.A.Y.T.O.N - Interlude 36:54 Felguk - Love Bite 39:29 Nitro Fun - New Game 42:49 Kittronic, Convexity & Exzaust - Cattitude 44:47 Bali Bandits - Bonzo's Juggling Show 47:51 Lick Da Cat - Dogfight 49:27 Maurice West - Robots In Love 51:03 Pegboard Nerds & Tokyo Machine - MOSHI

During this special bonus WOCTalk episode, I sit down with Jan Colwell to speak about the popular topic of convexity. Jan has practiced as a WOC nurse for 40 years at the University of Chicago Medicine and is currently the advanced practice nurse in the outpatient ostomy clinic. She is a Past President of the WOCN Society and Friends of Ostomates Worldwide USA, is the co-section editor of the ostomy section of the Journal of Wound, Ostomy and Continence Nursing and has edited several text books on ostomy care.In this episode, Jan speaks to us about the content from a recent WOCN Society webinar, Convexity: Where Did it Come From and Where Are We Now?, which provided a historical perspective on the use of convexity in the management of a patient with a stoma and examined different types of convexities. Listen in to learn about the past, present and future of convexity.This podcast and the webinar were supported by an educational grant from ConvaTec. The WOCN Society does not endorse specific products or services. For a list of WOC patient products and services, please click here.To view a free recording of the webinar Convexity: Where Did it Come From and Where Are We Now?, visit the webcasts section of the WOCN Society’s Continuing Education Center at wocn.org/cec.Click here to view the JWOCN article mentioned in this episode: Use of Convexity in Ostomy Care: Results of an International Consensus Meeting.

This discussion will focus on the history of convexity, primary reasons you would use convexity, the use of convexity earlier and what drives the choice of convexity.Guest bio:Jan has practiced as a WOC nurse for 40 years, working at the University of Chicago Medicine, a 900-bed academic inner city medical center. She directs and provides care to the outpatient ostomy population working in general surgery clinics. She is a past president of the WOCN Society, and Friends of Ostomates Worldwide USA, is the ostomy section editor of the Journal of Wound Ostomy and Continence, the editor of several text books on ostomy care as well as the author of multiple journal articles. She has presented nationally and internationally on ostomy topics and precepts ostomy students attending the WOCN educational programs. Visit https://www.coloplast.us/professional/ for more educational offerings.

Please listen to our weekly podcast summarizing our September 7 note and consider becoming a paid subscriber, if you are not already, to read the full report. If you are a recent free subscriber and would like a 30 day trial, please email me at bcknapp@ironsidesmacro.comOnly the Fed Can Save UsAfter returning home from a television appearance this week, I had the following conversation with my wife.Debbie: You were great today (she is a supportive wife). Everyone agreed with you.Me: That’s not good.Debbie: No, they all agreed with you, why isn’t that good?Me: It means I am probably wrong.This week’s August private sector employment growth, August ISM manufacturing, July construction spending, July German Non-EU capital goods orders, August global PMIs and South Korean exports were all weak and consistent with our view that the trade war has tipped the secular downtrend in global trade into recession and stopped 2018 US capital spending boom in its tracks. Perhaps because of the consensus around the view highlighted in the discussion with my wife, the equity and credit markets took their cue from economic surprise indices, robust auto sales, a strong ISM non-manufacturing survey and firm average hourly earnings growth. With equities within a couple of percent of the highs and credit spreads near their best levels, these markets are discounting a 2016 scenario when the Fed stopped quantitative tightening and the US economy shrugged off a collapse in oil prices, Chinese heavy industry hard landing, 25% increase in the trade weighted dollar and an earnings recession.In reality the US economy did not really shrug off the Chinese heavy industry hard landing and oil price collapse. Two of our preferred measures of growth to forecast the business cycle and corporate earnings and revenues; gross domestic income and final sales to private domestic purchasers fell 4.7% and 3.8% from the 2014 peak leading to a 5.8% plunge in S&P 500 revenue growth to -1.6%. Those same measures are 1.4%, 2.2% and 3.7% off their 2018 peaks through 2Q19. While we continue to believe that the second Chinese malinvestment bust in five years will not send as large a negative shock to the rest of the world as the first, despite the improvement in economic surprise indices for emerging markets and China, we do not see any evidence that global trade is stabilizing let alone recovering. Additionally, while the recovery in equities and credit in 2016 was initially driven by a reversal in 2015’s quantitative tightening, this week’s global government bond market selloff hinted that markets may be too far in front of monetary policymakers at least in the near term. Suggested Reading from the Federal Reserve Research Staff…https://www.federalreserve.gov/econres/notes/feds-notes/does-trade-policy-uncertainty-affect-global-economic-activity-20190904.htmBarry C. KnappManaging PartnerIronsides Macroeconomics LLChttps://ironsidesmacro.substack.com908-821-7584https://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.  This document is intended for the recipient only and is not for distribution to anyone else or to the general public.Certain information has been provided by and/or is based on third party sources and, although such information is believed to be reliable, no representation is made is made with respect to the accuracy, completeness or timeliness of such information. This information may be subject to change without notice.  Ironsides Macroeconomics undertakes no obligation to maintain or update this material based on subsequent information and events or to provide you with any additional or supplemental information or any update to or correction of the information contained herein. Ironsides Macroeconomics, its officers, employees, affiliates and partners shall not be liable to any person in any way whatsoever for any losses, costs, or claims for your reliance on this material. Nothing herein is, or shall be relied on as, a promise or representation as to future performance.  PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.Opinions expressed in this material may differ or be contrary to opinions expressed, or actions taken, by Ironsides Macroeconomics or its affiliates, or their respective officers, directors, or employees. In addition, any opinions and assumptions expressed herein are made as of the date of this communication and are subject to change and/or withdrawal without notice.  Ironsides Macroeconomics or its affiliates may have positions in financial instruments mentioned, may have acquired such positions at prices no longer available, and may have interests different from or adverse to your interests or inconsistent with the advice herein. Ironsides Macroeconomics or its affiliates may advise issuers of financial instruments mentioned. No liability is accepted by Ironsides Macroeconomics, its officers, employees, affiliates or partners for any losses that may arise from any use of the information contained herein.Any financial instruments mentioned herein are speculative in nature and may involve risk to principal and interest. Any prices or levels shown are either historical or purely indicative. This material does not take into account the particular investment objectives or financial circumstances, objectives or needs of any specific investor, and are not intended as recommendations of particular securities, investment products, or other financial products or strategies to particular clients. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this report must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein.The material should not be provided to any person in a jurisdiction where its provision or use would be contrary to local laws, rules or regulations. This material is not to be reproduced or redistributed to any other person or published in whole or in part for any purpose absent the written consent of Ironsides Macroeconomics.© 2019 Ironsides Macroeconomics LLC. This is a public episode. Get access to private episodes at ironsidesmacro.substack.com/subscribe

As we await results of NTSB and grand jury investigations, many questions linger about what went wrong (0:45) - Boeing 737 MAX: Did Profit Motive Override Sound Design? (8:15) - Remember the DC-10? How Consumers Handle Shocking Tragedies (14:00) - MCAS Software Enhancement: The Right Solution, Wrongly Delivered? (22:45) - Does The FAA Give Boeing Too Much Control? (28:30) - What To Expect From Boeing Moving Forward (31:05) - Episode Roundup: Podcast@zacks.com

During this special bonus WOCTalk episode, we sit down with Donna Sellers, BSN, RN, CWON and Jill Hammond, BSN, RN, CWOCN of Convatec to speak about the content from the recent supported webinar, Convex Product Choices to Improve Patient Care. This session discussed the what and when of choosing convex product choices to improve patient care along with the potential risks and contraindications for using convexity. Listen in to learn more and on this topic and additional knowledge not covered during the original webinar recording. This podcast and the webinar were supported by Convatec. The WOCN Society does not endorse specific products or services. For a list of WOC patient products and services, please click here. To view a free recording of the webinar Convex Product Choices to Improve Patient Care, visit the webcasts section of the WOCN Society’s Continuing Education Center at wocn.org/cec. Additional Resources From this Episode: Use of Convexity in Pouching: A Comprehensive Review Hoeflok, Jo; Kittscha, Julia; Purnell, Paris Journal of Wound, Ostomy and Continence Nursing: September/October 2013 - Volume 40 - Issue 5 - p 506–512

In this episode I chat with Wayne Himelsein, president and chief investment officer at Logica Capital.  To our conversation Wayne brings over two decades of experience managing long/short portfolios, ranging from statistical arbitrage to factor long/shorts. For as deep in the weeds as he liked to go as a quant, Wayne has a philosopher’s streak and Twitter is his soapbox.  Of course, 280 characters can be limiting, so I start out conversation by putting Wayne in the hot seat and ask him to explain the deeper meanings behind some of his recent tweets. Using these philosophies as a foundation, we then dive into long/short portfolios.  We talk about the practical difficulties of managing these strategies and Wayne explains why he believes that beta-neutral is a fool’s pursuit.   We then switch topics to tail risk hedging.  These sorts of strategies are notorious for their bleed, and we discuss whether the payoff is ultimately worth the cost of insurance.  Wayne describes a few ways in which the bleed can be managed and the ensuing tradeoffs with each method.   In discussing both long/short and tail risk hedging strategies, I ask Wayne what due diligence questions he would ask if he were evaluating another manager.  I find this question always provides great insight into what managers of these strategies actually think is important.  Wayne does not disappoint. I hope you enjoy my conversation with Wayne Himelsein.  

There is but one Convexity Maven in the world, a moniker that belongs uniquely to Harley Bassman. A 35 year career in financial markets has left Harley steeped in all things relating to the price of and characteristics of optionality. Our discussion on this episode of the Alpha Exchange starts with the early days of his career, including a position in Treasury option markets in the early 1980s. Juxtapose that experience - when rates and inflation were sky high - with his more recent market presence when rates and rate vol have rarely been lower - and one can appreciate the breadth of experience Harley has had. Our conversation covers the term structure of rate volatility, the variance risk premium and the way in which option sellers convert potential future capital gains to present day income. Along the way, we discuss the MOVE index, a well-followed metric for bond option volatility that Harley designed, as he explains how the MOVE is tied the slope of the yield curve. Lastly, Harley shares his views on global disinflation and what Central Banks are up against. Please enjoy this episode of the Alpha Exchange, my discussion with Harley Bassman.

My guest is Artur Sepp, Director of Research at Quantica Capital AG in Zurich. In 2008, Artur was working on structured credit products for Merrill Lynch, giving him a front-row seat to the ensuing credit crisis.  We use this experience as a jumping off point for our conversation, with Artur providing both pragmatic and philosophical lessons learned. One of those key lessons was the role of liquidity, which Artur argues is the key factor behind many premia we see in the market. Artur’s focus on liquidity grew as he transitioned to London in as an equity derivatives quant, where he was responsible for building models to hedge options on illiquid underlying assets.  Here we get into the nitty gritty, discussing a paper Artur wrote about the practical realities of delta-hedging options under a framework of discrete hedging and transaction costs. In 2015 Artur moved to Julius Baer’s advisory solutions group in Switzerland where he served as a client-facing advocate for alternative risk premia strategies.  Here Artur had to learn how to translate his deep quantitative knowledge into client understanding.  He shares with us some techniques and tricks he learned for effectively communicating what can be rather complex ideas. Today Artur works at Quantica Capital, whose flagship product is a Managed Futures strategy.  I ask Artur for his opinion on recent struggles in the managed futures space and what he thinks the future for trend following managers will look like.  You definitely won’t want to miss his answer. Artur is a fountain of quant knowledge and offers the unique perspective of someone who has both spent time deep in the weeds and time trying to explain the esoteric.  There are lots of gems in this one, so stay tuned.

Thanks for joining us again at The Horror Pod Class, today we are doing something a bit different for us... best of the year lists!  We are going to be walking you through some of the absolute best podcast episodes of the year and the best horror short fiction.  So let's jump in!  The Horror Pod Class Facebook Group Signal Horizon on Facebook and Twitter Helpful links: Podcast Episodes Video Palace, a Shudder Original Podcast PseudoPod 618: Goblins by Orrin Grey Nightlight S01 E08: The Comet by W.E.B. De Bois Books in the Freezer interview with Grady Hendrix This Is Horror interview with Kurt Fawver Pseudopod #594 Mysterium Tremendum by Laird Barron and read by Jon Padgett Pseudopod #590 Emperor All by Evan Marcroft and narrated by Kris Straub The Horror of Nachos and Hamantashen Episode 102 - H.P. Lovecraft: Against the World, Against Life This is Horror 193- Jon Padgett and Matt Cardin Talk Vastarien Sophomore Lit 54: Haunting of Hill House Guardian by Paul Michael Anderson- Tales from the Lake volume 5 The Convexity of Our Youth from The Dissolution of Small Worlds by Kurt Fawver No Exit by Orrin Grey in Lost Highways Anthology Lola: A Love Story Steven Shlozman from See the Elephant Issue 4 Archibald Leech the Many-Storied Man by John C Foster in the Lost Films anthology. Flesh Without Blood by Nadia Bulkin from Ashes and Entropy Haunt by Siobhan Carroll from The Devil and the Deep This Cosmic Atrocity by Andrew Novak in The Lost Films Anthology The Cats of River Street (1925) by Caitlin R. Kiernan in her latest collection Dinosaur Tourist Gods in Thier Seats, Unblinking by Kurt Fawver in Vastarien Issue #1  

The incidence of peristomal skin complications (PSCs) is reported to be as high as 77%, and the negative impact of PSCs on patient quality of life is well documented. In addition, studies show that the majority of patients fail to recognize PSCs, believing that skin issues are "normal", and only 20% seek treatment. This data emphasizes the need for consumer-based tools that educate individuals with ostomies about strategies for maintaining skin health and that assist the person with an ostomy to promptly identify PSCs. During this episode of WOCTalk, we sit down with Jo Hoeflok and Christine Kim to discuss their session at the WOCN Society’s 50th Annual Conference. “Development of a Patient Peristomal Skin Assessment Guide” was a symposia session that walked through the development, availability, and appropriate utilization of a consumer-based tool for recognition and management of peristomal skin complications—The Peristomal Skin Assessment Guide for Consumers. View the full conference session, “Development of a Patient Peristomal Skin Assessment Guide” The WOCN Society’s evidence-based clinical tools are perfect for the home environment to aid with transitions of care and to improve patient outcomes. The use of these free online tools increases staff competence by augmenting skill sets in support surface selection, lower extremity wound management and ostomy complications. For information on the Society’s evidence-based clinical tools, visit: wocn.org/clinicaltools To demo the Society’s Peristomal Skin Assessment Guides, visit: psag.wocn.org. Speaker Bios Jo Hoeflok RN, BSN, MA, CETN(C), CGN(C) Consultant in Enterostomal Therapy Nursing, Self-employed Jo has been nursing for over 30 years, primarily in Gastroenterology and General Surgery settings. Jo received her BSN from University of British Columbia, Vancouver, BC, her WOCN Certificate from Emory University in Atlanta, a Masters of Arts from Simon Fraser University in Vancouver and her Acute Care Nurse Practitioner Degree from the University of Toronto, in Toronto, Canada. Jo has participated on many national and international boards including the Global Panel on Convexity and the Peristomal Skin Working Group. Jo was a Reviewer for the Registered Nurses Association of Ontario Best Practices Recommendations for Ostomy Care. She received RNAO’s Award of Merit in 2014 for her commitment to professional development. She recently retired from her role as Nurse Practitioner for the Gastroenterology and General Surgery Program at St. Michael’s Hospital in Toronto. She has relocated to Campbell River in BC, and is self-employed as a consultant in Enterostomal Therapy Nursing. Christine Kim Founder, OstomyConnection Christine Kim has been living with an ileostomy for 24 years. She is the founder of OstomyConnection.com, an online publication that shares stories of people living with an ostomy in the U.S. and around the world.

Erik Townsend welcomes Harley Bassman to MacroVoices. Erik and Harley discuss the creation of the MOVE index, the three Drivers of Risk: Duration, Credit, and Convexity and the demographic of the Baby Boomers continues to drive financial markets. They further discuss perspective on CAPE ratio levels, correlation of buybacks to cumulative flows and the flow of active to passive management is building a negatively convex foundation.

In this episode, we talk with Jeff Severs, author of the excellent new book David Foster Wallace's Balancing Books: Fictions of Value, published by Columbia University Press. Severs is associate professor of English at the University of British Columbia, Canada, Convexity. Severs is also a noted Pynchon scholar, author of a number of scholarly articles and co-editor of a book about Against the Day. His website can be found at https://jeffreysevers.wordpress.com/   Show Notes 1:00 - Introductions 2:40 - Austinites 3:34 - James Manguson 5:00 - MFA programs 6:10 - Mary Carter - the name Matt was trying to think of 7:50 - Overview of the book 9:05 - Balance in general 10:05 - Axiology - study of valuation 13:06 - Heidegger defines axios 17:18 - A Tripartite writer 26:26 - A biographical approach 34:15 - Juxtaposing hard labor with a dissolute consumerist society 40:31 - GQ, Obama, rhetoric, 2008 46:53 - The civic vision of the Pale King 1:35:40 - Jeff correctly picks Moonlight as the Best Picture winner!

My guest this week is Christopher Cole, founder and managing partner at Artemis Capital Management. Chris’s specialty is in long volatility strategies, setting up portfolios that will benefit from significant change and volatility in markets.  We discuss how a series of small bets can lead to disproportionally large nonlinear payoffs, in both life and in markets.  We also discuss the kind of watch Chris wears, Dennis Rodman, and movies, all as metaphors for his life philosophy.    Please enjoy!   For comprehensive show notes on this episode go to investorfieldguide.com/cole/ For more episodes go to InvestorFieldGuide.com/podcast.  Sign up for the book club, where you’ll get a full investor curriculum and then 3-4 suggestions every month at InvestorFieldGuide.com/bookclub Follow Patrick on twitter at @patrick_oshag

http://www.tropicalmba.com/the-power-of-negative-action-optionality-convexity-antifragility/ http://www.tropicalmba.com/the-power-of-negative-action-optionality-convexity-antifragility/ Dan and Ian are coming at you this week after some intense reflection and mindset shifts.  This episode is all about the power of negative action and leveraging the inevitable changes in the world as a small business entrepreneur. Nassim Nicholas Taleb’s book, Anti-Fragile inspires the content for today’s show and the fellas mold...

Based on his continuing exploration of the decision making process under opaque circumstances, Nassim Taleb, author of The Black Swan and Antifragile: Things That Gain from Disorder, shares how the benefits of random conditions can be successfully harvested to help navigate a world we do not fully understand.

Based on his continuing exploration of the decision making process under opaque circumstances, Nassim Taleb, author of The Black Swan and Antifragile: Things That Gain from Disorder, shares how the benefits of random conditions can be successfully harvested to help navigate a world we do not fully understand.

Based on his continuing exploration of the decision making process under opaque circumstances, Nassim Taleb, author of The Black Swan and Antifragile: Things That Gain from Disorder, shares how the benefits of random conditions can be successfully harvested to help navigate a world we do not fully understand.