Podcasts about mutiny fund

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

Value: After Hours is a podcast about value investing, Fintwit, and all things finance and investment by investors Tobias Carlisle, and Jake Taylor. See our latest episodes at https://acquirersmultiple.com/podcast We are live every Tuesday at 1.30pm E / 10.30am P. About Jake Jake's Twitter: https://twitter.com/farnamjake1 Jake's book: The Rebel Allocator https://amzn.to/2sgip3l ABOUT THE PODCAST Hi, I'm Tobias Carlisle. I launched The Acquirers Podcast to discuss the process of finding undervalued stocks, deep value investing, hedge funds, activism, buyouts, and special situations. We uncover the tactics and strategies for finding good investments, managing risk, dealing with bad luck, and maximizing success. SEE LATEST EPISODES https://acquirersmultiple.com/podcast/ SEE OUR FREE DEEP VALUE STOCK SCREENER https://acquirersmultiple.com/screener/ FOLLOW TOBIAS Website: https://acquirersmultiple.com/ Firm: https://acquirersfunds.com/ Twitter: https://twitter.com/Greenbackd LinkedIn: https://www.linkedin.com/in/tobycarlisle Facebook: https://www.facebook.com/tobiascarlisle Instagram: https://www.instagram.com/tobias_carlisle ABOUT TOBIAS CARLISLE Tobias Carlisle is the founder of The Acquirer's Multiple®, and Acquirers Funds®. He is best known as the author of the #1 new release in Amazon's Business and Finance The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market, the Amazon best-sellers Deep Value: Why Activists Investors and Other Contrarians Battle for Control of Losing Corporations (2014) (https://amzn.to/2VwvAGF), Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors (2012) (https://amzn.to/2SDDxrN), and Concentrated Investing: Strategies of the World's Greatest Concentrated Value Investors (2016) (https://amzn.to/2SEEjVn). He has extensive experience in investment management, business valuation, public company corporate governance, and corporate law. Prior to founding the forerunner to Acquirers Funds in 2010, Tobias was an analyst at an activist hedge fund, general counsel of a company listed on the Australian Stock Exchange, and a corporate advisory lawyer. As a lawyer specializing in mergers and acquisitions he has advised on transactions across a variety of industries in the United States, the United Kingdom, China, Australia, Singapore, Bermuda, Papua New Guinea, New Zealand, and Guam. He is a graduate of the University of Queensland in Australia with degrees in Law (2001) and Business (Management) (1999).

Follow Jason on Twitter @jasoncbuck Read about Mutiny Fund's offerings and listen to their podcast at : ⁠https://mutinyfund.com/ Follow Pirates of Finance on YouTube at: ⁠https://www.youtube.com/channel/UCsfk98XxbnjTCLkROQZ5zWg The Trade Busters provides actionable ideas to take your option trading to the next level.  Through our educational podcast and instructional spreadsheets, we aim to empower the everyday retail trader.  Discover unique ways of thinking through sizing, risk and leverage in your option strategies. -View strategy mechanics, tradelogs and more at the trading page: ⁠https://www.thetradebusters.com⁠ -Follow me on Twitter @TheTradeBuster -The Trade Busters Discord server is now live!  Send me an email if you would like to join. **Everything discussed on this podcast is for informational purposes only and not to be construed as financial advice.

This week our guest is Taylor Pearson, Principal of Mutiny Fund, author of the book End of Jobs and the Interesting Times Newsletter. Our conversation is a summary of Taylor's amazing blog posts such as: What is ergodicity, the Sand Pile Effect, Maginot Line, and Attractor Landscapes. He also tells us his investing journey and the origin story of the Cockroach Portfolio. [0:00] Who is Taylor Pearson [3:30] The Cockroach Portfolio [6:00] Ray Dalio's All Weather Portfolio [11:00] Nassim Taleb's Black Swan [13:30] What is Ergodicity? [18:00] The Ergodicity Problem in Economics [21:00] Sand Pile Effect: Stability breeds Instability [31:00] The White Moose Problem [33:00] Maginot Line: Soldiers are Prepared to Fight the Last War [43:00] The Beer Game [47:00] Attractor Landscapes [56:00] Driven by Compression Processing [1:02:00] More from Taylor and Closing Questions If you like what you heard, make sure to follow Taylor on Twitter @TaylorPearsonME --- Support this podcast: https://anchor.fm/valuehive/support

Jason Buck, Co-Founder & CIO, Mutiny Funds joins us for a chat that may have the power to change your perspective on diversification and risk management, return and long term investing outcomes. When unexpected major events occur, such as this year's stock and bond market rout in H122, where most or all of your supposedly diversified investments became correlated, and headed sharply to the downside, you may have been left feeling with the need to consider using a portfolio designed to protect against exogenous (COVID-related supply chain disruptions, Ukraine War), economic (inflation, rates), and or Black Swan events. We're all too accustomed with using 'offensive' assets like stocks and bonds. There is no doubt, however, that we are definitely NOT accustomed to making use of 'defensive' assets and defensive strategies that are structurally uncorrelated or negatively correlated, that can provide ballast protection and real 'balance'. What are defensive assets and defensive strategies? Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long time and have created one such portfolio.We discuss:• Diversification, both offensive and defensive • Tail Hedging• Behavioural issues around tail risk and hedging• Ego doubt and destruction• Capital Efficiency• The 'Cockroach' Portfolio=================================Where to find Jason Buck, Mutiny Funds=================================Jason Buck on Twitter - https://twitter.com/jasonmutinyJason Buck on Linkedin - https://www.linkedin.com/in/jason-buck-a2540b1b7/Mutiny Funds - https://mutinyfund.com/==================================Where to find the Raise Your Average crew:==================================ReSolve Asset ManagementReSolve Asset Management BlogMike Philbrick on LinkedinRodrigo Gordillo on LinkedinAdam Butler on LinkedinPierre Daillie on LinkedinJoseph Lamanna on LinkedinAdvisorAnalyst.com******"You don't have to be brilliant, just wiser than the other guys, on average, for a long time." Charlie MungerWelcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars. We are all students and we are all teachers. We are the average of the 5 people we spend the most time with. Come hang out with us for a while and raise your average, as we raise ours.Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)

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! 

In this episode we answer emails from Visitor #1109, Keith and Brad.  We discuss Dunn Capital and Managed Futures funds, our podcast charity -- the Father McKenna Center --, and Mutiny Fund's "Cockroach Portfolio".And THEN we our go through our weekly and monthly portfolio reviews of the seven sample portfolios you can find at Portfolios | Risk Parity Radio.Additional Links:Dunn Capital:  Home - Dunn CapitalTop Traders Unplugged Podcast:  Top Traders UnpluggedMutiny Fund's Cockroach Portfolio:  The Cockroach Portfolio - Mutiny FundSupport the show

Topics:   (6:21) - What is your specific knowledge?   (7:20) - Taylor's career   (12:38) - Transaction Cost Economics   (20:02) - The work behind Taylor's first book: The End of Jobs   (21:20) - Was publishing that book a major inflection point in your career?   (23:53) - Taylor's writing on the crypto space and work in investing & finance   (29:03) - Mutiny Funds   (32:57) - The Long-Volatility Strategy   (36:33) - The Thousand-Year Portfolio   (40:49) - Who is using the long-volatility strategy and how are they using it?   (43:16) - What does the strategy look like day to day?   (50:07) - Volatility Index   (55:33) - Are there future products in the funnel for Mutiny?   (57:44) - What do you look for in the hedge funds you assemble?   (1:00:20) - How long have you been building this core of knowledge?   (1:04:11) - How do you know when to shift your focus?   (1:07:11) - Are there people you look up to who are great examples of playing the long game?   (1:09:25) - What is the long game for Mutiny?   (1:12:49) - How do you maintain discipline when the world tells you to take the other path?   (1:16:22) - What mental model do you use most often?     Links:   Mutiny Funds   Taylor's website   Taylor's The Interesting Times newsletter   The End of Jobs by Taylor Pearson   Blog post: Markets Are Eating The World by Taylor Pearson   The Kelly Criterion with Edward Thorp   The Cockroach Portfolio   The Volatility Index   The Origin of Wealth by Eric Beinhocker   Fortune's Formula by William Poundstone   A Man for All Markets by Edward Thorp   To support this costs of producing this podcast:  >> Buy a copy of the Navalmanak: www.navalmanack.com/  >> Sign up for my online course and community about building your Personal Leverage: https://www.ejorgenson.com/leverage  >> Invest in early-stage companies alongside Eric and his partners at Rolling Fun: https://angel.co/v/back/rolling-fun >> Join the free weekly email list at ejorgenson.com/newsletter >> Text the podcast to a friend >> Give the podcast a positive review to help us reach new listeners  >> Name-your-price subscription monthly, annual, or one-time: https://app.omella.com/o/9Bufa  >> Follow me on Twitter: @ericjorgenson >> Get in touch about sponsoring this podcast by replying to an email or DMing me on Twitter.

This week we welcomed back our good friend Jason Buck (founder and CIO of Mutiny Fund) for the final episode before the summer break. Our conversation included: Recent price action in the commodity space The incredible confidence of the ‘buy the dip' equity investors An end to the “bad news is good news” regime The mental pivot required to successfully navigate regime shift Why prolonged bear markets have become a foreign idea to most investors The kind of environment in which the difference between nominal and real returns matters most Human's constant pursuit of historical analogues The Farmer's Fable, macro efficiency and a mentality of abundance The opportunities created by the blind-spots in traditional portfolios and the allure of an ‘esoteric fringe' A harmonious core and a zero-sum explorer Observing the ongoing evolution of the zeitgeist Evidence-based zealotry Two types of scientific theories – those that have been disproven, and those that one day will be An eternal struggle between the brain's hemispheres – falsifiable simplicity vs intellectual rabbit-holes And much more This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.   *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.

Cockroaches aren't cuddly. But they do 2 things well that we also want out of our portfolios: 1) They're really hard to kill, and 2) They compound fast. These words are from Taylor Pearson and Jason Buck. They run a fund called the Mutiny Fund. Taylor and Jason believe that their Cockroach Portfolio is built for *maximum* survival, and to produce good returns without major drawdowns, (almost) no matter what economic conditions prevail in the future. This relies on 2 foundational concepts: negatively correlated bets and periodic re-balancing. Taylor and Jason implement these concepts using volatility strategies (eg, trading VIX futures). In this episode, Taylor and Jason will walk us through the fundamental principles behind constructing robust portfolios, and how to put these principles into practice. Download the Callin app for iOS and Android to listen to this podcast live, call in, and more! Also available at callin.com

Make more money, work less, and be prepared for a black swan event when you offset the risk of business by investing smartly.  Taylor Pearson is the founder of Mutiny Fund, where he helps investors maximize the long-term growth of their portfolios.  In this episode, he shares how he thinks about investing and diversifying as a business owner.  We talk about how to think about diversifying your portfolio to offset the risk you've taken by going all-in on a business You'll learn what talk risk means, how to better preserve wealth and what to think about investing right now when it seems like the whole world is going crazy.  This podcast is provided for informational purposes only and should not be relied upon as legal, business, investment, or tax advice. All opinions expressed by podcast participants are solely their own opinions and listeners are reminded that managed futures and other alternative investments are complex and carry a risk of substantial losses. Visit mutinyfund.com/disclaimer for more information. Episode Highlights: 4:18 Taylor's tail risk and long volatility hedge fund, Munity Fund  6:50 Why you should be thinking about tail risk  10:28 What exactly tail risk means 13:58 Playing the long game in investing and evaluating your personal risk tolerance  18:18 Are we headed for a major economy altering black swan event? 21:10 Debt super cycles and patterns in financial history 23:58 Should you be preparing your portfolio for a black swan event? 27:41 Being an optimistic & rational prepper  31:36 Thinking about your business as a part of your portfolio and how to balance risk 35:30 Finding a minority stake business owner for your business  38:13 Conservative assets to offset your business with  43:03 Taylor's thoughts on holding cash right now 47:06 How often you should think about rebalancing  Resources: Munity Fund @TaylorPearsonMe on Twitter Taylorpearson.me The Brand Growth Membership (7-day free trial if you join today) @BrandGrowthX on Twitter Review or subscribe on iTunes

In this conversation with Dan Andrews, Co-Founder of Dynamite Jobs, and Taylor Pearson, Principal of The Mutiny Fund, they talk about the future of remote work and their insights as digital nomad pioneers. Hear about the development of remote work and location independence, how technology influences the remote work industry, how to remain structured while working remotely, and dealing with in-house face-time politics.Episode Outline[00:57] First connecting with Dan and Taylor[03:46] Remote work and the history of location independence[06:18] The End of Work[08:14] The steam power to electric analogy[10:30] The Tropical MBA community[12:28] The Dynamite Circle[15:20] What's Taylor up to now?[17:36] Taylor's trilemma[21:55] Thoughts about the Metaverse and VR tech in the remote workspace[25:13] Maintaining structure with remote work[28:41] “In-office employees will always have an upper-hand on career progression because they are always seen.”Connect with Dan Dan's LinkedInDynamite JobsTropical MBA PodcastDan's TwitterConnect with TaylorTaylor's LinkedInTaylorpearson.meMutiny FundThe End of JobsTaylor's TwitterConnect with AllocationsWebsiteLinkedIn (Allocations)Twitter (Allocations)Facebook (Allocations)LinkedIn (Kendra Kinnison)

One of the major trends catalyzed by the era of low interest rates and excess liquidity has been the drive towards real assets. Uniqueness and scarcity premiums are paid in assets as diverse as real estate, art, digital assets, and fine wines. With our friend Jason Buck (CIO of Mutiny Fund) as co-host, we were joined this week by Atul Tiwari (CEO of Cult Wines) for a deep dive into the world of investable fine wines. Topics included: Atul's journey – from reformed lawyer and finance executive to managing liquid, wooden-barreled assets Separately Managed Wines – tailored solutions for different objectives The industry's original 800 pound gorilla and his point system – reverse-engineering for a single palate Specialization and diversity – the multiple voices currently driving wine culture The surprising existence of wine futures Vintage ranges, consumption windows, storage and handling Value vs growth dynamics, with no easily accessible beta – and some serious negative carry Insurance, free ports and bonded warehouses – geographic diversification and avoiding double taxation Bypassing auctions and buying only when authenticity can be verified Enriched by Jason's experience as a former restauranteur and Mike's passion for the subject, the conversation also touched on underappreciated vineyards, great documentaries, and tips for finding appropriately aged wine in restaurants. A special thanks to sommelier Amanda McCrossin (@SommVivant) for joining our live chat (and adding tons of pedigree to Jason's views). If there was ever an episode that you should consider pouring a glass for, this is it.   This is “ReSolve's Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.   *ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.

The Interview: Jason Buck of the Mutiny Fund welcomes Mebane Faber, co-founder and chief investment officer of Cambria Investments, for an in-depth conversation on the methods diligent investors can use to build and maintain wealth in all market environments. Faber breaks down his rigorous quantitative models to share fresh insights on bonds, equities, real estate, and commodities as well as the role these assets play within a portfolio. Faber and Buck discuss the importance of negatively correlated assets such as put options, which are a key feature of the Cambria Tail Risk ETF ($TAIL). Key learnings: Equity valuations are stretched thin, but buying at all-time highs has historically yielded surprisingly good returns. Faber thinks non-U.S. stocks are underrepresented in the typical U.S. portfolio and argues that for most individual investors, steady contributions to their portfolio matter much more than eking out that extra percentage of return. Recorded on 14 April 2021. Learn more about your ad choices. Visit megaphone.fm/adchoices

Jason Buck (@JasonMutiny on Twitter), Co Founder and CIO of Mutiny Funds, stopped by for the first in person interview on The Business Brew.  Mutiny is releasing the Cockroach Portfolio, a portfolio designed to survive any market conditions.  See https://mutinyfund.com/ for details.   In this episode Jason discusses his history as an entrepreneur, which took a hit in the Great Financial Crisis.  That event caused Jason to think about whether it was possible to hedge entrepreneurial risk.  After years of thought, the Cockroach Portfolio was born. The goal of the Cockroach Portfolio is to keep wealth in all market conditions.   This conversation goes all over the place.  We hope you enjoy.    ~4:05 - Trading VIX ~9:00 - Jason's history as a real estate entrepreneur ~10:00 - How often "black swans" occur ~16:50 - Jason describes thinking about hedging macro/entrepreneurial risk ~18:00 - Shannon's Demon - see also https://quant.stackexchange.com/questions/38473/intuitive-explanation-for-shannons-demon ~22:30 - How would Buffett behave if he were starting today? ~23:35 - The $SHIT ETF ~29:17 - What it's like to lose everything ~32:00 - Keeping wealth vs. making wealth ~37:50 - The Hypomanic's Edge ~41:00 - How Jason and Taylor "solved" the problem they wanted to solve ~48:07 - Be so good they can't ignore you ~49:20 - Selecting the right partners ~55:00 - Building the Cockroach Portfolio the right way ~1:04:00 - Playing better games than stock picking; compounding capital without tax ~1:09:00 - What lies do we tell ourselves? ~1:13:00 - Laying asymmetric bets ~1:17:00 - Mental health and whether substances risk mental health ~1:18:00 - General mental health discussion and habits to keep healthy ~1:29:00 - General podcast and Pirates Of Finance Discussion; see https://www.youtube.com/channel/UCsfk98XxbnjTCLkROQZ5zWg/featured ~1:37:00 - Back to Mutiny Fund and how it's structured ~1:40:00 - Avoiding big drawdowns        

'The typical pie-chart of diversification ends up being all long-GDP assets, which means these are going to do well in a risk-on environment, when we’re awash with liquidity. The problem is, when we see a sell off or a liquidity event like March 2020, we see the correlations of an ‘uncorrelated’ pie chart go to 1, which means that they all sell off at the same time.' - Jason Buck What happens when an unexpected major event occurs and all of your supposedly diversified investments suddenly become correlated, before heading sharply to the downside?  Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long-time, and have created a portfolio designed to protect against these ‘Black Swan’, high-volatility events.  You may have seen Jason Buck alongside another volatility-expert (and previous guest of Top Traders Unplugged) Chris Cole on Real Vision, or listened to his ‘Pirates of Finance’ podcast with co-host Corey Hoffstein (another previous guest of Top Traders Unplugged), but he’s also been a long-time listener of the show, so it was only right that I invited him on  to discuss some of the methods and thinking behind Mutiny Fund, and how these approaches can provide protection and profits during all market environments. Thanks for listening and please welcome to the show our guest Jason Buck. · Subscribe on: In This Episode, You'll Learn: How Jason got to where he is today If the initial risks Jason set out to protect his clients against, have changed Why CTAs could be considered ‘long-volatility’ assets that provide protection during broad market selloffs such as 2020 The benefits of ‘ensemble’ investing The opposite requirements of building wealth versus keeping wealth Why a sample size of 100 years is still just an anomaly Why the typical ‘diverse’ portfolio might be riskier than investors realise What a ‘long-volatility’ asset looks like The history of long-volatility assets The term ‘crisis alpha’ and what it means to him and his clients How to overcome the challenges of educating investors about volatility-event risks Whether the addition of long-volatility components to portfolios today has affected his initial approach 'The problem with Sharpe Ratio is that it was originally built as a portfolio tool to measure the portfolio level, but now we measure individual strategies or individual managers with Sharpe, and that was never the intention.’ - Jason Buck Why the Sharpe Ratio is often misunderstood as a risk measurement tool How much, and why, returns vary among different long-volatility managers How to approach position sizing with black swan events in mind Some of the common investor mistakes How to choose between different Trend Following managers How to create a strategy for inflationary and deflationary environments If less-liquid assets can be safely incorporated into a portfolio How to analyse backtests properly If Jason uses Gold and Bitcoin in his long-volatility strategies What keeps Jason up at night in terms of risks Connect with Mutiny Fund: Visit the Website: MutinyFund.com Follow Jason Buck on Twitter   ‘We had a lot of family and friends coming to us and saying, I've read a Nassim Taleb book or Chris Cole's white paper. How do I do this? And if you don't have tens of millions of dollars, there was never a solution.  So as entrepreneurs, we figured out there had to be a solution to this, and the piece that was missing was this long volatility, tail risk piece. And so we set out to create that opportunity for retail to get access to this asset class.' - Jason Buck Subscribe on:

'The typical pie-chart of diversification ends up being all long-GDP assets, which means these are going to do well in a risk-on environment, when we're awash with liquidity. The problem is, when we see a sell off or a liquidity event like March 2020, we see the correlations of an ‘uncorrelated' pie chart go to 1, which means that they all sell off at the same time.' - Jason BuckWhat happens when an unexpected major event occurs and all of your supposedly diversified investments suddenly become correlated, before heading sharply to the downside?  Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long-time, and have created a portfolio designed to protect against these ‘Black Swan', high-volatility events.  You may have seen Jason Buck alongside another volatility-expert (and previous guest of Top Traders Unplugged) Chris Cole on Real Vision, or listened to his ‘Pirates of Finance' podcast with co-host Corey Hoffstein (another previous guest of Top Traders Unplugged), but he's also been a long-time listener of the show, so it was only right that I invited him on to discuss some of the methods and thinking behind Mutiny Fund, and how these approaches can provide protection and profits during all market environments. Thanks for listening and please welcome to the show our guest Jason Buck. In This Episode, You'll Learn: How Jason got to where he is today If the initial risks Jason set out to protect his clients against, have changed Why CTAs could be considered ‘long-volatility' assets that provide protection during broad market selloffs such as 2020 The benefits of ‘ensemble' investing The opposite requirements of building wealth versus keeping wealth Why a sample size of 100 years is still just an anomaly Why the typical ‘diverse' portfolio might be riskier than investors realise What a ‘long-volatility' asset looks like The history of long-volatility assets The term ‘crisis alpha' and what it means to him and his clients How to overcome the challenges of educating investors about volatility-event risks Whether the addition of long-volatility components to portfolios today has affected his initial approach 'The problem with Sharpe Ratio is that it was originally built as a portfolio tool to measure the portfolio level, but now we measure individual strategies or individual managers with Sharpe, and that was never the intention.' - Jason Buck Why the Sharpe Ratio is often misunderstood as a risk measurement tool How much, and why, returns vary among different long-volatility managers How to approach position sizing with black swan events in mind Some of the common investor mistakes How to choose between different Trend Following managers How to create a strategy for inflationary and deflationary environments If less-liquid assets can be safely incorporated into a portfolio How to analyse backtests properly If Jason uses Gold and Bitcoin in his long-volatility strategies What keeps Jason up at night in terms of risks Follow Niels on https://twitter.com/toptraderslive (Twitter), https://www.linkedin.com/in/nielskaastruplarsen (LinkedIn), https://www.youtube.com/user/toptraderslive (YouTube) or via the https://www.toptradersunplugged.com/ (TTU website). Follow Jason on http://twitter.com/@JasonMutiny (Twitter) IT's TRUE

Jason Buck, Chief Investment Officer of Mutiny Fund joins us. Based in California, Mutiny was born out of Jason Buck's quest to find a way to hedge entrepreneurial risk {he was in commercial real estate in 2006-2008). After the GFC, he figured there had to be a way. Around 2010-2012 family began to ask him if there was tail protection available to protect against Taleb's 'Black Swans.' At that time, Buck's response was that unless you had at least $100-million, you were out of luck if you were looking for this kind of solution.This set him on a journey of a thousand steps to solve the problem of bringing tail protection strategies and solutions, initiailly to his immediate circle and ultimately, retail level investors. Buck had already been trading options for over ten years, and had more recently begun trading vol, so he understood well how to hedge his own portfolio. But the problem was how do solve for the problem of being able to easily do this for others, namely his family and friends. The Mutiny Fund is Jason Buck and Taylor Pearson's tail protection fund, launched last year in April 2020, to provide investors with access to a tail protection solution that would provide asymmetric payoffs in periods of market drawdowns of at least 20%.You are the average of the five people you spend the most time with. Come hang out with us for a while. You just might find out about something you didn't know you didn't know about. Like how portfolio tail risk protection works.Transcript: Coming soonYou can get to know more about Jason Buck, Mutiny Fund, and their worthwhile research, podcast, and blogs here:Jason Buck on Linkedin Taylor Pearson on LinkedinJason Buck on Twitter Taylor Pearson on Twitter Mutiny Fund - https://mutinyfund.com/about/Mutiny Podcast - https://mutinyfund.com/podcast/THE DRAGON PORTFOLIO: How To Preserve And Grow Your Wealth For The Next Centuryhttps://mutinyfund.com/thedragon/THE COCKROACH PORTFOLIO - https://mutinyfund.com/cockroach/*****Mike Philbrick, CEO, ReSolve Asset Management SEZC on LinkedinRodrigo Gordillo, President, ReSolve Asset Management SEZC on LinkedinReSolve Asset ManagementReSolve Asset Management Blog Pierre Daillie, AdvisorAnalyst.com on LinkedinAdvisorAnalyst.comPlease SUBSCRIBE and leave us a REVIEWWelcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.#insight, #outlook, #markets, #RaiseYourAverage, #InsightisCapital, @advisoranalyst, #stocks, #investing, #wealth #antifragile #blackswan #mutiny

Today's guest is one you've heard many times before if you've listened to The Derivative, but may not necessarily know all that well. He's and alts/managed futures veteran, having started his career in Chicago's famed trading pits, founded a futures investment firm, and continued on to become a partner at RCM Alternatives. ,And, of course, when not doing his day job, steps in as the dynamic host of our podcast. We're talking Jeff Malec. We thought today's podcast would be a great opportunity to get him from behind the host side of the mic to the guest side to get a little more familiar with his background, have a chance for him to share some of his own knowledge, and for all our listeners to see a different side. It is his birthday afterall – so what better episode? Jeff is interviewed by the team at Mutiny Fund in today's episode where they're talking about the differences between the New York traditional equity-based markets and Chicago's futures markets and the pros and cons for investors, why Chicago's approach did much better in 2008 and what investors can learn from that to apply to their own portfolios as well as the cash efficiency of futures, how investors should think about correlations, the common traits of the most successful investors, and why low volatility often means hidden risk and how to spot it in your portfolio. *Please note - this was previously recorded and reposted for this episode* Chapters: 00:00-01:50=Intro 01:51-16:16=Harley Davidson & Philosophy 16:17-39:07=Chicago Futures vs New York Stocks 39:08-47:54=RCM Alternatives 47:55-01:03:17=Portfolio Construction 01:03:18-01:13:39=Gold What is it Good For Follow Jeff on Twitter at @AttainCap2. 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

The Interview: Nick Kokonas, founder and CEO of Tock, joins Jason Buck, co-founder and CIO of The Mutiny Fund, to share the lessons he has learned on his path from a derivatives trader, to a restauranter, and to a technologist and fine dining innovator. Kokonas recounts his beginnings in finance in Chicago's trading pits, where he witnessed firsthand the perils of selling tail-risk, or extremely out-of-the-money options. Kokonas and Buck exchange outlooks on options trading and "the Greeks," before Buck prompts Kokonas to share how he founded restaurants such as Trio, Roister, and Alinea (the only restaurant in all of Chicago to retain three Michelin stars). Kokonas shares how identifying and solving the multitude of problems that befall the restaurant industry let him to create Tock. Recorded on March 19, 2021. Key learnings: Most restaurants waste a tremendous amount of time and money, and Kokonas uses the skills he gained as an options trader to spot inefficiencies and innovate in common practices such as dropping checks, making reservations, and ordering ingredients. Learn more about your ad choices. Visit megaphone.fm/adchoices

The Money MBA Podcast welcomes Jason Buck of Mutiny Fund to the show. Visit http://www.MoneyMBA.com for access to a video recording of the interview and … 14. Ep. #9: Jason Buck – The Money MBA Podcast Read More »

We've already covered the first three months of 2020 with Part I of our 2020 review. We're now heading into Part II with Jason Buck, CIO at Mutiny Fund and Adam Butler, CIO at ReSolve Asset Management discussing how the fall out of the first three months of 2020 dictated the ending 3/4 of the year. Tune into this next episode to hear more on the possible bond fallout, stimulus holding US markets hostage, the future of the traditional 60/40 portfolio, ReSolve's Riffs, do deficits matter?, commodity's role in inflation, “am I a socialist?,” technology improvements in commodity production, the Mutiny Podcast, and the VIX at all-time highs – and what that really means. Chapters: 00:00-01:44 = Intro 01:45-16:05 = Where do Bonds belong? 16:06-40:13 =(MMT) Acronym of 2020, Inflation & a Dystopian Outlook 40:14-48:12 = Why we NEED Commodities in our Portfolios 48:13-52:37 = Back to the VIX 52:38-59:16 = Favorites Follow along with Adam on Twitter and LinkedIn, and with ReSolve on their websiteand their ReSolve's Riffs series. Follow along with Jason on Twitter and LinkedInand with Mutiny Fund on their website and the Mutiny Fund podcast. 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

2020 has been a year for the books – be it the fastest every market sell-off or a just as amazing tech rally from the lows. Whether you're looking at it from a social/emotional/fiscal lens, it probably didn't pan out the way you imagined based on your New Years Resolution. And in today's podcast, we're focusing out with the long lens to take a look back at the year that was 2020 to investigate what strategy types got it right, which got it very wrong, and more. We've brought on two of our favorite people in the space to add some vol/macro viewpoints to the conversation, Jason Buck, CIO at Mutiny Fund and Adam Butler, CIO at ReSolve Asset Management. To get rolling on part 1 of this 2-part series, we're covering the early part of 2020 including: Early convexity through Jan/Feb, Cheap protection in the beginning of the year, How Corona blew up the markets in March, The craziest stats during the third week of March, Risk parity, Trend following & volatility strategy performances, The unbelievable rally that followed the crash, and The societal question of big corporations dictating the market. **Don't miss out on Part II coming out on Thursday, December 31. Subscribe to us on Apple, Spotify, Stitcher, and/or YouTube to be the first to listen next week!** Chapters: 00:00-02:07 = Intro 02:08-21:27 = 2020: Pre-Pandemic 21:28-47:19 = The Third Week of March 47:20-53:40 = Let's Talk Trend, Risk Parity, and Volatility 53:41-01:21:06 = The Rally Follow along with Adam on Twitter and LinkedIn, and with ReSolve on their website and their ReSolve's Riffs series and the Gestalt University podcast. Follow along with Jason on Twitter and LinkedIn and with Mutiny Fund on their website and the Mutiny Fund podcast. 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

Jason Buck (@JasonMutiny) joins me for a wide-ranging discussions about the real 'vol' - volatility. Jason is one of the pre-eminent vol experts and has a great overview of the various strategies that can be deployed - as Mutiny is a fund-of-vol-funds Going 'long vol' is talked about quite a lot, but there has been less focus on what a Retail Investor can practically do, so we talk about various specific long vol trades to give a flavour of what is possible; including a quick masterclass on 'The Greeks' We also cover the VIX ETPs (VXX, VIXY) - how they can be used, and how people need to be very careful with them too, as well as Left tail vs Right positioning, some guidelines for assessing how to think about position sizing (spoiler: there is no silver bullet here!), and a new analogy on Coffee and Options :) As always, please DM me on Twitter (@Darky999) if you have any feedback, whether good/bad/ugly

Taylor is the author of The End of Jobs, a book about our entrepreneurial future. He is currently writing a book about the cascading effects of blockchain technology. Taylor is also a principal at Mutiny Fund, a long-volatility and tail-risk focused hedge fund and is the operator of a SaaS private equity fund. Taylor joined Chris to discuss becoming more accurate predictors of the future and positioning ourselves to be antifragile to an uncertain world.  For the video, transcript, and show notes, visit https://forcingfunction.com/podcast/taylor-pearson (forcingfunctionhour.com/taylor-pearson).

In this episode, we're joined by a powerhouse group of volatility experts consisting of Kevin Davitt, Wayne Himelsein, Jason Buck, and Bastian Bolesta – moderated by our very own Jeff Malec discussing Navigating Market Volatility. Providing more than just witty banter, you'll be listening to us talk about how crazy volatility was during March/April, why the VIX is more than just for tail risk, is it too late for long volatility protection, why straddles & strangles, what everyone gets wrong about options, and the volatility landscape looking ahead. Follow along with our guests: · Kevin Davitt on Twitter and LinkedIn · Bastian Bolesta on LinkedIn and the Deep Field Capital website · Jason Buck on Mutiny Fund Twitter and the Mutiny Fund website · Wayne Himelsein on Twitter, LinkedIn, and the Logica Captial Advisers website. 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