Category: Tail Risk
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Chaos Kings
Scott Patterson’s Chaos Kings, Part 1″ YouTube video, Scott discusses his latest book inspired by Nassim Taleb and Martin Baum’s experiences during the COVID-19 pandemic. Taleb, known for his Black Swan theory, earned significant profits from Universa , his hedge fund, during the market crash. The speakers debate the existence of market timing and Universa’s investment strategy,…
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Short Volatility Callers
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The Flat Earth Trading Society
In this Flat Earth Trading Society video, Robb Reinhold discusses the challenges of setting stops for trades based on dollar amounts or percentages due to different stocks’ volatility. The “Flat Earth Trading Society” videos are a joke/demo by Robb to not only promote his prop trading firm, but also demonstrate how to let winners run…
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Livermore the Legend
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Commodities are even more important than you think…
The YouTube documentary “Behind closed doors: commodity traders, how it works | FULL DOCUMENTARY” explores the secretive and complex world of commodity trading. It reveals how speculators manipulate markets to drive up prices, the risks and rewards of commodity trading, the relationship between traders and banks, the role of paper trading in futures markets, the…
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Chaos King
“It’s not just about making money during catastrophes…it’s about trying to protect ourselves from catastrophes” Nassim describes that most people prefer to sit on metaphorical dynamite for a steady stream of income. The primary goal at his firm Universa Investments is to benefit when the “steady” cashflow assets and trades cease to make money. Some…
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6/12/23
Nassim Taleb, hedge fund manager and author of “The Black Swan” discusses the limitations of financial models. He argues that most of the world is driven by Fat-Tailed processes and that using normal distributions in risk analysis is not accurate. Taleb explains that Modern Portfolio Theory, which uses a mix of stocks and bonds, does…
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When Models Fail…