by JD Gardner | Jun 5, 2023 | Market Updates
Stroke Play or Match Play For any non-golfers out there, match play is hole-by-hole scoring. Meaning, you play to win each hole individually. Your score from the prior hole is irrelevant to the next. In stroke play, it’s the cumulative total. Each hole...
by JD Gardner | Sep 6, 2022 | Market Updates
Two Choices Let’s assume there’s only two potential investment options. For this exercise we’ll define risk as volatility in return stream, and exposure to large drawdowns…meaning it could be a wild ride where the drag of a volatility tax could come into play:...
by Derek Hernquist | Feb 8, 2022 | Market Updates
“Risk isn’t what you think is going to happen, it’s what hurts if it does happen.” David Dredge, Convex Strategies Reading and listening to David Dredge has been a joy; it’s a great thing to see how a practitioner can...
by Derek Hernquist | Oct 14, 2021 | Market Updates
“I argue that cost-effective risk mitigation, when done well, doesn’t just take you out of risk, but actually allows you to take on more risk.” Mark Spitznagel We’d tweak “take on more risk” to “pursue more return” but...
