Thinking in Markets

S1E165 - When Convexity Is a State, Not a Trade


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Convexity is often treated like an options term, but retail investors can think about it more simply. Michelle and Vox explain how a portfolio can be built to survive two different macro states, why silver is a tricky hedge, and why inverse ETFs can turn a clean portfolio idea into a fragile trade.

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Thinking in MarketsBy Vox