No Diversification
Think diversification is a magic shield? In this post I explain why diversification often looks useless in market sell-offs, how it really compresses the left tail instead of erasing risk, and why correlations break down. I list the instruments I use and discuss tail risk strategies, trend following and structured products with capped downside protection.
Rolly's Take
For the discerning investor who feels the weight of uncertainty and seeks clarity in a chaotic marketplace. They appreciate the nuances of risk, understanding that true wisdom lies not in seeking shielded returns but in navigating the unpredictable tides. Here, the complexities of finance unravel into a more grounded conversation about resilience and strategy, inviting introspection rather than easy answers.