The “bar” we walk into in this episode is one that specializes in blending the unique flavors of beta and alpha, and our mixologists are Victor Canto, Chief Economist of Cadhina & Co, and Donn Stobierski & Jim Kleinops, the Founders and Managing Members at Black Bear Capital Advisors joining us to talk about convexity and rebounds, and adding equity to global macro. Today’s podcast delves into the Dominican Republic, the secret sauce behind how the tail works, the ability to stick with your beta, convexity risk profiles, Paso Fino horses, diversifiable risk, nimble strats taking advantage of regulations, US bonds going negative, modeling based on the election, a world defined by liquid assets, commodity trend inflation hedge, the poor man’s tail risk, the Boilermakers, volatility-based weighting, and the cost of risk mitigation.
Find the full episode links of The Derivative below:
Chapters:
00:00-01:39 = Intro
01:40-14:39 = Background
14:40-34:00 = A Unique Investment Strategy
34:01-49:01 = What’s responsible for the movement?
49:02-1:02:49 = The upcoming election & Sizing Volatility
1:02:50-1:10:05 = Favorites
Follow along with our guests Donn Stobierski on LinkedIn, Jim Kleinops on LinkedIn, and Black Bear Capital on their website; and with Victor Canto on LinkedIn, check out his book Cocktail Economics, and connect with Cadhina & Co.