From Black Rain To Black Swans: The Importance Of Hedging
Below is a recording of my presentation to the Greensboro chapter of the American Association of Individual Investors on October 17th. Here is a summary of the topics including black rain and why to hedge in the presentation.From Black Rain To Black SwansQ3 2020 hedge fund letters, conferences and moreWhat Is And Isn't A HedgeA hedge is something that always rises in value when the underlying security you want to protect declines in value. That definition excludes assets some investors informally describe as hedges, such as gold. If you are long an individual stock that tumbles because it miss...