Vol Persistence, The Unholy Trinity of Risk, and the (100 yr) Dragon Portfolio for our 100th episode with Chris Cole

Picture this…Downtown Chicago…December 2019 B.C. (Before COVID)…The RCM crew is venturing out to a small studio ready to record the first episode of The Derivative, with no video or clue what we were doing! Who would have thought we would be crossing the 100th episode mark just two short years later!?

And, we couldn’t celebrate this special milestone without a one-of-kind guest. Chris Cole, founder and CIO of Artemis Capital Management, is taking it up 100%, as he tells us about his very own journey within the industry. From his days of convincing people that they need some long vol – to too many people trying to own long vol and bidding up the cost of that protection — and everything else in between.

But the fun doesn’t stop there! We’re talking Chris’s unique research pieces over the years, digging into his pet dragon (portfolio), George Lucas Star Wars as a long vol metaphor, and his could have been should have been Pulitzer material paper on Dennis Rodman — because who doesn’t love the ’90s Bulls?! Plus, we’re bringing back a favorite fan closer from seasons 1 and 2. Stay tuned, sit back, and enjoy the show!

Chapters:

00:00-02:05 = Intro

02:06-16:38 = The Wide World of Vol, Sticky Strike Regime & Inflation

16:39-45:12 = Unholy Trinity of Risk, Hyper-active Central Banks & Power Law Distributions

45:13-01:08:21 = The 100 yr Dragon Portfolio, Corporate Debt & Gold vs Crypto

01:08:22-01:22:51 = George Lucas’ Optionality & Long Vol Rodman

01:22:52-01:31:43 = Hottest Take: Debt Crisis 

From the episode:

WHAT WOULD YOU PUT IN A 100-YEAR PORTFOLIO?

Follow along with Chris on Twitter @vol_christopher and visit artemiscm.com for more information on Chris and Artemis Capital Management.

Don’t forget to subscribe to The Derivative, and follow us on Twitter at @rcmAlts and our host Jeff at @AttainCap2, or LinkedIn , and Facebook, and sign-up for our blog digest.

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