Heterodox
Back in 2013 I wrote about how dangerous many of the new products on Wall Street are. I said this about XIV, an inverse volatility fund: But you have to be very careful about the latest fads and trends. Some of the funds that have been created in the last 5 years since the crisis have been downright dangerous if misunderstood. Funds like these VIX funds, many of the commodity funds with futures roll issues, the 3X funds, etc. The moment where it struck me as a bit overboard was when I...
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