Jason C. Buck on volatility, options, crises, crashes, value and reasons to be optimistic | S06 E47
Episode publishedPodcast: The Acquirers PodcastThe Acquirers Podcast
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This meeting is being
live streamed. That means it's value after hours. I'm Tobias Carlo joined as always by my co host, Jake Taylor. Our special guest today is Jason Buck of the Mutiny Fund. He's an expert in volatility, hair care products. Very self paced. Very handsome fellow. How
are you, Jason? I'm great. Apparently, I didn't get the, memo, though, on the Christmas, the Santa hat. So I apologize. No Christmas sweater, Santa hats, but unfortunately traveling in Chicago right now. I'm, on my way back from California and, got shot out for, Jeff Malik at RCM and the, driver of this podcast. I'm using his office today. So but, otherwise, happy holidays, fellas. Happy to be on and and and talk end of the year festivities even though, I'm not sure it's exciting year for any of us, but, you know, we'll we'll try to keep it positive. A lot
of people have good years. Yeah. I
don't know if it was a good year. Let's talk a little bit about what let's talk a little bit about so your muni fund volatility, just for the folks who haven't encountered you before, what is volatility, and what is your unique take on it Sure. The
mutual fund? The simple way to look at it is, like, our our flagship fund is called the cockroach fund. And the idea Great. By the way. Yeah. Thank you. The idea there is offense plus defense wins investing championships. And we find that most investors have a a pie chart of diversification, they think, but most of that's just purely offensive assets that get hurt in they think, but most of that's just purely offensive assets that get hurt in liquidity crashes like March of 2020 or in protracted recessions or inflationary environment. So we try to pair, defensive strategies with that offense.
you always have something that's not in
the portfolio? Yeah. But it's Brian Portnoy says, true diversification means always having to say you're sorry. Yeah. And so yeah. And then when they it's difficult to benchmark those things, all that sort of stuff. So it's like, yeah, it's just a lot of, just I get up in the morning, and I run face first into a wall every day. It's a it's a it's a joy. Did,
did CTAs in 2022 work? I was I know that the tail risk products Yeah. Kind of didn't because it was too slow of a meltdown, but did CTAs capture that that slow meltdown well? Yeah.
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