Is there a role for options insurance in equity portfolios?
Nassim Taleb and Cliff Asness, two high-level thinkers on finance, disagree
IN 1993 Nigel Short, a British chess player, became an unlikely TV star. This was a consequence of the staging in London of a chess match between Mr Short and Garry Kasparov, the world’s best player. Channel 4 carried highlights. Sustaining interest was a challenge, though. Two men hunched over a board is not a great spectacle. A bigger problem was the baffling complexity of top-level chess. Even a club-level player could not easily work out who was winning.
This article appeared in the Finance & economics section of the print edition under the headline “The options gambit”
Finance & economics
June 6th 2020- Can Hong Kong remain a global financial centre?
- America’s public-pension funding crisis worsens
- Americans saved a record chunk of their incomes in April
- ESG investors get their heads around social risks
- Is there a role for options insurance in equity portfolios?
- Downturns tend to reduce gender inequality. Not under covid-19
- Japan probes the limits of economic policy
From the June 6th 2020 edition
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Explore the edition
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Even his concessions are less generous than expected
Why silver is the new gold
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Trump’s new tariffs are his most extreme ever
America targets its three biggest trading partners: Canada, Mexico and China
El Salvador’s wild crypto experiment ends in failure
Its curtailment is the price of an IMF bail-out. And one worth paying
America is at risk of a Trumpian economic slowdown
Protectionist threats and erratic policies are combining to hurt growth
India has undermined a popular myth about development
Extreme poverty in the country has dropped to negligible levels