Admiral Lord Horatio Nelson is credited with proclaiming “I see no ships” when disregarding the signal to retreat during the Battle of Copenhagen in 1801. The saying has become a British idiom for …| Convex Strategies
“The products are gaining traction because the buyers don’t have to mark them to market, thus avoiding the possibility of booking paper losses.” Japan Regulator Planning Crackdown on $6…| Convex Strategies
Way back in our June 2021 Update we noted the insistence of several central banks to stick with their historically extreme monetary policy settings, despite clear indication that their traditional …| Convex Strategies
“Pretium iustum mathematicum, licet soli, Deo notum” Sometimes we get accused of being hard on central bankers. It is, however, not central bankers per se, nor any given particular practitioners, t…| Convex Strategies
“Too often, the potential range of behavior of complex systems had to be guessed from a small set of data. When a system worked normally, staying within a narrow range of parameters, engineers made…| Convex Strategies
Sorry, but we must return to our often-used Hayek quote yet again. “We are ready to accept almost any explanation of the present crisis of our civilization except one: that the present state of the…| Convex Strategies
“Do you know the secret of life? One thing. Just one thing.” Curly Washburn. City Slickers, 1991. We find this a very useful, and accepted, philosophy when it comes to risk management of any activi…| Convex Strategies