There is a role for VIX in the portfolio of sophisticated investors, as a hedger of portfolio risks. However, he thinks that buying the VIX as a speculative instrument is like going to a casino and making bets whose outcome will be determined by luck.
There is a role for VIX in the portfolio of sophisticated investors, as a hedger of portfolio risks. However, he thinks that buying the VIX as a speculative instrument is like going to a casino and making bets whose outcome will be determined by luck.
There is a role for VIX in the portfolio of sophisticated investors, as a hedger of portfolio risks. However, he thinks that buying the VIX as a speculative instrument is like going to a casino and making bets whose outcome will be determined by luck.