126 Jason Buck: Defensive Diversification & The Cockroach Portfolio
Release Date: 09/08/2022
How CRM3 Turns Transparency into Your Biggest Competitive Advantage
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Daily Premiums, Smarter Income: The Case for ODTE Covered Calls in a Modern Portfolio with Nicolas Piquard
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What if you could collect covered call option premium hundreds of times a year instead of once a month — without giving up the upside on your core equity holdings?
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DoubleLine's Jeffrey Sherman: This Isn't a TACO Trade
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As Iran targets oil infrastructure with missiles, Wall Street is still buying the dip — but DoubleLine's Jeffrey Sherman says this time, the trade that's worked every time may finally be broken.
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Alfonso Peccatiello: You're not diversified. You just think you are.
Insight is Capital™ Podcast
The bond market — not equities — is the most fragile and most misunderstood foundation of your entire portfolio, and most investors have no idea what's coming.
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Cole Smead: Manias, Margins, and the Case for Canadian Oil
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Is U.S. market dominance about to break? In this episode of Insight is Capital, Pierre Daillie sits down with Cole Smead (CEO & Portfolio Manager, Smead Capital Management) to unpack why today’s market may be less about valuations—and more about a powerful capital cycle that could reshape global investing.
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Rotation, Int'l Stocks, Defense-Tech, Japan, USD and the Gold Gap with Jeremy Schwartz and Jeff Weniger
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While everyone is arguing about AI disrupting software stocks, WisdomTree's Jeremy Schwartz and Jeff Weniger quietly explain why the most important market story of 2026 has nothing to do with the SaaS selloff — and everything to do with where capital is actually moving.
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Dan White-From AI Hype to Reality—Investing in the Great Acceleration
Insight is Capital™ Podcast
Is the biggest risk in your portfolio the one you're not seeing?
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Private Markets Are Reshaping Wealth-Are Canadian Portfolios Ready with Clay Khan
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If institutional investors have already shifted toward global diversification and private markets, why are most retail portfolios still stuck in the past?
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AI is Splitting the Market - The Hidden Winners Beyond NVIDIA with Ivana Delevska
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Dennis Mitchell When Diversification Matters - The Case for Global Real Estate
Insight is Capital™ Podcast
For years, global real estate has been overlooked while mega-cap tech and passive flows dominated investor attention. But with equity markets increasingly concentrated and trading at elevated multiples, Dennis Mitchell, CEO & Chief Investment Officer at Starlight Capital, argues the real risk may be not diversifying. In this episode, we unpack why supply-demand fundamentals, demographic tailwinds, and valuation gaps could make global real estate one of the most compelling opportunities hiding in plain sight
info_outlineJason Buck, Co-Founder & CIO, Mutiny Funds joins us for a chat that may have the power to change your perspective on diversification and risk management, return and long term investing outcomes.
When unexpected major events occur, such as this year's stock and bond market rout in H122, where most or all of your supposedly diversified investments became correlated, and headed sharply to the downside, you may have been left feeling with the need to consider using a portfolio designed to protect against exogenous (COVID-related supply chain disruptions, Ukraine War), economic (inflation, rates), and or Black Swan events. We're all too accustomed with using 'offensive' assets like stocks and bonds. There is no doubt, however, that we are definitely NOT accustomed to making use of 'defensive' assets and defensive strategies that are structurally uncorrelated or negatively correlated, that can provide ballast protection and real 'balance'. What are defensive assets and defensive strategies?
Jason Buck and his partner at Mutiny Fund have been thinking about this question for a long time and have created one such portfolio.
We discuss:
• Diversification, both offensive and defensive
• Tail Hedging
• Behavioural issues around tail risk and hedging
• Ego doubt and destruction
• Capital Efficiency
• The 'Cockroach' Portfolio
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Where to find Jason Buck, Mutiny Funds
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Jason Buck on Twitter - https://twitter.com/jasonmutiny
Jason Buck on Linkedin - https://www.linkedin.com/in/jason-buck-a2540b1b7/
Mutiny Funds - https://mutinyfund.com/
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Where to find the Raise Your Average crew:
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"You don't have to be brilliant, just wiser than the other guys, on average, for a long time." Charlie Munger
Welcome to Raise Your Average, our deep dive journey into learning from the people and process behind the world of investing. Through conversations with leaders in the investments game, we peel back the layers of the onion on how these holders of the keys to the kingdom allocate their time, their energy, and their dollars.
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Music credit: In Hip Hop, Paul Velchev (8MJZA6T3LK)