Topic Archives: Hedging

If my limited interactions with the outside world are any indication, I’d say we’ve gotten to the “cab driver” period that institutional investors often talk about: When your cab driver starts giving you stock tips, the top is probably near. That’s not a reliable predictor, of course, and I guess it would be Uber drivers […]

I’m separating my comments here about hedging out from the rest of my ongoing Annual Review commentary, just for the sake of clarity (the latest missive, on my natural resources-related holdings, is here). I’ve written about hedging before — it tends to be expensive, if it’s effective at all, and it needs to be thoroughly […]


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