After their Black Swan fund gained 234% in 2008 (year of the black swan), and realizing that future years can't all be black swans, (ie. they are at the top of their game with the Black Swan strategy) management company 36 South is starting a Hyperinflation fund. Can't they just invest their black swan for a hyperinflation environment? Or is hyperinflation not technically a black swan because while it is an outlier negative potential event, it is one we can conceive of. (If I did my Taleb reading correctly, black swans are those events that are hard to conceive of beforehand, not simply rare potential events)
Thus perhaps their Black Swan fund can't invest for a potential hyperinflation scenario since they themselves have conceived of the scenario as plausible. What a dilemma, it must be complicated business investing a black swan fund... the moment you realize the event you're hedging against, you might have fallen outside of your mandate!
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