He means an options model I've developed as a slight fix & substitute to the standard Black-Scholes-Merton (BSM) model. I had named it "FairPut", b/c it fixes especially the Put side by making it a mirror image of the Call side (which is not the case in the standard BSM). Of course he badmouths it, b/c he does not believe it's better than BSM, nor understands the field.
I am full of admiration for the fair put. The only tough choice you have to make now is whether to use it to harvest trillions from the market or get a nobel prize.
errrr....guys, he's talking about long puts on treasuries which is a short notional. Rates up->treasuries down. We're not talking about shorting puts here XD
Bill Ackman is right. Inflation isn't temporary. A good example, the wage is impossible to lower it after increasing it. I live in Argentina, and I have a master's degree on how to live in inflation
It would be interesting to hear from you, since I am in US for 30 years and I haven’t experienced runaway inflation. How does one cope with that on a personal level, not portfolio management.
A long position in CDS is also a long rate/short bond position. However I think he means deal structure aka pay monthly prem vs. forking it out at once upfront
Something I ran across years ago; it's long but well worth a read. Written by a guy who lived through the crash, etc. and has a good take on surviving through the worst: https://when-shtf.blogspot.com/2010/12/surviving-argentinas-economic-collapse.html