- Becauseitforcesinvestorstogetoutofstocksasthemarketfalls,investorsenjoysomedownsideprotection.It'sthedownsideprotectiononaninvestmentthatVCsexpecttohaveasabaselineofanyequityinvestment.Thesesecuritieshaveavarietyofprotections-suchasliquidationprefer...
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- Hisstrategythisyearhasinvolvedshortingfinancialshares,anapproachwithgreaterdownsiderisk."We'rereachingthepointwherewereallyquestionwhetherthere'smuchmoredownsiderisk,"hesays.TheconclusionreachedbythepapersI'vereadisthattherisk-adjustedoutperform...
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- Then,considerthedownside.Thedownside:Itrainshalfthetime.However,thereisadownsidetoMartin'soffbeateffectiveness.AndasImentionedtoday,therearedownsiderisks.Butthereisanequallyimportantdownside:inbreeding.Nevertheless,downsiderisksofthedebtcrisisinEuro...
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