Greg Foss joins me today to talk about his experiences in his 32-year career as a high-yield credit trader and portfolio manager. We talk about trading history, the Great Financial Crisis (GFC), investing in 2021, buying bitcoin as insurance, and the implications of bitcoin mining.
➥ Why Every Fixed Income Trader Needs to Consider Bitcoin as Portfolio Insurance (Paper by Greg Foss):
➥ The BEST and easiest way to buy bitcoin (save 23-80% in fees on recurring buys):
0:00 – Chris Butler Introduction
0:43 – Who is Greg Foss?
2:05 – Greg’s Start in the Credit Markets
15:23 – Biggest Takeaways from the Great Financial Crisis (2007-2009)
23:54 – What Are Credit Default Swaps (CDS)?
28:05 – CDS vs. Put Options on Equities
33:10 – The Problem With Asymmetric Downside Risk Trades (Shorting Options/Buying Bonds)
34:37 – Current State of U.S. Credit Markets
38:04 – Yield Curve Control (YCC) Implications
40:40 – Greg’s Advice for New Traders/Investors
44:32 – The Worst Trade Right Now?
49:55 – Finding Bitcoin
56:49 – Pricing Bitcoin
1:10:00 – Bitcoin Mining and its Environmental Impact
1:15:50 – How Bitcoin Mining Changes the Game for Renewable Energy
1:22:10 – Message for Bitcoin Skeptics
1:25:47 – Fun Closing Question
== Recommended Resources/Videos ==
➥ Hypergrowth Options Strategy Course:
➥ Options Trading for Beginners (The ULTIMATE Guide):
source
