Ten Minutes With Tate Currency Hedging Is Stupid

Most investors believe currency hedging reduces risk.It sounds intelligent. It sounds prudent. It sounds like control. But in reality? Currency hedging often does the exact opposite. In this video, I break down why hedged ETFs—like the difference between IVV and IHVV— don’t reduce risk, don’t improve returns, and may actually damage long-term performance. Because what…

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Wanna A Bet

Betting on binary outcomes—such as the outcome of a drug trial—introduces a fundamentally different risk profile to most forms of trading. In conventional market environments, trades tend to fail gradually. Prices move against the position in increments, allowing the trader to respond: stops can be adjusted, positions reduced, or risk reassessed. Losses unfold over time,…

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Why Gold Isn’t Acting Like a Safe Haven

Financial markets contain certain relationships that appear sacrosanct. Traders are comforted by rules that never seem to alter, and by which they believe they could literally set their watches. One of the most persistent links is betweenmadness in the Middle East, rising oil prices, and gold prices. Historically, the pattern has been straightforward. When geopolitical…

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