Is it just me or is he on some sort of publicity blitz. I thought we used to hear from him a couple of times a year, now he is on every business channel and speaking regularly.
Most interesting part to me was:
Always buys protection in the form of puts etc.; believes “insurance” is almost always underpriced. Value at Risk (VAR) stat analysis does not account for tail risk so sellers that almost invariably look at the market and employ this or similar – as he believes almost all do – simply don’t price that risk properly. He’ll throw pennies under the steam roller all day for protection. Costs him 2-5% every year.