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): https://rockstarinnercircle.com/wp-content/uploads/2021/04/Why-Every-Fixed-Income-Investor-Needs-To-Consider-Bitcoin-As-Portfolio-Insurance.pdf
➥ The BEST and easiest way to buy bitcoin (save 23-80% in fees on recurring buys): https://www.swanbitcoin.com/projectfinance
➥ Earn up to $250 in bonus crypto and up to 8.6% APY on USD-backed stablecoins: https://blockfi.com/projectfinance
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 ==
➥ Options Trading for Beginners (The ULTIMATE Guide): https://youtu.be/7PM4rNDr4oI