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
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: https://geni.us/options-course
➥ Options Trading for Beginners (The ULTIMATE Guide): https://youtu.be/7PM4rNDr4oI tastytrade, Inc. (“tastytrade”) has entered into a Marketing Agreement with Project Finance(Marketing Agent”) whereby tastytrade pays compensation to Marketing Agent to recommend tastytrade’ brokerage services. The existence of this Marketing Agreement should not be deemed as an endorsement or recommendation of Marketing Agent by tastytrade and/or any of its affiliated companies. Neither tastytrade nor any of its affiliated companies is responsible for the privacy practices of Marketing Agent or this website. tastytrade does not warrant the accuracy or content of the products or services offered by Marketing Agent or this website. Marketing Agent is independent and is not an affiliate of tastytrade.