Sayings on Vol and Risk...A Fresh Five

In 2024, I did a 5-part podcast series called “25 Sayings on Vol and Risk”.  These are observations I’ve found do a nice job of describing how markets work, or perhaps better said, how markets sometimes fail to work. Because markets are always teaching us lessons, I couldn’t help but add to the original 25 with five new sayings. I’ll follow up in short order with another five. Here are our Sayings 26-30:   26. “Financial market objects at rest tend to stay at rest.”   27. “Realized vol rules the world.”   28. “My portfolio is more diversified and liquid than I thought, said no one ever.”   29. “The ten-year note, not the SPX, is the risk asset.”   30. “Shake hands with the government and sell what they’re selling.”   Hope you Enjoy!