This is Macro Voices with hedge fund manager Eric Townsend, the free weekly financial

podcast targeting professional finance, high net worth individuals, family offices, and

other sophisticated investors. Macro Voices is all about the brightest minds in the world

of finance and macroeconomics telling it like it is. Bullish your bearish, no holds

barred. Now here are your hosts, Eric Townsend and Patrick Sarasna.

Macro Voices Episode 206 was recorded on February 13, 2020. I'm Eric Townsend. This episode

of Macro Voices is brought to you by top traders on plug.com, a podcast dedicated to

quant and rules based investing, helping investors overcome behavioral biases.

Artemis Capital Founder Chris Cole is arguably our most requested repeat guest, and he's

back to take a deep dive into the Dragon portfolio, which based on Artemis' research offers

the ideal asset allocation balance for the long term, and it bears little resemblance

to the 6040 portfolio structure most people think of as the gold standard in portfolio

construction. In particular, we're going to dive into the nuances of the long volatility

component of the Dragon portfolio and discuss strategies and tactics for expressing long

vol trades. But wait, there's more. Emil Kalinowski from Wheaton Pressius Metals in the Cayman

Islands will join us in our post-game segment to discuss what he's describing as a formative

silent depression, and he's prepared an excellent post-game chart book to accompany that discussion.

And I'm Patrick Sarasna, now Eric. Before we get to equities, let's start off with a quick update

on that coronavirus story. It has a name, finally. COVID-19 is the WHO's official name for this virus.

Patrick, I don't want to spend too much time on this subject because I recorded two full

length interviews this week. One was with our friend Preston Pichet, the investors podcast,

the other one wasn't even more in-depth one with our friend George Gammon, who helped us to organize

...