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On today's episode of The Real Vision Daily Briefing, we're going to hear a highlight

from a real visionary's episode with Jason Buck discussing why harnessing volatility is

crucial to achieving desired outcomes. Enjoy.

On this theme, I kind of had the idea of a general ball theme. I mean, everybody knows

I come from the ball space, but like trying to think of a ball in maybe a more broader sense.

And that's what kind of thematically has a through line with all the guests in this part

of the series. So if we think about, you know, Alex Lennard from Ruffer, Ruffer is known

as 50 cent in our world. You know, they were buying these out of the money call options

on VIX for 50 cent. Everybody knew him as 50 cent, but it finally came to light in 2020

that it was actually Ruffer. So this is obviously a very direct volatility play, but it's really

interesting to think about how Ruffer running over $30 billion in all weather strategies,

how they use volatility to kind of hedge other parts of their book or how they systematically

think about how the global, you know, landscape prevails and how they hedge out those different

parts of their book.

One of the ways that we think about getting protection into our portfolios is asking

ourselves, where is the mania in financial markets? And once you identify that mania,

there are two things you can do. First, first and probably most importantly is avoid it.

So owning no.com stocks prior to the TMT blab, owning no leverage financials prior to the GFC,

but then also trying to get the other side of it. So if the mania breaks, where is capital

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