Matt_Mickiewicz

http://docs.lhpedersen.com/BuffettsAlpha.pdf

https://static1.squarespace.com/static/5581f17ee4b01f59c2b15...

tldr; * The Global Short Volatility trade now represents an estimated $2+ trillion in financial engineering strategies that simultaneously exert influence over, and are influenced by, stock market volatility

* Since 2009 Global Central Banks have pumped in $15 trillion in stimulus creating an imbalance in the investment demand for and supply of quality assets

* Last month Austria issued a 100-year bond with a coupon of only 2.1%(6) that will lose close to half its value if interest rates rise 1% or more.

* Amid this mania for investment, the stock market has begun self-cannibalizing... literally. Since 2009, US companies have spent a record $3.8 trillion on share buy-backs financed by historic levels of debt issuance.

* Every decline in markets is aggressively bought by the market itself, further lowing volatility.

* Volatility is now at multi-generational lows... Volatility is now the only undervalued asset class in the world. Equity and fixed income volatility are now at the lowest levels in financial history.

P.S. Loved the Full page NY Times ad of his tweets - https://pbs.twimg.com/media/Cviq5rBWYAQeh56.jpg

That being said, it's a double standard, most ordinary people would have been banned before they tweeted half-way down the first column of what's in that ad...

Also many wallets are simply unspendable due to transaction costs.