Buck's firm (Mutiny) recommends a 50/50 split between offensive assets (stocks) and defensive assets (long volatility, commodity trend followers, bonds), with the defensive portion structured as convex positions to offset linear equity exposure.

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Speaker

Jason Buck

Evidence Quote

“we have half for offensive assets half for defensive assets”

Source

Why Defense Wins in Investing | Practical Lessons from Jason Buck— Excess Returns
Created: 8/11/2026, 7:37:59 AM

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