Category: Knowledge Base
One Fact and Eight Myths about Covered Calls
For years, I have enjoyed reading academic papers by Cliff Asness and the team at AQR Capital. A paper by one of AQR’s principals, Andrea Frazzini, entitled “Buffett’s Alpha” as a formative one for me in conceiving of the unique way of measuring and managing leverage in a portfolio I laid out in my 2014 book,…