You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

lmm comments on US default as a risk to mitigate - Less Wrong Discussion

2 Post author: bokov 15 October 2013 04:41PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (120)

You are viewing a single comment's thread. Show more comments above.

Comment author: lmm 16 October 2013 11:57:27AM 4 points [-]

That's what options are for, no? Buy a bunch of put options for US treasuries. Whatever you paid for the options is "wasted", but you profit if they go down (in proportion to how much they fall by), and lose nothing more if they go up.