YouSaid · the spoken record

Jeff Chang

lines on the record: 92
first: 2026-02-27
most recent: 2026-02-27
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“Yes, I think that was actually the superpower, right? Like when you climb a mountain and you don't know how high it is, and there's a cloud base, if you saw a clear view, it probably wouldn't be. If you told me to quit my job and I wouldn't get paid for four plus years, I probably wouldn't have done that. But then it's like always success is always around the corner. At least you dream of it, right? Everybody sees what you are now. They don't see the pain where you're constantly just waiting for that cloud to clear on the next part of the mountain. Because I could tell you this, that like if you saw how big the mountain is, nobody would do it.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Look for pain points, look for problems. And then the last thing is just a personal thing is don't take yourself too seriously, right? Have fun with life. And I think that is, because otherwise all this stuff can create massive amounts of burnout”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Keep your eye out for painful problems that you have the skill set to solve. So obtain those skill sets and then have your eyes out, eyes peeled throughout life, write them down. Look for painful.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think a recent college grad, I think similar to kind of bringing it full circle, same thing, develop the skills that, you know, you're not beholden to anybody, right? Whatever that is, whether you're in college or out of college, like develop those skills that you can actually, that they're portable one to the other. And then not be afraid of failure. Take chances. Now this is not for everybody, I would say, you know, meaning not everybody is going to be a founder. Not everybody's going to be an entrepreneur, which I, by the way, I find as two different people. Founder has the creativity. An entrepreneur has the grit and influence. A founder has to have the creativity because you're actually introducing a whole new industry or a whole new thing that somebody else has not seen yet, right? But that's the thing.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes. I have my own questions. That's why I use multiple grock and everything else. That way I get a whole plethora. And then what ends up happening is you get all this new stuff and then you dig deep into whatever topic. And I found that so fascinating because I just, it's curiosity. It's like”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so then you take quantum entanglement And you then say, okay, if I have a proton here and a proton elsewhere and the light and how that proton experiences time through entanglement versus how time bends with gravity. By the way, all of this just keeps going deeper and deeper and deeper. And then the thing is I keep telling it to explain it to me like I'm 16. Now my entire prompt explains everything. I will explain.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Of emergence. Totally. And then the other thing that I found recently that people can dig into, I think this is fascinating, is that your head experiences time different than your feet from the proximity of gravity's.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Spooky I mean, they teach that in middle school. Yeah, exactly. So the quantum entanglement of that you have two protons that, you know, if you do want to X, Y will do the same. It's just like having two dice. If dice on Earth, by the way, they've proven this. Like if you roll the dice on Earth, it rolls a six, it'll definitely roll a six. And it's not bound by space and time. So basically, it could be light years away. You roll that dice. It rolls an eight, this one in Earth is going to roll an eight. And so then they started to combine that with is that part of human consciousness that is your consciousness quantum entangled is what makes you you. By the way, this type of like thinking.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“And by the way, it spits out all this stuff because if you think about it, humans, like we as a human, you could get a PhD in biology. You get a PhD in astrophysicists. You get PhD in chemistry. But you're the expert in their field. But think about this, that ChatGPT passed the bar exam in like, I don't know, like a couple weeks, right? So it's becoming experts in everything. And then it's combining all of those things together. So how many like PhDs in chemistry, astrophysicists do you have that like have like the expert and everything? And then what comes out? Like you tend to learn so many things that like, by the way, it turns into this rabbit hole. And I noticed that my prompt actually, because I always tell it to me, like, explain it to me like I'm 16. So I've been driving into this other thing of it's been teach me about quantum entanglement. Are you familiar with this?”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“And I could tell you I got this from a good friend of mine and he's going to kill me for saying this. So a friend of mine, his name Matt Bellamy. He's a lead singer at Muse. And he actually taught me this. So I can't take credit for this. We go into ChatGPT and he actually sent me the prompt. And we prompt ChatGPT, tell me in the last two weeks what you have learned that is beyond human comprehension. Something like those lines.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“I do listen to podcasts, a master's in business. However, there's a new thing that I've been doing. Actually, it's not a book. All right. And it'll probably hit everybody differently on what I'm doing here. Okay.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“It was a great book. Kind of along with that, how to win friends and influence people, I think those are great. I actually in finance, one of my first ones was the intelligent investor by Ben Graham, Ben Graham. Those are kind of cornerstones.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Different fields so the competition stops. Yeah, exactly. He's an engineering. Financial engineering. Yeah, yeah, exactly.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Already, yeah. So they recently, like I said, like Bloomberg just wrote an article about them on Densey AI. And he has been extremely, a lot of times people ask like, hey, did you work that hard because your parents were, you know, like tiger parents? No, actually I was just chasing my brother the whole time. It was definitely a different dynamic. And yeah, I couldn't be more proud of him. And a lot of times people are like, hey, what tea are the Changs drinking? But we get along great while we're competitive. We support each other. But he's been.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Dojo Pride. If folks that aren't familiar with Dojo, it's the AI system at Tesla that coded the self-driving. Right. He recently, in fact, Bloomberg wrote an article about his firm density AI that I think they are one of the first companies to really kind of take on, because the dojo, I think, system is one of the more efficient ways that can take on NVIDIA for the chip. So that's why it's funny that you said like, hey, the person that's going to dethrone NVIDIA may still be in high school. I was like, yeah, he might just be four years old. Right.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“I have an older brother. He's four years older than me He's the overachiever. I'm the underachiever of the family. So my brother, I remember growing up, he was like good at math and science. I would literally show up to class and they'd be like, oh, you're Bill Chang's brother. You must be smart. By the way, you know what that does to you as like a lot of pressure. Yeah, a lot of pressure. So he went on, he worked at Apple and then was at Tesla. I think he was chief architect of the Dojo.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“A lot of those companies were private or startups then. Right, think about that, and I think that's the same, like history doesn't repeat itself, it rhymes. I actually think a lot of the kind of the Hugely successful companies from AI are in startup mode. They're at Y Common Era. 90% of the almost 80-90% of the companies at YC are AI driven. They have, I've seen an article recently, They're month over month average for the batch is double digits, meaning their revenue is growing over 10% month.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“The second, I think, is one of the biggest drivers of the market today, and no one would disagree, is AI, right? Sure. However, that's not the part that people are missing. Know haven't been through the 2000s. I really feel like this is like 1999, 2000. Like, think about the stocks that were big then, right? Like you had.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think, you know, while we've had a tremendous amount of growth in kind of the option space of downside protection and the income generation part, I think a lot of the market is still, I think, thinking two-dimensionally in stocks and bonds, right? Instead of just diversifying across, think about you could still diversify, but think about other ways to shape your return, right? Or thinking about income generation out of the equity portfolio. Think about income generation or boosting yield in your fixed income part of it. And then also thinking about risk management beyond diversification. While there is a lot of good part of the financial professional space that is picking up on this, I still don't think like we're just tip of the iceberg at this point, right? That's on one standpoint. I think people are still missing.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly Yeah, yeah. And then you see this, you know, in some cases, the buying options, like you said, it can even Warren Buffett said there could be weapons of mass destruction. I mean, you could see these zero day options that people are buying. That's become crazy. I mean, those are like scratch off lottery tickets, right? Who's buying them? I don't know. The kid and his mom's basement popping his pimples, eating mayonnaise sandwiches. I don't know.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“I'm going to plus, right? Just like when you sell car insurance, like if my expected loss is $1,000, I'm not going to sell the premium F for $1,000. I'm going to sell it for $1,200 to make $200, right? That extra little bit. So in options, they have what's called the implied versus realized premium. And so that's really kind of where you're trying to. Capture is the implied volatility versus what the realized volatility is. And you're hoping that the implied will be greater than the realized. I mean, that's the hope and option, especially when you're selling them. I think there's a stat that like, you know, 60% or 70% of the time the person selling the option wins the trade, right? Right. Most.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. And this comes into what we call about the implied versus realized premium, meaning options. If I look historically of a particular asset, whether it be a stock or a commodity or whatever, and it historically moves X, I'm not going to sell the premium at that number.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I made a dollar, but it still got called away, but I still made a dollar. I just buy the stock back or however way I deal with the assignment, depending on the strategy. So the idea is as long as the stock doesn't go above the premium, if I'm writing out the money or what I've actually, it gives you.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, that can happen pretty frequently, but here's the deal think about this. And this is just a concept of, let's say I collect a $2 premium. And the stock goes up one dollar”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Decay accelerates in that last week if you're selling a monthly option. So if you like do it four times a month, you have the potential to generate more yield because you're always capturing that extra decay. It's like football tickets, right? Like you ever go on Stub Hub like game times at one o'clock and you go on StubU at 12, the ticket starts to drop like a rock. Imagine if you kept tracking that and you made money off that drop, right? And everything kind of follows that. In fact, there's actually only one thing that doesn't follow that. You know what that is? Giants tickets. They decay before the season starts.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Every Friday, yeah. The reason why we like weeklies is that when you sell a call, you want the premium to go to zero. And that”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“We're just writing cover calls on to Target a specific yield. Like I said, I think anywhere from recovering every week, about 20 to 25% at the money.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so we have a strategy, also target income, almost, I believe, about 18-19% yield, and you're still only covering about 20%. So that strategy tracks Bitcoin. So you can get on a weekly basis, let's say, you know, 70, 80% of the upside in Bitcoin and then really high, almost 20% yield by monetizing the volatility. It's the same thing because just like gold Some of the knock is that it just sits in my portfolio, doesn't do anything. And the value.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“And use it for any hedge that we need that option market to be open that extra 15 minutes. And by the way, those products by first trust invest are the reason why we have an extra 15 minutes to trade GLD options. So if you're late and you're trading at 405, that's us.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly It's a call activity. That's a great question. So let's take Igold as an example, right? Prior to that fund, GLD options stopped trading at 4 o'clock. By the way, this is one of the reasons why SIBO partnered with us is how do we solve certain issues in the option market for the construction of funds, right? If options stop trading at 4 o'clock and I need to know the close, I can't create an ETF on that. That's right. S&P options, SPY options, they close at 415 today. GLD options stop trading at 415. By the way, that's a really cool statement to say that the entire street trades GLD options that extra 15 minutes because we wanted that.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“So we have gold. So, you know, biggest knock on gold has been a hunk of metal since your portfolio doesn't do anything. Now you can monetize the volatility and have potentially same problem.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Side as well? Yeah, so we have cover calls on high yield, tracking HYG gives you also, I believe, a double digit distribution yield. Only covering about 20 to 25% of the portfolio. So you're still getting over on a weekly basis.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, you got like Chevron, Walmart. Like, you're really blue chip names that are there. I mean, look at Chevron. They have the potential to be one of the beneficiaries of oil in Venezuela, right? Like they were there before. And these are the cash flowing like CREM, like companies that, like I said, grown their dividend for 25 consecutive years. These are strong names that are out there.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“But definitely as you look forward into the windshield, these are really going to be the names as the market broads out, right? Like I really do think in the next year, you're really looking at kind of a barbell approach where you, yeah, you have the NVIDIA's and the high hyperscalers in your portfolio, but you really need to have the strong staples that cash flow, especially.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“That's a big number. And we're on average, I believe, covering around 20% of every single name. So, you know, if I have 100 shares at Walmart, I'm writing in at the money call on, let's say, 20 of those shares as an example to achieve that target income. One of the things that core beliefs that we have when writing cover calls is like one of the biggest drivers is stock selection. You pick good stocks, you get good results, right? While, you know, the aristocrats, they don't have the high flying MAG 7 names. Right.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, and it has to cash flow. It's not a PE play, right? For all intents and purposes, it is companies that have to have strong motes. And the other thing that people miss is good corporate governance because who makes dividend policy? The board. For a board to never cut a dividend for 25 years, it actually was a filter for good corporate governance.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so the companies that have grown their dividend, this is created by SP back in 2005, companies that have grown their dividend for 25 consecutive years. Wow. And these are dividend growers. They're not dividend payers. So they typically, I believe, you know, yield less than 2%. But they've grown their dividend for 25 consecutive years. So for a company to grow their dividend for 25 consecutive years,”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, so one of our biggest ones is KNG, which tracks the dividend aristocrats, RDVI, which tracks the dividend achievers. These all provide”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Right, this is why we have built strategies to derive income from not just equities, but fixed income, but for gold, from Bitcoin, from any asset class.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“So, one of the kind of overall themes that we've seen in the market is the two things that really people are looking for is downside protection. But the other one is income generation. As the boomers are in retirement, the need for yield has really shown how high it is. I mean, if you look at the derivative income space, I think in 2018, and Morni Star was ranked 58th. Last year it was ranked ninth in flows, right? People are looking for income. And as volatility goes up, just like strategies like writing cover calls are extremely, it's another way to derive yield by monetizing volatility in different asset classes. You could do it in gold. You can do it in Bitcoin. You can do it in equities. You can do it in fixed income. And that's the thing is people were always thinking one-dimensionally, that like the innovation is always about thinking three-dimensionally when everybody else is thinking in two dimension.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. That's right. So I'm not smart enough to time that trade. And that's the great thing about these types of solutions is you don't have to time the trade, right? Like you're diversifying your risk management through just hedging. And like I said, repeat it again. This is the stay rich game, right? How do we protect wealth? Not like make exorbitant amounts of it, but protect wealth and get a decent return from people's wealth”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Because the thing is, this is what everybody needs to ask themselves if inflation were to come back, right, which is a very, there's a non-zero possibility way above that. Yeah, exactly. What in your portfolio is going to save you if 2022 repeats itself? That's the question everybody needs to ask. I always get the answer commodities. Great. Commodities, it's a timing trade.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. This is why we say why not diversify your risk management and hedge so if I have a hundred dollar portfolio and let's say I have $60 in equity, $40 in fixed income, and let's just say I take $10 out, I put six from equity four from fixed income, and I put it into, let's say, a 10% buffer strategy in S&P. Perhaps the standard deviation of the portfolio could be very, very similar. But notice the source of your risk management has changed. You've introduced hedging as the source of your risk management without the compliance, without the trading scalability issues of options. You've introduced hedging as the source of risk management if inflation were to rears its head.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“I wouldn't say similarly. Let me give you kind of how we think about it. So if you look at, let's say, a strategy of a 10% buffer on S&P, in fact, there are indexes out there that track these. If you compare that to, let's say, like BlackRock 6040 portfolio, you actually notice the standard deviation is almost identical. The volatility is very similar, right? over the long term. But the source of the risk management is different, right? You're actually hedging. You're not hoping that the correlation between stocks and bonds, the negative correlation is there, that, you know, when my stocks go down, I hope my bonds go up kind of situation, right? Well,”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Exactly. Because every single client is different and unique. We make products across and every client is different and how that gets utilized. We help the financial advisor even how to best build and achieve their clients' investment objectives. But as far as the end client, that's typically not our customer.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Those are the people that we stand side by side with. We build products. Those are the people we're solving problems for them, which they're solving problems for their clients. We stand side by side with the financial professionals that manage the”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“We are not that focused in the retail space, mostly. And by the way, I would say 100% of our focus is in financial professionals. Really? Because those are our partners.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, the nudge. And I believe one of the studies by Cornell University had this study of, I think they had kids in the lunchline. They gave them free apples. Like you get the end of the, you get a free apple, right? By the way, the consumption was like less than like, I don't know, 20%. It was a very low consumption rate. No one took the apple. Then they cut the apples up and they put them in little bags. By the way, the consumption went through the roof. Why? This was the nudge. This was the idea that you make it simple. People will use it. Think about options as apples. And then that we had bagged those apples to make it easier for the user to consume them without the compliance and scalability burden to them. Because theoretically, any broker or any financial advisor out there can actually trade those themselves. But that's like the same thing. Like every child could sit there and cut their, slice their own apples, but they don't want to do that.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, the compliance burden associated with trading options and scalability. Because when you buy a fund, you buy a stock, you could put in your portfolio, fall asleep for 30 years, maybe you rebalance once a quarter, you buy an option every 30 days, 60 days from now, you have to trade it. By having it inside a fund, we can trade that for you. And so now you can asset allocate, rebalance once a quarter. It solves a lot of those issues. And this is the thing that I find very interesting is two things. Number one is these strategies have been around for over 30 years. The buffer structure note has been around for years. Buffer annuities, I think we're introduced in 2010. All we did was cut the bank insurance company out. Like instead of having the banker insurance company hedge themselves with options and then issue you a policy or issue you a no, we just said why not just put the hedge in a fund and now you own it. We cut the middleman out of the middle. The other component is to think about in business that I”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source
“These types of strategies are in the stay rich game because if you have wealth, you just don't want to be poor, right? So that's why that's the kind of crux of protecting your equity exposure. And the idea is the issue with hedging has always been that to hedge with options and so on and so forth. One of the biggest, and they had surveys on why, you know, investors and financial advisors don't hedge with options. And everybody said the same two things. Compliance and scalability.”
2026-02-27 · Masters in Business · Financial Products for Hedging with Vest Co-Founder Jeff Chang · IDENTIFIED FROM THE TRANSCRIPT · source