Yesterday, I saw Rouge Wang discussing his revolving portfolio of convertible bonds, and he mentioned that he was "surprisingly upright". I thought of Taleb's barbell strategy.

barbell portfolio = extremely safe assets+high risk and high return assets;

extremely safe assets account for 9% of the total assets, while high-risk assets account for 1%. On the premise of ensuring safety, use a small part to fight for greater benefits. The loss of this portfolio is limited, but the gain is exposed.

Some investment ideas have different names, but the ideas behind them are similar. Some fund portfolio introductions will mention that it is configured according to the concept of "core-satellite". The core is the pursuit of stable investment such as debt base, and satellite is the pursuit of high-return investment.

This kind of thinking is worth learning from and thinking about. It's important to be correct and surprising. Convertible bond rotation strategy, as a medium-and long-term "piggy bank", should be quite suitable, and it is not difficult to operate. Next, try to collect the money earned by arbitrage and the money saved to 5,, and start to operate the "convertible bond rotation".

Only by hands-on practice can we meet some details, truly understand whether the strategy is suitable for us and adjust our positions.