Vineer Bhansali – You Create Real Value by Being Different

<p><strong>BIO: </strong>Vineer Bhansali is the CIO of LongTail Alpha. The firm was founded in 2015 to help provide risk mitigation strategies.</p><p><strong>STORY:</strong> In early 1993, most investors held a significant long position on the Eurodollar futures contract, betting that interest rates would go down. Vineer decided to follow the herd. The Fed increased rates, and Vineer kept buying until he lost his investment.</p><p><strong>LEARNING:</strong> Don’t follow the herd blindly. Success in the markets is all about timing. Have an investment framework within which you operate.</p><p>&nbsp;</p><blockquote class="ql-align-center"><strong>“You’ve got to be very humble and disciplined with your loss thresholds and risk limits.”</strong></blockquote><blockquote class="ql-align-center">Vineer Bhansali</blockquote><p>&nbsp;</p><h2>Guest profile</h2><p><a href="https://www.linkedin.com/in/vineer-bhansali-ba3527113/" rel="noopener noreferrer" target="_blank"><strong>Vineer Bhansali</strong></a> is the CIO of <a href="https://www.longtailalpha.com/" rel="noopener noreferrer" target="_blank">LongTail Alpha</a>. The firm was founded in 2015 to help provide risk mitigation strategies. Vineer was a partner at PIMCO and started their first hedge fund and also started and managed their quantitative investment portfolio teams from 2000-2015.</p><p>He has a Ph.D. in Theoretical Physics from Harvard University and has written <a href="https://amzn.to/4561e2E" rel="noopener noreferrer" target="_blank">six books on finance</a>. He has also run over 60 ultramarathons. He is also an Airline Transport Pilot rated to fly jets and helicopters and has over 4,500 hours of flight time.</p><h2>Worst investment ever</h2><p>Vineer started at Citibank in late 1992, just after the 1987 big stock market crash. He was participating in a bull market created by an extremely easy central bank policy. At that time, probably the easiest trade to do was just to buy anything like fixed income or stocks, and it would go up.</p><p>Veneer was at some