"If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that you deal with."

Previous Quote

You know, some of the portfolios we might consider buying are portfolios which would do especially well if we have an economy-wide, or I mean, a global climate change that impacts us very negatively there are some companies that will do well, and so it might make sense to hold some of those in your portfolio.

— Robert F. Engle