There are different ways to hedge tail risk, but a popular one is to create a basket of derivatives that will perform poorly during normal market conditions but soar when markets plunge.

有不同的方式来对冲尾部风险，但流行的是创造一篮子的在正常市场条件下表现不佳，但在市场暴跌的时候一飞冲天的衍生品。

youdao

For Goldman Sachs, the world is going to hell in a hand basket, according to a report they wrote for hedge fund clients obtained by the Wall Street Journal last month.

FORBES: US vs The World: Are We Better Than They Are?

Perhaps this is an offshoot of the concept that was purportedly invented by the hedge fund community before things went to heck in a hand basket last summer.

FORBES: What is the Difference Between De-Risking and Raising Cash?