Xu Zhe / 许哲

Xu Zhe is the main technical guest in E43 张潇雨、孟岩对话许哲：没有更好的生活. The episode presents him as moving from technical indicators and market prediction toward arbitrage, options, Convexity Exposure, and a deeper suspicion of simple induction.

His investing account centers on Black Swan, Fat-Tail Risk, Antifragility, Barbell Strategy, and Tail-Risk Hedging. He argues that the problem is not predicting the market, but designing a portfolio whose structure can benefit from volatility and extreme states while controlling ordinary loss.

Xu Zhe also extends the investing frame into Impermanence And No-Self. He connects market uncontrollability with impermanence and no-self, then treats practice as learning to see and release the desire for a controlling observer or a guaranteed better outcome.

Connections

• Zhang Xiaoyu / 张潇雨 and Meng Yan / 孟岩 — conversation partners.
• Nassim Taleb, Universa Investments, and Mark Spitznagel — tail-risk reference points in the episode.
• Option Contract Mechanics, Option Premium Pricing, and Convexity Exposure — technical options themes he explains.
• Antifragility, Impermanence And No-Self, and No Better Life — philosophical extension of his uncertainty frame.