Diversification has been talked about to death and it's such a well known and studied 'free lunch' in the markets that almost everyone is doing it (and many would argue are over-doing it).
On the other hand, [convexity](https://www.reddit.com/r/StackingSharpes/comments/1q6ybf6/the_importance_of_tailrisk_hedging_and_convexity/) is a lot lesser known to the average investor/trader. Does anyone here engage in tail-risk hedging or value investing in vol or adding convexity to their portfolios? Keen to discuss with others who may be doing something similar to me (and other tail-risk fund managers)