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 using options? Keen to discuss with others who may be doing something similar to me (and other tail-risk fund managers)