Q1 2022 US Global Investors Inc Earnings Call Transcript
[Audio Gap] Obligation to update them in the future.
On Slide 5, I want to briefly hand it over to Frank Holmes to touch on the importance of understanding what we like to call the DNA of volatility before we dive into today's results. Frank?
Thank you, Holly, and thank you, everyone, for participating and listening to this presentation, and most important is for your patience as we've journeyed through this past year. But before I get into some of the details, the financial details and product developments and new products, et cetera, I'd really like to remind investors because lots of legal words really don't explain the DNA of volatility. It's the math, and the math is what attracts people. If you're traders in the ecosystem or frightens you if you're a retired investor.
So what's important here is to recognize the S&P 500's daily volatility is 1%. That means approximately 70% of the time
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