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‘Black Swan’ hedge funder warns a recession is coming this year—and the biggest market bubble in history will soon pop ... Each of the last eight U.S. recessions dating back to the 1960s has ...
The U.S. federal government is projected to spend $870 billion, or 3.1% of GDP, on interest payments for its debt this year, according to the Congressional Budget Office — more than the entire ...
Nassim Nicholas Taleb, the author of best-selling book The Black Swan, correctly predicted the 2008 financial crash but said "gloomy" times ahead for the U.S. economy are far more easy to spot.
In 2018, The Wall Street Journal reported that "a strategy consisting of just a 3.3% position in Universa with the rest invested passively in the S&P 500 index had a compound annual return of 12.3% in the 10 years through February (2018), far better than the S&P 500 itself" (and portfolios with "more traditional hedges").
A black swan (Cygnus atratus) in Australia. The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on a Latin expression which presumed that black swans did ...
Mark Spitznagel (/ ˈ s p ɪ t s n eɪ ɡ əl /; born March 5, 1971) is an American investor and hedge fund manager.He is the founder, owner, and chief investment officer of Universa Investments, a hedge fund management firm based in Miami, Florida.
With the recent uninversion of the yield curve after years of being inverted, the clock has started ticking, Spitznagel warned. "That's when you enter black swan territory," he said.
One example of a "Black Swan" fund is Universa, which was founded by Mark Spitznagel and advised by Nicholas Taleb. [1] [2] During the 2007–2008 financial crisis the fund posted returns of over 100%. [3] In August 2015, Universa Investments made more than $1 billion in profits in one week, representing a 20% YTD return. [4]