'Black Swan' investor Mark Spitznagel says you should guard against disaster — but take risks too
Universa's Mark Spitznagel said it's crucial to take risks and protect yourself against huge losses, and spoke fondly of his best investment.
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# Investment Summary Mark Spitznagel, founder of tail-risk hedge fund Universa Investments, advocates for a balanced strategy combining aggressive risk-taking with downside protection through catastrophic loss hedging, arguing that investors can pursue growth while maintaining insurance against market disasters. Spitznagel's approach, which gained prominence during market crashes when his hedging strategies generated outsized returns, emphasizes that proper risk management enables investors to take calculated bets without exposing themselves to portfolio-destroying losses.
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