Universa’s Mark Spitznagel Spreads His Wings

Spitznagel is looking to apply the skills he learned managing black swan funds to macro investing

Mark Spitznagel: I wanted to be away from Wall Street
Photograph by Catherine Ledner

In the late 1990s, Nassim Taleb had a radical new idea for an investment strategy: He wanted to start a hedge fund designed to lose money when the market went up.

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