Mark Spitznagel says the AI boom likely has further to run, but a monumental crash is coming.
The founder and chief of Universa Investments, a “Black Swan” fund that aims to win big from catastrophes, shared his stock-market outlook and reflected on his investing style in a recent interview with Business Insider.
Spitznagel said Universa’s signature tail-hedging strategy has enabled him to be “extremely bullish” for the past four years, despite his hedge fund being “certainly the most bearish vehicle you’ll ever find.”
He flagged signs of excessive leverage and “hubristic, humongous bets,” but said he didn’t see anything likely to cause an…
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