Reported 8 days ago
Mark Spitznagel, co-founder of Universa Investments, warns that the market is entering 'black swan' territory amid signs of an impending recession, despite recent market highs due to Federal Reserve rate cuts. He criticizes traditional diversification strategies, emphasizing that they can lead to poorer outcomes for investors. Spitznagel advises focusing on how portfolios perform in both favorable and adverse market conditions, as reliance on diversification can lead investors astray during extreme market events.
Source: YAHOO