Markets

‘Black swan’ author Nassim Taleb says no matter who wins the election or how stocks respond, COVID has permanently changed the economy — and some businesses will never recover

“Black Swan” investor Nassim Taleb told CNBC no matter who wins the election, the coronavirus has permanently changed the economy and some businesses like corporate travel and commercial real estate will never recover. Taleb added that the denial of the Trump administration over the seriousness of the coronavirus and the […]
‘Black swan’ author Nassim Taleb says no matter who wins the election or how stocks respond, COVID has permanently changed the economy — and some businesses will never recover
Markets

An investor whose fund returned 4,144% in the 1st quarter explains why his successful strategy is too dangerous for the average trader — and calls continued Fed stimulus ‘very, very destructive’

Mark Spitznagel, Universa Investments chief, told CNBC on Monday that tail-risk hedging, the fund’s risk-mitigation strategy that returned 4,144% in the first quarter, is generally “costly and a bad strategy.” Spitznagel cautioned at-home investors against using tail-risk hedging. Instead, they need to be “realistic about risk-mitigation strategy,” he said. He […]
An investor whose fund returned 4,144% in the 1st quarter explains why his successful strategy is too dangerous for the average trader — and calls continued Fed stimulus ‘very, very destructive’