Mark Spitznagel - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore Mark Spitznagel net worth, age, height, bio, birthday, wiki, and salary! Mark Spitznagel (/’ Spitznagel, s p I T Spitznagel (/’ s p I t born on 5 March 1971) is an American investor and hedge fund manager. He is the co-founder, owner chief investment officer, and the owner of Universa Investments, a hedge fund management company based within Miami, Florida. In this article, we will discover how old is Mark Spitznagel? Who is Mark Spitznagel dating now & how much money does Mark Spitznagel have?

Mark Spitznagel Biography

Mark Spitznagel is one of the most popular and richest Economist who was born on March 5, 1971 in Ann Arbor, Michigan, United States. In 2007 Spitznagel established his hedge fund Universa Investments, where he is Chief Investment Officer and offers a form of protection against market risk.

Spitznagel wrote a book in 2013 titled The Dao of Capital: Austrian Investing in a Distorted World about the Austrian School of economics and its ostensible application to investing. Paul Tudor Jones said of Spitznagel’s book that it “shows how a seemingly difficult immediate loss becomes an advantageous intermediate step for greater future gain, and thus why we must become ‘patient now and strategically impatient later’.”

Spitznagel is among the many financial executives and hedge fund managers who moved their residence and operations to Florida. In 2014, he moved his hedge fund offices from Los Angeles to Miami, citing Florida’s “more hospitable business and tax environment” than California’s. There is no income tax or estate tax in the state of Florida.

Additionally, “Universa was among a handful of funds that made huge gains” during the financial crisis that lasted from 2007 to 2008. In 2010 it was reported that a huge trade executed by Spitznagel during the time that led in the year 2010 Flash Crash (when the Dow Jones Industrial Average fell by over 9 percent of its value throughout one day) was one of the primary causes.

Spitznagel is adamant about Modern Portfolio Theory, and particularly its focus on mean-variance and correlations (or Sharpe ratios) and is skeptical of market forecasts, even though according to an article in the New York Times article, Spitznagel forecasted two market downturns during the last decade, the first one in 2000 and the second in 2008, in addition to and specifically the “2000s commodities boom.”

Along with entrepreneur Peter Thiel, Spitznagel was a major supporter of the 2012 Republican Presidential campaign of U.S. Congressman Ron Paul, a friend and fellow libertarian who “shares [Spitznagel’s] contempt for the Federal Reserve” and his desire for a non-interventionist foreign policy. Spitznagel was also senior economic advisor to the 2016 Republican Presidential campaign of Ron’s son, U.S. Senator Rand Paul.

Mark Spitznagel Net Worth

Mark is one of the richest Economist from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Mark Spitznagel's net worth $5 Million. (Last Update: January 13, 2024)

in 1999 Spitznagel along with author, financial mathematics expert Nassim Nicholas Taleb (who was Spitznagel’s teacher at NYU) created an investment fund called the Empirica Capital “tail-hedging” fund.

In 2018, The Wall Street Journal reported that “a strategy consisting of just a 3.3% position in Universa with the rest invested passively in the S&P 500 had a compound annual return of 12.3% in the 10 years through February (2018), far better than the S&P 500 itself” (and portfolios with “more traditional hedges”).

Spitznagel’s self-described investment strategy is focused on risk mitigation in portfolio construction, and is intended to allow his clients to take more systematic risk. In general terms, he does this by owning far out-of-the-money put options on stocks. He has called “investing Übermensch” Friedrich Nietzsche’s slogan “amor fati”—or the love of one’s fate—“the secret to successful investing.”

Ethnicity, religion & political views

Many peoples want to know what is Mark Spitznagel ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Mark Spitznagel's ethnicity is Not Known. We will update Mark Spitznagel's religion & political views in this article. Please check the article again after few days.

In his book and in a 2015 op-ed (“The Myth of Black Swan Market Events”), Spitznagel connected every similar high point in the Tobin’s Q-ratio since 1900 with past monetary interventionism and subsequent stock market losses, which he called “perfectly predictable, by economic logic alone.”

Who is Mark Spitznagel Dating?

According to our records, Mark Spitznagel married to Amy Spitznagel. As of January 13, 2024, Mark Spitznagel’s is not dating anyone.

Height, Weight & Body Measurements

Mark Spitznagel height Not available right now. Mark weight Not Known & body measurements will update soon.

He has described what he does as lowering what he calls the “volatility tax” paid by investors—”the hidden tax on an investment portfolio caused by the negative compounding of large investment losses.” He detailed in an investor letter how “mathematically, it is the rare big loss, not the frequent small losses, that matters most to long-run compounding,” and called the Swiss mathematician and physicist Daniel Bernoulli “Universa’s Patron Saint.”

Facts & Trivia

Mark Ranked on the list of most popular Economist. Also ranked in the elit list of famous people born in United States. Mark Spitznagel celebrates birthday on March 5 of every year.

What is mark Spitznagel strategy?

According to Spitznagel his strategy involves suffering small losses for long periods when markets are buoyant, then making huge returns during very occasional market slip ups. “That is almost the mirror image of what most investors are taught to do: make steady gains most of the time but accept the odd huge loss.

How does Universa Investments Work?

Universa Investments specializes in risk mitigation, deploying a tail-risk hedging strategy to limit losses from an outsized market event, like a “Black Swan.” Nassim Nicholas Taleb, author of “The Black Swan,” is the “Distinguished Scientific Advisor” to Universa Investments.

What is tail ETF?

TAIL Cambria Tail Risk ETF The Fund intends to invest in a portfolio of “out of the money” put options purchased on the U.S. stock market. TAIL strategy offers the potential advantage of buying more puts when volatility is low and fewer puts when volatility is high.

Are bonds a good hedge?

Bonds can be a good investment during a stock bear market because of their hedging properties. The majority of price increases for bonds, and the lowest yields, typically occur before and leading up to the deepest stage of recession.

What is the minimum investment for Universa hedge fund?

Mark Spitznagel is losing tons of money every day running Universa, his $6 billion hedge fund, and he’s weirdly calm about it. Part of the reason is that he only has about 15 investors to answer to, and they have enough money to invest more than $50 million, Universa’s minimum investment, in a world doom scenario.

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