Mark Spitznagel - hedge fund manager and former top trader for Nassim Taleb - sees a 40% drop looming in the S&P500

Joanne Ma

Mark Spitznagel - hedge fund manager and former top trader for Nassim Taleb - sees a 40% drop looming in the S&P500. Spitznagel, 42, is the hedge fund manager who returned more than 100% during 2008. He was Black Swan author Nassim Taleb's head trader for years, and he's the author of a new book entitled, The Dao of Capital. Spitznagel adheres to the Austrian School of economics, which, in simplest form, says government has no business meddling in monetary policy - the Fed's moves only cause distortions that will later be corrected by markets. (VIEW LINK)


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