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6min chapter
TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson
We Study Billionaires - The Investor’s Podcast Network
Spitsnagel's Strategy for Surviving in Times of Calamity
Mark Spitsnagel launched a hedge fund with Nissim Taleb in 1999. They've both been dabbling in these strategies where you buy derivative contracts and they're you'd buy them very cheaply. And then when the chaos hits, you benefit a lot. When things are normal, it loses a little bit of money every day or every month. It can be tough emotionally to go through that. Mark thought he was crazy because he really believed in the strategy.
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