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We Study Billionaires - The Investor’s Podcast Network

TIP558: How Ackman & Taleb Profited Billions During Market Crashes w/ Scott Patterson

Jun 9, 2023
58:17

Podcast summary created with Snipd AI

Quick takeaways

  • Hedge funds like the Chaos Kings thrive in times of chaos by anticipating risky events for explosive returns.
  • Protecting against black swan events involves risk management strategies to safeguard from major market downturns.

Deep dives

Who are the Chaos Kings?

The Chaos Kings are traders or investors who prosper during times of chaos. Mark Spitznagle and Nassim Taleb are among them, focusing on trading around risky events. For instance, Bill Ackman made billions anticipating the COVID crisis. Spitznagle explains his strategy as aiming for explosive returns during chaotic times, like his recall of past successes, such as the 1987 Black Monday crisis.

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