About the Author
MARK SPITZNAGEL is the founder and president of Universa Investments, an investment advisor that specializes in equity tail-hedging—or profiting from extreme stock market losses as a means to enhancing investment returns. In addition to hedge fund investing, Spitznagel’s 20-year investment career has ranged from independent pit trader at the Chicago Board of Trade (the youngest local in the bond pit) to proprietary trading head at Morgan Stanley in New York. He received an M.S. from New York University (at the Courant Institute of Mathematical Sciences) and a B.A. from Kalamazoo College. Spitznagel also owns and operates Idyll Farms in northern Michigan.
Spitznagel pledges all personal profits from the sale of The Dao of Capital to charity.
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