As the coronavirus pandemic spread across the globe, the stock market plunged more than 30%.
The "Black Swan" fund, managed by a protege of Nassim Taleb, invested in securities and derivatives that benefited from the extreme market volatility caused by the coronavirus. Spitznagel was a student of Taleb at New York University and together they established Empirica Capital in 1999. Additionally, Taleb serves as an adviser to Universa Investments.
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'Don’t tell me what you think, tell me what you have in your portfolio.' - nntaleb Me to Financial Analysts
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