One of Wall Street’s most bearish skeptics told Business Insider last month that he thinks the “worst market crash since 1929” is coming.
Mark Spitznagel, chief investment officer of Universa Investments, is known for being a “permabear” when it comes to the stock market outlook.
Spitznagel told Bloomberg in an earlier interview that we’re witnessing the “greatest credit bubble in human history.”
Spitznagel’s main advice to everyday investors is not to chase the market, but rather to build a portfolio that can withstand the impact if the market crashes.If you share Spitznagel’s incredibly bearish view on the state of the U.S. economy, here’s how you can prepare your portfolio.In an interview with New York Magazine’s Intelligencer last year,Spitznagel likened the Fed’s “constant monetary intervention” to forest fire suppression.He went on to say “when you suppress it enough, it gets to a point where you can no longer afford to have any fires […]
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