The Greatest Investor In History Is Not Warren Buffett, Nor Jim Simons

A goat farmer has been able to exceed 70% per year in his Hedge Fund.

Mark Spitznagel is a hedge fund manager, founder, president and chief investment officer of Universa Investments L.P., a Hedge Fund that has dedicated itself to risk management or, as they prefer, risk-taking.

This fund was founded in 2007 with the mission of covering the investor from any stock market crash that may occur. Its philosophy is based on the ‘Roundabout Path’ which consists of getting rid of instant gratification in the short term, as most investors seek, for much greater gratification in the long term. Spitznagel compares his investment style to many occurrences in nature, for example, conifers compete with angiosperms, a very fast-growing plant. Unlike angiosperms, conifers grow slowly, but they establish strong roots. These roots allow them to grow much taller in the future and live for many more years.

This is precisely what Universa Investments has done over the last 14 years, where it has mainly benefited from 2008 and the recent Covid crisis in 2020. The latter has been very resounding in the investment world, as they reported gains of 4,100% during the first quarter of 2020. This has pushed their CAGR to over 70%, making them one of the…