For decades, Warren Buffett has been the king of investing. But the strategy that made him the third-richest man on the planet is dead.
Following dire market forecasts tends to cost investors bucketloads of money, but the appetite for pessimism porn is vast. JPMorgan figured it out.
Here’s how one ‘black swan’ investor is protecting his $5 billion fund against a market crash that ‘won’t be pretty’
He says he makes far out-of-the-money bets that cost little but deliver huge when it all comes crashing down.