Mark Spitznagel – How This Hedge Fund Manager Nullifies Market Crashes

-- Calculate option prices We tend to think of insurance as a necessary cost: the price tag on some peace of mind. This analogy has been the orthodoxy in the world of investing, as well, but Mark Spitznagel’s track record – boasting annualized returns of over 100% between 2008 and 2020 – paints a very different picture.