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September 01, 2020 1:20pm
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Investor whose ‘explosive’ hedging strategy returned more than 4,000% last month says a ‘true crash’ in stocks is still to come

If you listened to Mark Spitznagel, the founder of Universa Investments, back in March, you probably made a nice little profit — or at least avoided some of those nasty losses — when the coronavirus outbreak blew up the long-running bull market.
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