By Daily Crux Editor Sean Goldsmith:
Black Swan author Nassim Taleb and his partner Mark Spitznagel are starting a new fund, the Black Swan Protection Protocol-Inflation, to bet on soaring inflation.
The inflation bet is common these days, with the likes of John Paulson and David Einhorn piling in, but Taleb - always one for theatrics - is betting it will hit levels few expect. So if you've got at least $25 million, you can let the mathematician/philosopher/investor and his partner manage your funds...
From the WSJ:
The new strategy, designed by Mr. Spitznagel, aims to post big gains if inflation and interest rates take off as they did in the 1970s. Universa will invest in options tied to commodities such as corn, crude oil and copper, as well as options on stocks such as oil drillers and gold miners.
Read full article...
More recent posts on inflation:
This simple indicator shows inflation ahead...
How years of inflation could make you much richer
Black Swan theorist Taleb may have lied about his returns
Investment legend Marc Faber "100% sure that the U.S. will go into hyper inflation"