Safe Haven by Mark Spitznagel
Investing for Financial Storms
A concise guide to protecting portfolios from market crashes, it argues that real safety comes not from traditional haven assets or simple diversification, but from minimizing large drawdowns to improve long-term compounding. Explaining the math of geometric returns and volatility drag, it shows how small allocations to highly convex tail hedges can pay off disproportionately in crises. Through historical examples, it challenges reliance on bonds and correlations, advocating a focused exposure to productive risk paired with efficient crash protection. The result is a practical framework for enduring financial storms while enhancing growth over time.
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- Published
- 2023
- Nationality
- American
- Length
- Medium
- Pages
- 256
- Original Language
- English
- Avg User Rating
-
(5.0)
- Alternate Titles
- None
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