The “Black Swan” hedge fund guru maintains his view that a “euphoric high” is ahead, but also still sees the “largest bubble in human history” popping eventually and a crash worse than ...

Bitcoin (BTC) has not matched all-time highs against the S&P 500, gold and others — but doing so is “a matter of if, not when.” In a post on X on Nov. 15, Caleb Franzen, creator of financial ...

Correction: An earlier version of this post, misstated the first name of Mark Spitznagel. Monday's stock-market selloff offered just a taste of the chaos that will ensue when the bubble finally ...

Black Swan Manager Preps for Financial ‘Mega-Tinderbox-Timebomb’ After an epic 15-year run, hedge fund Universa’s Mark Spitznagel says the financial system is poised for a crisis—eventually By ...

‘Black Swan’: A Rare Disaster, Not as Rare as Once Believed. The name for an unforeseen catastrophe goes back centuries in Europe, where no black swans had ever been seen.