Mark Spitznagel runs the multi billion dollar hedge fund Universa Investments and made a name for himself after correctly predicting the 2000 and 2008 stock market crashes. While the S&P 500 lost 33% during 2008, his fund was up over 100%. During the summer of 2011 Spitznagel predicted a 20% decline in stocks which arrived just a few weeks later.
He sat down with CNBC this week to discuss the distortions that exist in the market today and the decline he sees coming in stocks. His advice for investors: get out of the way now.