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Sunday, March 9, 2014

Mark Spitznagel On The Importance Of Holding Cash

The Universa Investments founder reviews why it is important to maintain dry powder today for the investment opportunities coming when when the market "reprices itself" back to reality. He discusses how difficult that is in today's artificial world, saying that although you feel like an idiot holding cash today you will be very happy you did so when the music finally stops.