Safe Haven: Investing for Financial Storms

Praise for SAFE HAVEN

"As introduced (and formulated) in Safe Haven, risk mitigation needs to be 'cost-effective' (i.e., it should raise your wealth), and to do that it needs to mitigate the risks that matter, not the risks that don't."
-From the foreword by NASSIM NICHOLAS TALEB

"Clear, logical and persuasive, Safe Haven is highly recommended for all students of the markets-novice and professional. Spitznagel masterfully builds from first principles, establishing the role risk mitigation ought to play in investment portfolios and provides a simple yet practical framework to identify and analyze said Safe Havens."
-HARSHAL CHAUDHARI, Chief Investment Officer - General Electric Pensions

"Properly priced insurance against big investment losses can increase the expected compound growth rate of both insurer and insuree. It is a widely overlooked free lunch. Mark Spitznagel, a leading long-term practitioner, shares his insights from analyzing this extremely counterintuitive idea."
-EDWARD O. THORP, Author of Beat the Dealer and A Man for All Markets