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Taleb and Spitznagel have been investing based on this philosophy since 1999. The huge gains Taleb made in the 2007-2008 crisis are what made him famous and forced people to take his ideas seariously.

They can only report results on the period of time they've been in business, but so far their strategy seems to have held up for about 15-20 years.

They seem to know what they're doing, and given the stakes, have likely thought about any pitfalls you or I could imagine, along with many others we couldn't imagine.

References:

https://en.wikipedia.org/wiki/Mark_Spitznagel

https://www.wsj.com/articles/triumph-of-the-market-pessimist...

https://www.zerohedge.com/news/2018-09-22/how-fund-betting-e...



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