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Mark Spitznagel (born March 5, 1971) is an American investor, derivatives trader, author, and sustainable farmer. Spitznagel is known for his über-bearish “Austrian”-based stock market investing and pioneering “tail-hedging,” and most notoriously for his hugely profitable billion dollar derivatives bet on the stock market crash of 2008,〔(Spitznagel Bets Reputation on Inflation ), ''The Wall Street Journal'', June 17, 2009〕〔(Hedging against disaster even as markets grow calm ), ''Reuters'', January 27, 2012〕〔(When Black Swans Fly ), ''Bloomberg Markets'', November, 2011〕〔(Profiting from Disaster ), ''Risk magazine'', January, 2011〕〔(Spreading his wings ), ''Absolute Return + Alpha'', November, 2011〕〔(October Pain Was ‘Black Swan’ Gain ), ''The Wall Street Journal'', November 4, 2008〕〔(Ron Paul Sets Los Angeles Fundraiser ), ''The Wrap'', March 4, 2012〕〔(Ron Paul sets Los Angeles fund-raiser ), ''Reuters'', March 4, 2012〕 as well as for having allegedly caused the stock market crash of 2010.〔(Did a Big Bet Help Trigger 'Black Swan' Stock Swoon? ), ''The Wall Street Journal'', May 11, 2010〕 He is considered “one of Wall Street’s most bearish”〔(A Bearish Hedge Fund Bets Against the Bulls and Still Profits ), ''The New York Times'', November 24, 2014〕 as well as “biggest and boldest investors.”〔(5 hedge-fund managers to watch in 2012: How to gain market insight from Wall Street’s biggest, boldest investors ), ''MarketWatch Wall Street Journal'', December 23, 2011〕 Spitznagel is the founder, owner, and Chief Investment Officer of the multibillion-dollar hedge fund management company Universa Investments, L.P., based in Miami, Florida.〔〔〔〔〔〔Mr. Volatility and the Swan, ''The Wall Street Journal'', July 13, 2007〕〔(Flight of the Black Swan ), ''Bloomberg Markets'', May, 2008〕〔(Taleb’s ‘Black Swan’ Investors Post Gains as Markets Take Dive ), ''Bloomberg'', October 14, 2008〕〔(Black Swan Fund Makes a Big Bet on Inflation ), ''The Wall Street Journal'', June 1, 2009〕〔(Preparing for the Next 'Black Swan' ), ''The Wall Street Journal'', August 21, 2010〕〔(Spitznagel’s Universa Moves To Miami ), ''FINalternatives'', Feb 19, 2014〕 Spitznagel reportedly has large Chinese and Middle Eastern sovereign wealth funds among his investment partners,〔(Taleb’s Pessimism Lures CIC ), ''The Wall Street Journal'', August 24, 2010〕 and he has since closed his funds to new investors.〔〔 Prior to hedge fund manager, Spitznagel has been an independent pit-trader at the Chicago Board of Trade〔〔〔〔〔〔 and the head of equity options in a secretive proprietary trading division (called the Process Driven Trading group) of Morgan Stanley in New York〔〔 (until they requested that he sign a stringent “noncompete” agreement〔). Spitznagel has a graduate degree in Mathematics from New York University (Courant Institute of Mathematical Sciences) and undergraduate from Kalamazoo College in Michigan.〔〔 Spitznagel built a large farm in Michigan, Idyll Farms, that pastures dairy goats and produces award-winning artisanal chèvre. He is the author of the 2013 book ''The Dao of Capital'', called by ''Forbes'' magazine “one of the most important books of the year, or any year for that matter.”〔(Black Swans Are A Myth, Government Intervention Is The Only Black Swan ), ''Forbes'', August 21, 2013〕 Spitznagel is Senior Economic Advisor to the 2016 Republican Presidential campaign of U.S. Senator Rand Paul.〔(Rand Paul Names Hedge Fund Chief Mark Spitznagel as Economic Advisor ), ''The New York Times'', June 19, 2015〕〔(Hedge fund giant joins Rand Paul campaign as economic adviser ), ''Washington Examiner'', June 19, 2015〕 == Personal == According to Malcolm Gladwell (in a ''New Yorker'' article and in his book ''What the Dog Saw''), “Spitznagel is blond and from the Midwest and does yoga. He exudes a certain laconic levelheadedness.”〔〔 Nassim Taleb likened Spitznagel to Herbert von Karajan in sartorial appearance〔〔 (as well as in their penchant for planes, automobiles, and ashtanga yoga〔(Meet Mark Spitznagel, the Investor Behind Universa’s Big Gain ), ''The Wall Street Journal'', August 31, 2015〕) and said Spitznagel invests “like a German engineer, fearless and with an iron discipline.”〔 (Spitznagel’s surname means “sharp nail” in German.〔''German-American Names''. Genealogical Pub Co. February, 1990〕) ''Forbes'' described the “unruffled,” loafered Spitznagel as looking “better prepared for a yacht race than for doomsday.”〔(Protect Your Tail ), ''Forbes'', June 27, 2011〕 As Richard Bradley wrote (in ''Worth'' magazine): “You wouldn’t call Spitznagel warm and fuzzy; he’s not the kind of guy who’ll greet you with a bear hug and a slap on the back. But he’s funny in a dry, understated way, thoughtful and candid. Asked a question, he’s more interested in delivering a genuine answer than one intended to reflect well upon him.〔 “Spitznagel is unusual not just because of how he invests, but how he lives—far from the typical hedge fund milieu of Wall Street and Greenwich.”〔 “Spitznagel splits his time between Miami, where his 20th-floor office overlooks the Atlantic, and Michigan, where his family lives and where he owns a farm”〔 (Idyll Farms) and century-old Lake Michigan summer compound in Northport〔〔〔〔(Northport’s Got Your Goats ), ''Leelanau Enterprise'', September 20, 2012〕 and a much-publicized estate〔Passion Makes Perfect: The Voluptuous World of Linda and Robert Taubman, ''Vogue'', November, 1986〕〔''(Luxury Private Gardens )''. teNeues. 2008〕〔 AD100 Hall of Famer’s great white ways, ''Architectural Digest'', October, 2013〕 (called ''Woodland'') in Bloomfield Hills. (In 2014, Spitznagel moved his hedge fund Universa from Los Angeles to Miami, citing Florida’s “more hospitable business and tax environment” than California’s.〔 He accordingly sold his notable Bel Air mansion that he acquired in 2009 from Jennifer Lopez and Marc Anthony.〔(J-Lo and Marc Anthony Sell In Los Angeles to Financier ), ''The Wall Street Journal'', January 8, 2010〕〔(Mark Spitznagel sells former J.Lo estate in Bel-Air ), ''Los Angeles Times'', November 26, 2013〕) ''Bloomberg'' has said “Spitznagel does almost everything with zeal and intensity,” and described him honing his investing discipline by dodging oncoming taxicabs while skateboarding in New York City’s Central Park (once resulting in a separated shoulder), snowboarding and piloting engineless sailplanes over California’s Sierra Nevada.〔 (Spitznagel is also an instrument-rated pilot.〔) It reported in 2011 that Spitznagel seeded his family office (''Idyll Holdings'') with $100 million.〔 Spitznagel has said that over the years he has gained much investment insight from studying the game of poker.〔 When once asked how to become a great investor, Spitznagel responded: Spitznagel was an orchestral horn prodigy growing up, “probably the best high school player in the country” (and coincidentally shares the “horn duumvirate birthday” with the two greatest horn virtuosos ever), and was admitted to the Juilliard School of Music. He “wanted to be the principal horn player of the New York Philharmonic or the Chicago Symphony,” but scrapped his plans upon first visiting the grain pits at the Chicago Board of Trade.〔 In Spitznagel’s youth, his father (Lynn Edward Spitz-Nagel, a UCC minister, “civil rights advocate and antiwar activist” who died in 1999) would stack books by Mahatma Gandhi outside his bedroom door, hoping the young Republican would read them.〔 Gandhi later became Spitznagel’s declared “hero”.〔Universa CIO Spitznagel Says Markets Underestimating Impact of Fed Tightening, ''Bloomberg Brief'', June 2, 2015〕 In 2014, Spitznagel’s older brother (Eric) wrote a humorous article in ''The New York Times Magazine'' ((“''The Moat, the Millions and the $50 Timex Watch''” )) about Mark and the death of their father.〔Spitznagel (Eric), (The Moat, the Millions and the $50 Timex Watch ), ''The New York Times Magazine'', May 30, 2014〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Mark Spitznagel」の詳細全文を読む スポンサード リンク
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