"Hedge Fund Titan Predicts Imminent Pop of Historic Credit Bubble"

Mark Spitznagel, founder and CIO of hedge fund Universa Investments, known for tail-risk hedging, warns of the "greatest credit bubble in human history" and a "tinderbox" economy. However, he advises retail investors to focus on the long term and not bet against America, echoing Warren Buffett's advice. Spitznagel believes that risk mitigation can be costly and recommends avoiding knee-jerk reactions to market downturns. He points to rising public and private debts and the Federal Reserve's interventionist policies as factors contributing to the potential credit bubble. Despite his concerns, he acknowledges that markets always recover, even from unexpected black swan events.