The Latest Breaking News from Mark Spitznagel

Equity markets are once again in a euphoric run, with comparisons being drawn to two historic episodes of excess: the dot-com bubble of the late 1990s and the Roaring Twenties preceding the Great Depression.

‘The biggest risk to investors isn’t the market – it’s themselves,’ a Wall Street manager said.

“It’s not different this time,” Mark Spitznagel, cofounder and CIO of the private hedge fund Universa Investments, told Fortune.

With the market hitting near-record highs and some experts warning about potential downturns, now might be the time to consider adding mid-caps to your investment mix. Thus, one could invest in fundamentally sound stocks like Acuity Brands (AYI), PVH Corp. (PVH), and NewMarket Corp. (NEU), which have strong upside potential.…

The federal government will have less capacity to respond, and the economy could enter a recession by the end of this year, Mark Spitznagel predicted.

They are called zombies, companies so laden with debt that they are just stumbling by on the brink of survival, barely able to pay even the interest on their loans and often just a bad business hit away from dying off for good

The classic 60-40 portfolio was never meant to be the end-all, be-all portfolio—it’s just “a good starting place," according to Vanguard's Todd Schlanger.

Yellen looks at one key statistic to determine if the U.S.'s national debt is sustainable, and she says it's "at a very reasonable level.”

Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."