Finding Calm in the Chaos...

This market is reaching the outer bands of hysteria - so let's try to take a step back and determine what to do right now.

Dear Fellow Traveler:

In December 2019, Tim Melvin and I sat in the second-floor offices of Money Map Press. Our goal: To pitch a trading service that was uncanny.

It was a “Black Swan” trading model, similar to the work of Mark Spitznagel, the head of Universa Investments, who trades in this world. Universa is a fascinating business.

They’re willing to lose money in periods of improving markets. But they’ll focus on multiple-sigma events that hammer the market. By making small bets, they can make a turnaround of 3,600% in a month, as they did in March 2020.

At the time, the publisher cut Tim off during the pitch. “We don’t know when black swans will happen,” he said. “So, why would anyone want to own this?”

Aside from the gains being significant when they hit… the reality is that the post-2008 financial world has produced nothing but instability.

We’ve had the 2011 European Banking Crisis, the 2015-16 China Crisis, the 2018 Repo Crisis, the 2020 COVID-19 Crash, the 2022 GILT Crisis, the…