(Bloomberg) — author Nassim Taleb said investors should insure against a stock-market crash as structural issues such as the US debt burden threaten to derail an otherwise unstoppable rally.
Even with US stocks making multiple record highs and corporate profits surging, Taleb, a distinguished scientist for hedge fund Universa Investments, warns that the real danger now comes from visible risks, so-called “white swans,” that most people ignore until it’s too late.
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