nMark Spitznagel is the founder and President of Universa Investments, an investment advisor that specializes in equity tail-hedging--or profiting from extreme stock market losses as a means of enhancing investment returns. In addition to hedge fund investing, Spitznagels twenty-year investment career has ranged from independent pit trader at the Chicago Board of Trade to proprietary trading head at Morgan Stanley. He also owns and operates Idyll Farms in northern Michigan.n