内容简介
《避风港》探讨了一个重要的问题：在变化波动的市场中，什么是安全的投资？
现代金融理论认为，风险与收益总是成正比的，高收益势必伴随高风险，而低风险的投资路径通常通向低收益。本书作者马克·斯皮茨纳格尔的观点恰恰相反，他认为，低风险不代表低收益，“避风港”，即“具有成本效益的风险缓释”是低风险高收益的代名词。
作为避风港理论和投资组合风险缓释策略的全球顶尖实践者，马克·斯皮茨纳格尔在这部作品中充分展示了他的智慧与博学，他的探讨涉及数学、概率学、哲学、历史学甚至文学，旁征博引，例证丰富，角度独特且极具价值。阅读《避风港》，你可以在深入理解伯努利原理和投资组合理论的同时，与亚里士多德、柏拉图和尼采进行穿越时空的思想连线。在合上这本书之后，你甚至可能发现自己拥有了一种能力，可以摆脱风险和收益的两难困境。
什么是避风港？避风港在投资组合中应该发挥什么作用？我们是否只能利用避风港寻求短期庇护，等待金融风暴过去？还是说，避风港在整个投资中有更重要的意义？了解了以上这些问题，投资者将不再以固有的方式看待风险缓解，拥有更为宽广的理解未来的角度与思路。
作者简介
Universa Investments基金公司创始人兼首席投资官，拥有20年实践经验的天才投资者，《黑天鹅》作者纳西姆·尼古拉斯·塔勒布的学生、创业合伙人。他曾经是芝加哥交易所最年轻的期权交易员，从业至今的多年间，凭借独特的投资策略在历次金融危机期间获得远超市场平均收益水平的不凡业绩。
Content introduction
Safe Haven explores an important question: What is a safe investment in a volatile market?
Modern financial theory believes that risk and return are always proportional, high return is bound to accompany high risk, and low risk investment path usually leads to low return. The author of this book, Mark Spitznagel, takes the opposite view, arguing that low risk does not mean low return, and that "safe haven," or "cost-effective risk mitigation," is synonymous with low risk and high return.
As one of the world's leading practitioners of safe haven theory and portfolio risk mitigation strategies, Mark Spitznagel demonstrates his wisdom and erudicity in this book, his discussion of mathematics, probability, philosophy, history and even literature, is rich in quotations, examples, and unique and valuable perspectives. With Safe Haven, you can get a deep understanding of Bernoulli's principles and portfolio theory while simultaneously connecting with Aristotle, Plato, and Nietzsche. After closing the book, you may even find that you have the ability to escape the risk-reward dilemma.
What is a safe haven? What role should safe havens play in a portfolio? Will we just use safe havens to seek short-term shelter and wait out the financial storm? Or do safe havens have more significance in the overall investment? By understanding these issues, investors will no longer look at risk mitigation in an inherent way and have a broader perspective and perspective to understand the future.
About the author
Founder and Chief Investment Officer of Universa Investments, a talented investor with 20 years of practical experience, student and startup partner of Nassim Nicholas Taleb, author of The Black Swan. He was once the youngest options trader on the Chicago Board of Trade. Over the years, he has achieved extraordinary performance far exceeding the market average during financial crises with his unique investment strategy.
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