The article discusses the views of Mark Spitznagel, the founder of Universa Investments, a hedge fund that specializes in protecting against “black swan” events or unexpected market crashes. Spitznagel believes that the stock market is in a bubble fueled by excessive money printing and low interest rates, and he warns of a potential crash by 2024. He cites the Federal Reserve’s quantitative easing policies and the government’s stimulus measures as contributing factors to the market’s overvaluation. Spitznagel argues that the market’s current valuations are unsustainable and that a correction is inevitable. He advocates for investors to hedge their portfolios against such risks by investing in strategies that can profit from market crashes. The article also mentions Nassim Taleb, the author of “The Black Swan,” who has collaborated with Spitznagel in the past and shares similar views on the fragility of financial systems.