How A Goat Farmer Built A Doomsday Machine That Just Booked A 4,144% Return [Forbes]
Morgan Stanley (MS)
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Source: Forbes
Mark Spitznagel’s $4.3 billion Universal Investments has waited 12 years for a perfect catastrophe.t’s early April and from his farmSpitznagel’s Idyll Farms in Michigan’s Upper Peninsula will soon be home to 40 newborn alpine goats that will graze on 200 acres of rolling pasture, fattening up to produce cheese that will be flavored with herbs and honey. “We are as vertically-integrated as we can possibly be,” says Spitznagel of the naturally replenishing abode. When he’s not herding goats, Spitznagel, 49, plays in the wildest corners of financial markets, where he’s an expert in trades that carry deceptive risks.Spitznagel’s $4.3 billion (assets) firm Universa Investments and his team of about a dozen PhD’s, mathematicians and trading experts earn their moneyby making trades that nearly always lose small sums–but very rarely generate astronomical payouts.Until one day–maybe only every five or ten years–a black swan appears, terrorists ram jets into skyscrapers or a global pandemic fre
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MS
Earnings
- 10/16/25 - Beat
MS
Sec Filings
- 12/4/25 - Form 424B2
- 12/4/25 - Form 424B2
- 12/4/25 - Form 424B2
- MS's page on the SEC website