Universa 10 Yr Letter: What’s Past Is PrologueVW Staff
Universa letter to investors for the period of March 2008 to February 2018, titled, "What's Past Is Prologue?"
Dear Universa investors,
This month marks the ten-year anniversary of Universa’s tail hedging program (the “Black Swan Protection Protocol”). As we ring the bells and reflect on how far we’ve come, I am reminded of an old Russian proverb that warns, “Dwell on the . . .
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