Mark Spitznagel, CIO of Universa, released in May a prescient white paper called «The Austrians and the Swan: Birds of a Different Feather» in which he discussed the
theory behind the «
Equity Q
Ratio,» a variation of Tobin's Q ratio, and the expected returns to the market from various levels of Equity Q R
Ratio,» a variation of Tobin's Q
ratio, and the expected returns to the market from various levels of Equity Q R
ratio, and the expected returns to the market from various levels of
Equity Q
RatioRatio.