As an NNT fan I knew about Universa long ago, and would have loved to have used it. Sadly however as a lowly "consumer" investor of normal means the minimum in

As an NNT fan I knew about Universa long ago, and would have loved to have used it. Sadly however as a lowly "consumer" investor of normal means the minimum investment to gain access to funds of this kind is just astronomical. A serious tail risk hedge of NNT caliber that members of the unwashed like me could use would be a great thing. And I lack the technical knowledge or patience to manually do all the necessary option trading to build this kind of tail risk hedge. The Cambria Tail Risk ETF was my next option, and it did give some positive returns over the Coronavirus crash, but sadly nothing like 3600%, so it didn't do all that much good as a hedge. I assume this is because being an ETF it is liquid, and therefore the entire point of buying options ahead of time is defeated. edit: grammar.