‘It seems inevitable’: A $254 million hedge fund manager warns that banking and fiscal crises are coming as reckless government spending gets out of hand — but investors can avoid the pain by making these 5 moves

• Investors should prepare for fiscal, banking, and energy crises, a hedge fund manager warned.
• Praetorian Capital’s Harris Kupperman shared why he’s not hopeful right now.
• With turbulence expected ahead, he outlined five types of investments.

Hedge fund manager Harris Kupperman insists he isn’t a perpetual pessimist, but those who got that impression from reading his colorful quarterly statements would be forgiven.