4.7(3)

The Dao of Capital : Austrian Investing in a Distorted World

As today's preeminent doomsday investor Mark Spitznagel describes his Daoist and roundabout investment approach, one gains by losing and loses by gaining. This is Austrian investing, an archetypal, counterintuitive, and proven approach, gleaned from the 150-year-old Austrian School of economics, that is both timeless and exceedingly timely. In The Dao of Capital, hedge fund manager and tail-hedging pioneer Mark Spitznagelwith one of the top returns on capital of the financial crisis, as well as over a careertakes us on a circuitous journey from the Chicago trading pits, over the coniferous boreal forests and canonical military strategists from China to Prussia, to the great economic thinkers of late 19th century Austria. We arrive at his central investment methodology of Austrian investing, where victory comes not from waging the immediate decisive battle, but rather from the roundabout approach of seeking the intermediate positional advantage (what he calls shi), of aiming at the indirect means rather than directly at the ends. The monumental challenge is in seeing time differently, in a whole new intertemporal dimension, one that is so contrary to our wiring. Spitznagel is the first to condense the theories of Ludwig von Mises and his Austrian School of economics into a cohesive andas Spitznagel has shownhighly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagel's bread and butter) to scorned highly-productive assets, in Ron Paul's words from the foreword, Spitznagel brings Austrian economics from the ivory tower to the investment portfolio. The Dao of Capital provides a rare and accessible look through the lens of one of today's great investors to discover a profound harmony with the market processa harmony that is so essential today.


Narrador/a:

Formato:

Duración:

Idioma:

Inglés


Categorías relacionadas


Otros también han leído

Omitir la lista
  1. In Math We Trust: Bitcoin, Cryptocurrency and the Journey To Being Your Own Bank

    Simon Dingle

    book
  2. The Power of Story : Rewrite Your Destiny in Business and in Life

    Jim Loehr

    book
  3. Outsiders in London : Are you one, too?

    Milan Svanderlik

    book
  4. Llenando espacios - Un libro sobre emprendedores sociales

    Juan David Aristizábal Ospina

    book
  5. Historia y prospectiva

    Eduardo Cavieres Figueroa, Pedro Perez Herrero

    book
  6. Race for Tomorrow : Survival, Innovation and Profit on the Front Lines of the Climate Crisis

    audiobook
  7. Hindsight - The Foresight Saga : The Foresight Saga

    Terence O'Hallorann, Terence O'Halloran

    book
  8. Resumen De ”Tribu De Mentores” : Consejos Breves De Vida De Los Mejores Del Mundo

    Readtrepreneur Publishing

    book
  9. Bitcoin From Beginner To Expert: The Ultimate Guide To Cryptocurrency And Blockchain Technology

    Christian Newman

    book
  10. Sky is the Limit: The Art of of Upgrading Your Life : 50 Classic Self Help Books Including.: Think and Grow Rich, The Way to Wealth, As A Man Thinketh, The Art of War, Acres of Diamonds and many more

    Dale Carnegie, Benjamin Franklin, Charles F. Haanel, Florence Scovel Shinn, Wallace D. Wattles, James Allen, Lao Tzu, Khalil Gibran, Orison Swett Marden, Abner Bayley, P.T. Barnum, Marcus Aurelius, Henry Thomas Hamblin, Joseph Murphy, William Crosbie Hunter, Ralph Waldo Emerson, Henry H. Brown, Russell H. Conwell, William Atkinson, B.F. Austin, H.A. Lewis, L.W. Rogers, Douglas Fairbanks, Sun Tzu, Samuel Smiles

    book
  11. Libro Mayor Distribuido

    Fouad Sabry

    book
  12. El cerebro argentino

    Mateo Niro, Facundo Manes

    book