The Dao of Capital : Austrian Investing in a Distorted World The Dao of Capital : Austrian Investing in a Distorted World

The Dao of Capital : Austrian Investing in a Distorted World

    • 4.7 • 3 Ratings
    • $19.99

    • $19.99

Publisher Description

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.

GENRE
Biographies & Memoirs
NARRATOR
JA
Jeremy Arthur
LANGUAGE
EN
English
LENGTH
11:29
hr min
RELEASED
2021
February 27
PUBLISHER
Ascent Audio
SIZE
561.3
MB

Listeners Also Bought

Chaos Kings (Unabridged) Chaos Kings (Unabridged)
2023
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Unabridged) Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Unabridged)
2019
The Man Who Solved the Market: How Jim  Simons Launched the Quant Revolution (Unabridged) The Man Who Solved the Market: How Jim  Simons Launched the Quant Revolution (Unabridged)
2019
Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street (Unabridged) Black Edge: Inside Information, Dirty Money, and the Quest to Bring Down the Most Wanted Man on Wall Street (Unabridged)
2017
Skin in the Game: Hidden Asymmetries in Daily Life (Unabridged) Skin in the Game: Hidden Asymmetries in Daily Life (Unabridged)
2018
Market Wizards: Interviews with Top Traders (Unabridged) Market Wizards: Interviews with Top Traders (Unabridged)
2024