The Dao of Capital: Austrian Investing in a Distorted World

Unabridged Audiobook

Give as a Gift

Send this book as a Gift!

Book Rating

Narrator Rating

Written By: Mark Spitznagel, Ron Paul

Narrated By: Jeremy Arthur

Date: February 2021

Duration: 11 hours 29 minutes

Summary:

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.

Genres:

Dao of Capital: Austrian Investing in a Distorted World

by Mark Spitznagel, Ron Paul

has successfully been added to your shopping cart

Dao of Capital: Austrian Investing in a Distorted World, Mark Spitznagel, Ron Paul
Dao of Capital: Austrian Investing in a Distorted World, Mark Spitznagel, Ron Paul
This title is due for release on February 27, 2021.

Enter your email below to be notified as soon as it is available!

By clicking "Notify Me" you consent to receiving electronic marketing communications from Audiobooks.com. You will be able to unsubscribe at any time.

Already a member? Log In to add this title to your wishlist.
Dao of Capital: Austrian Investing in a Distorted World, Mark Spitznagel, Ron Paul
This title is due for release on February 27, 2021
We'll send you an email as soon as it is available!

Already a member?
Log in to add this title in your wishlist
Dao of Capital: Austrian Investing in a Distorted World, Mark Spitznagel, Ron Paul
Please Log in and add this title to your wishlist.
Dao of Capital: Austrian Investing in a Distorted World, Mark Spitznagel, Ron Paul

We will send you an email as soon as this title is available.