Read the world’s #1 book summary of The Dao of Capital by Mark Spitznagel here. Here's an unqualified, total, heartfelt recommendation, which coming from me is a rarity, and possibly unique." --This text refers to the hardcover edition. —Forbes "The Dao of Capital: Austrian Investing In A Distorted World by Mark Spitznagel (Wiley, 2013) is a beautifully crafted book, one I can recommend to readers of all political/economic persuasions… it is impossible not to be shaped by its … As today's preeminent doomsday investor Mark Spitznagel describes his Daoist and roundabout investment approach, "one gains by losing and loses by gaining." Read the world’s #1 book summary of The Dao of Capital by Mark Spitznagel here. Still, Mr. Spitznagel’s approach is unusual for a money manager.”―The New York Times, “A fascinating and radical break from the investment dogma of the past several decades”―Fortune, “While The Dao of Capital makes for demanding reading, it repays the effort as a heady historical and intellectual feast.”―Barron’s, “Spitznagel could simply have written that investors need patience and must avoid the temptation of the quick profit; that building a successful strategy, and life, involves a longer-term approach foregoing instant gratification; that establishing a solid foundation while appearing not to create progress puts you in position for much greater success later on. Here’s an unqualified, total, heartfelt recommendation, which coming from me is a rarity, and possibly unique.”―Victor Niederhoffer, Author of The Education of a Speculator, “The Dao of Capital is an impressive work. 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 process--a harmony that is so essential today. First and foremost, I highly recommend reading this book. Access a free summary of The Dao of Capital, by Mark Spitznagel and 20,000 other business, leadership and nonfiction books on getAbstract. “Spitznagel Fund Returns 4,000% in the First Quarter” is a headline you might see scroll past your Twitter feed. Every page is eye-opening, with numerous areas for testing and profits in every chapter. The Chinese philosophy of Daoism explains the greatest path is through its opposite. Create a safety buffer of resilience, make firm decisions under uncertainty, and hunt for asymmetric options with life-changing upside. Indeed, the closest peer to The Dao of Capital is probably Taleb’s bestseller The Black Swan. Does this book contain inappropriate content? Economists, investors and lay persons alike will find abundant treasures in The Dao of Capital, one remarkably useful and exciting book!”―Lawrence Reed, President, Foundation for Economic Education and President Emeritus, Mackinac Center for Public Policy, “Spitznagel’s excellent book is a powerful presentation of how monetary policy deceives entrepreneurs and investors into making poor investing decisions. Article by Alec Sobel. Book by Mark Spitznagel. Or " if it sounds too good to be true - it probably is!" Mark Spitznagel is the founder and President of Universa Investments, an investment advisor that specializes in equity tail-hedging―or profiting from extreme stock market losses as a means of enhancing investment returns. Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Every page is eye-opening, with numerous areas for testing and profits in every chapter. In The Dao of Capital, hedge fund manager and tail-hedging pioneer Mark Spitznagel with one of the top returns on capital of the financial crisis, as well as over a career takes us on a gripping, circuitous journey from the Chicago trading pits, over the coniferous boreal forests and canonical strategists from Warring States China to Napoleonic Europe to burgeoning industrial America, to the … Article by Alec Sobel. 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. A different view of investing and economics, Reviewed in the United Kingdom on December 13, 2013. The Dao Of Capital The Dao Of Capital by Mark Spitznagel, The Dao Of Capital Books available in PDF, EPUB, Mobi Format. Please try again. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books. It’s a process that makes headlines every few years, with a blip about Mark Spitznagel and his Universa fund delivering triple or quadruple-digit returns during a recent market plunge. Entire forests are constantly developing and competing for survival by applying roundabout methods. In The Dao of Capital, hedge fund manager … These are all fundamental concepts used by Daoists showing a recurring and roundabout theme. Entire societies were based on the concept of roundaboutness, or short-term loss to gain a much more advantageous position in the future. Not saying the Austrian School wasn't smart but its like all schools of economics. Top subscription boxes – right to your door, © 1996-2020, Amazon.com, Inc. or its affiliates. , which coming from me is a difficult task, but the unique perspective is worth time! 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