The Dao of Capital: Austrian Investing in a Distorted World
| Author | : | |
| Rating | : | 4.23 (662 Votes) |
| Asin | : | B00IOTMCGE |
| Format Type | : | |
| Number of Pages | : | 357 Pages |
| Publish Date | : | 2016-04-27 |
| Language | : | English |
DESCRIPTION:
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 and-as Spitznagel has shown-highly effective investment methodology. 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. 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 process-a harmony that is so essential today.. 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 a
a calming and wisely insightful book CHill58008 Quieting the mind is incredibly valuable. I have a degree in economics and really enjoy the work in Behavioral Economics and I think this book makes available to the reader a method that is consistent with that research. It does take the long way: as another reviewer pointed out there are a lot of pages that basically boils-dow. Austrian school basics in a complicated book. Jack Wilshere This book is excellent introduction to Austrian economics and its application to investing. Unfortunately, the book suffers from a few problems:One, the evolution of Austriam thought is a book in and of itself. Why the author chose to add a later of complexity about Chinese philosophy into the mix is beyond me. It needlessly co. "thought provoking and ultimately worthwhile" according to graham. Great summary of Austrian economics and its main developers. At times a little turgid and forgot the authors own maxim by being roundabout for its own sake in places. i have come away with a much better appreciation of Austrian economics and a reinforcement of the value investing approach that I try to follow, but starting from