Audiobook11 hours
The Dao of Capital: Austrian Investing in a Distorted World
Written by Ron Paul and Mark Spitznagel
Narrated by Jeremy Arthur
Rating: 4 out of 5 stars
4/5
()
About this audiobook
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.
Related to The Dao of Capital
Related audiobooks
Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse Rating: 4 out of 5 stars4/5Anatomy of the State Rating: 5 out of 5 stars5/5How an Economy Grows and Why It Crashes Rating: 4 out of 5 stars4/5The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street Rating: 5 out of 5 stars5/5Leave Me Alone and I'll Make You Rich: How the Bourgeois Deal Enriched the World Rating: 3 out of 5 stars3/5The Capitalist Manifesto: Why the Global Free Market Will Save the World Rating: 4 out of 5 stars4/5Narrative Economics: How Stories Go Viral and Drive Major Economic Events Rating: 4 out of 5 stars4/5Devil Take the Hindmost: A History of Financial Speculation Rating: 4 out of 5 stars4/5The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Rating: 4 out of 5 stars4/5Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets Rating: 3 out of 5 stars3/5Freedom or Equality: The Key to Prosperity Through Social Capitalism Rating: 0 out of 5 stars0 ratingsBoombustology: Spotting Financial Bubbles Before They Burst 2nd Edition Rating: 5 out of 5 stars5/5Inflated: How Money and Debt Built the American Dream Rating: 4 out of 5 stars4/5Life After Capitalism: The Meaning of Wealth, the Future of the Economy, and the Time Theory of Money Rating: 5 out of 5 stars5/5The Great Persuasion: Reinventing Free Markets Since the Depression Rating: 4 out of 5 stars4/5The Constitution of Liberty: The Definitive Edition Rating: 4 out of 5 stars4/5What Would the Great Economists Do?: How Twelve Brilliant Minds Would Solve Today's Biggest Problems Rating: 5 out of 5 stars5/5The Money Plot: A History of Currency's Power to Enchant, Control, and Manipulate Rating: 4 out of 5 stars4/5Ludwig Von Mises's "The Theory of Money and Credit": A Macat Analysis Rating: 4 out of 5 stars4/5Where the Money Grows and Anatomy of the Bubble Rating: 5 out of 5 stars5/5Supermoney Rating: 0 out of 5 stars0 ratingsThe Inflation Myth and the Wonderful World of Deflation Rating: 4 out of 5 stars4/5Inside the House of Money, Revised and Updated: Top Hedge Fund Traders on Profiting in the Global Markets Rating: 4 out of 5 stars4/5The Real Crash: America's Coming Bankruptcy - How to Save Yourself and Your Country Rating: 5 out of 5 stars5/5A Primer on Money, Banking, and Gold Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5The Great Devaluation: How to Embrace, Prepare, and Profit from the Coming Global Monetary Reset Rating: 5 out of 5 stars5/5The Invisible Hands: Top Hedge Fund Traders on Bubbles, Crashes, and Real Money Rating: 3 out of 5 stars3/5Markets Never Forget (But People Do): How Your Memory is Costing You Money and Why This Time Isn't Different Rating: 4 out of 5 stars4/5
Finance & Money Management For You
A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life Rating: 4 out of 5 stars4/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5Ikigai: The Japanese Secret to a Long and Happy Life Rating: 4 out of 5 stars4/5I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition) Rating: 4 out of 5 stars4/5The Intelligent Investor Rating: 4 out of 5 stars4/5The 10 Pillars of Wealth: Mind-Sets of the World's Richest People Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5Financial Intelligence: How to To Be Smart with Your Money and Your Life Rating: 4 out of 5 stars4/5The Wizard of Lies: Bernie Madoff and the Death of Trust Rating: 4 out of 5 stars4/5The Almanack of Naval Ravikant Rating: 5 out of 5 stars5/5AI Superpowers: China, Silicon Valley, and the New World Order Rating: 4 out of 5 stars4/5Stop Acting Rich: ...And Start Living Like a Real Millionaire Rating: 4 out of 5 stars4/5The Latte Factor: Why You Don't Have to be Rich to Live Rich Rating: 4 out of 5 stars4/5Financial Intelligence: The Ultimate Beginner's Guide to Understanding Your Numbers Rating: 4 out of 5 stars4/5Fluke: Chance, Chaos, and Why Everything We Do Matters Rating: 4 out of 5 stars4/5Nudge (Revised Edition): Improving Decisions About Health, Wealth, and Happiness Rating: 4 out of 5 stars4/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Smart Couples Finish Rich: Nine Steps to Creating a Rich Future For You and Your Partner Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Wealth Made Easy: Millionaires and Billionaires Help You Crack the Code to Getting Rich Rating: 4 out of 5 stars4/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis Rating: 4 out of 5 stars4/5The Lexus and the Olive Tree: Understanding Globalization Rating: 4 out of 5 stars4/5Fool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry Rating: 4 out of 5 stars4/5Dollars and Sense: How We Misthink Money and How to Spend Smarter Rating: 4 out of 5 stars4/5
Reviews for The Dao of Capital
Rating: 3.973684210526316 out of 5 stars
4/5
19 ratings1 review
- Rating: 5 out of 5 stars5/5Excellent livre , un grand merci pour ce partage de savoirs et sagesse !!