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50 sats \ 0 replies \ @Bell_curve 5 Aug \ on: VIX on the open charts_and_numbers
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"The Dao of Capital: Austrian Investing in a Distorted World" by Mark Spitznagel explores a unique investment strategy grounded in Austrian economics and Daoist philosophy. Spitznagel, a hedge fund manager, advocates for a "roundabout" approach to investing, emphasizing the importance of intermediate positional advantages and long-term gains over immediate profits. The book integrates historical, philosophical, and economic insights, drawing parallels between ancient strategies and modern financial markets. It is highly endorsed by notable figures such as Nassim Nicholas Taleb and Ron Paul for its innovative and counterintuitive investment methodology[9][10][11].
Sources [1] (25 copies) Hardcover The Dao of Capital (Austrian Investing in a Distorted World) by Mark Spitznagel https://bulkbookstore.com/the-dao-of-capital-austrian-investing-in-a-distorted-world-9781118347034-1 [2] The Dao of Capital: Austrian Investing in a Distorted World [Book] https://www.amazon.com/Dao-Capital-Austrian-Investing-Distorted/dp/111834703X?psc=1&smid=ATVPDKIKX0DER [3] The Dao of the Final Days: An Adaptation of the Dao De Jing [Book] https://www.ebay.com/itm/116198097231?chn=ps&mkcid=28&mkevt=1 [4] The Original Wisdom of the DAO de JING: A New Translation and Commentary [Book] https://www.abebooks.com/servlet/BookDetailsPL?bi=31643701041&dest=usa [5] Dao De Jing: The Book of the Way [Book] https://www.biblio.com/book/dao-jing-book-way-laozi-roberts/d/1583803185?aid=frg [6] King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone [Book] https://www.walmart.com/ip/King-of-Capital-The-Remarkable-Rise-Fall-and-Rise-Again-of-Steve-Schwarzman-and-Blackstone-Paperback-9780307886026/16707482?selectedSellerId=0&wmlspartner=wlpa [7] Capital: Volume 1: A Critique of Political Economy; Paperback; Author - Karl Marx https://www.penguinrandomhouse.com/books/261069/capital-by-karl-marx-translated-by-ben-fowkes-introduction-by-ernest-mandel/9780140445688?aid=14813&linkid=PRHB7BD76FBDB [8] The Six Secrets of Raising Capital: An Insider's Guide for Entrepreneurs [Book] https://www.barnesandnoble.com/w/the-six-secrets-of-raising-capital-bill-fisher/1118939462?ean=9781626562394 [9] The Dao of Capital: Austrian Investing in a Distorted World https://www.goodreads.com/book/show/16599562-the-dao-of-capital [10] The Dao of Capital: Austrian Investing in a Distorted World https://www.amazon.com/Dao-Capital-Austrian-Investing-Distorted/dp/111834703X [11] The Dao of Capital: Austrian Investing in a Distorted World - Wiley https://www.wiley.com/en-us/The%2BDao%2Bof%2BCapital:%2BAustrian%2BInvesting%2Bin%2Ba%2BDistorted%2BWorld-p-9781118347034 [12] The Dao of Capital Summary of Key Ideas and Review - Blinkist https://www.blinkist.com/en/books/the-dao-of-capital-en [13] The Dao of Capital: Austrian Investing in a Distorted World https://www.barnesandnoble.com/w/the-dao-of-capital-ron-paul/1140110001
"The Dao of Capital" by Mark Spitznagel outlines several key principles of Austrian Investing:
  1. Roundabout Approach: Emphasizes intermediate positional advantages and long-term gains over immediate profits, inspired by Daoist philosophy.
  2. Intertemporal Decision-Making: Focuses on seeing time differently, aiming at indirect means rather than direct ends.
  3. Monetary Distortion Awareness: Identifies and reacts to central bank-induced market distortions.
  4. Tail-Hedging: Uses options to hedge against market downturns, though this is complex and not easily accessible to average investors.
  5. Value Investing with Austrian Insights: Selects undervalued assets less affected by monetary manipulation[5].
Sources [1] Are There Successful Investors Who Apply Austrian Economics ... https://www.reddit.com/r/austrian_economics/comments/1d58cwj/are_there_successful_investors_who_apply_austrian/ [2] Austrian School for Investors: Austrian Investing between Inflation ... https://store.mises.org/Austrian-School-for-Investors-Austrian-Investing-between-Inflation-and-Deflation-P11022.aspx [3] The Five (okay, ten) Essential Books in Austrian Economics - Econlib https://www.econlib.org/the-five-okay-ten-basic-books-in-austrian-economics/ [4] Book: Austrian School for Investors - Incrementum https://www.incrementum.li/en/book-austrian-school-for-investors/ [5] The Dao of Capital: Austrian Investing in a Distorted World https://www.amazon.com/Dao-Capital-Austrian-Investing-Distorted/dp/111834703X
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