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Book : The Dao Of Capital Austrian Investing In A Distorted.

Modelo 1834703X
Fabricante o sello Wiley
Peso 0.57 Kg.
Precio:   $130,999.00
Si compra hoy, este producto se despachara y/o entregara entre el 15-05-2025 y el 25-05-2025
Descripción
-Titulo Original : The Dao Of Capital Austrian Investing In A Distorted World

-Fabricante :

Wiley

-Descripcion Original:

As todays 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 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 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 and-as Spitznagel has shown-highly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagels bread and butter) to scorned highly-productive assets, in Ron Pauls 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 todays great investors to discover a profound harmony with the market process-a harmony that is so essential today. Review “Investors of all kinds will find immeasurable value in this convincing and thoroughly researched book where Mark champions the roundabout. Using thought-provoking examples from both the natural world and the historical world, The Dao of Capital shows how a seemingly difficult immediate loss becomes an advantageous intermediate step for greater future gain, and thus why we must become ‘patient now and strategically impatient later.’”-Paul Tudor Jones II, Founder, Tudor Investment Corporation“At last, a real book by a real risk-taking practitioner. The Dao of Capital mixes (rather, unifies) personal risk-taking with explanations of global phenomena. You cannot afford not to read this!”-Nassim Nicholas Taleb, Author of The Black Swan“You really should read Spitznagel’s book because you will learn a lot whether you agree with everything he says or not.”-Jim Rogers, Author of Street Smarts-Adventures on the Road and in the Markets“Wall Street gamblers who believe the Fed has their back need to read this book. Mark Spitznagel provides a brilliant demonstration that the gang of money printers currently resident in the Eccles Building have not repealed the laws of sound money nor have they rescinded the historical lessons on which they are based.”-David Stockman, Former U.S. Congressman, Budget Director under Ronald Reagan, and Author of The Great Deformation“A timely, original, right-economic principles and history-based approach to investing. Drawing on impressive philosophical building blocks, The Dao of Capital illuminates the wellsprings of capital creation, innovation and economic progress. Dazzling!”-Steve Forbes, Chairman and Editor-in-Chief, Forbes Media“This is a magnificent, scintillating book that I will read over and over again. Every page is eye-opening, with numerous areas for testing and profits in every chapter. 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
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