000			03348nam a2200385 a 4500
001			EBC1471726
003			MiAaPQ
005			20240120150137.0
006			m o d |
007			cr cn|||||||||
008			130523s2013 njuad sb 001 0 eng d
010			_z 2013019565
020			_z9781118347034 (hardback)
020			_a9781118420249 (electronic bk.)
035			_a(MiAaPQ)EBC1471726
035			_a(Au-PeEL)EBL1471726
035			_a(CaPaEBR)ebr10748689
035			_a(CaONFJC)MIL511699
035			_a(OCoLC)844959814
040			_aMiAaPQ _cMiAaPQ _dMiAaPQ
050		4	_aHG4521 _b.S7156 2013
082	0	4	_a332.601 _223
100	1		_aSpitznagel, Mark, _d1971-
245	1	4	_aThe Dao of capital _h[electronic resource] : _bAustrian investing in a distorted world / _cMark Spitznagel ; [foreword by Ron Paul].
260			_aHoboken, N.J. : _bWiley, _c2013.
300			_axxix, 332 p. : _bill.
504			_aIncludes bibliographical references and index.
520			_a"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 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 (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"-- _cProvided by publisher.
533			_aElectronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
650		0	_aInvestments _xPhilosophy.
650		0	_aAustrian school of economics.
655		4	_aElectronic books.
710	2		_aProQuest (Firm)
856	4	0	_uhttps://ebookcentral.proquest.com/lib/bacm-ebooks/detail.action?docID=1471726 _zClick to View
999			_c103209 _d103209