000691182 000__ 03441nam\a2200445\a\4500 000691182 001__ 691182 000691182 003__ MiAaPQ 000691182 005__ 20211103003535.0 000691182 006__ m\\\\\o\\d\\\\\\\\ 000691182 007__ cr\cn\nnnunnun 000691182 008__ 130523s2013\\\\njuad\\\ob\\\\001\0\eng\d 000691182 010__ $$z 2013019565 000691182 020__ $$z9781118347034 (hardback) 000691182 020__ $$a9781118420249 (electronic bk.) 000691182 035__ $$a(MiAaPQ)EBC1471726 000691182 035__ $$a(Au-PeEL)EBL1471726 000691182 035__ $$a(CaPaEBR)ebr10748689 000691182 035__ $$a(CaONFJC)MIL511699 000691182 035__ $$a(OCoLC)844959814 000691182 040__ $$aMiAaPQ$$cMiAaPQ$$dMiAaPQ 000691182 050_4 $$aHG4521$$b.S7156 2013 000691182 08204 $$a332.601$$223 000691182 1001_ $$aSpitznagel, Mark,$$d1971- 000691182 24514 $$aThe Dao of capital:$$bAustrian investing in a distorted world /$$cMark Spitznagel ; [foreword by Ron Paul]. 000691182 260__ $$aHoboken, N.J. :$$bWiley,$$c2013. 000691182 300__ $$axxix, 332 p. :$$bill. 000691182 336__ $$atext$$2rdacontent 000691182 337__ $$acomputer$$2rdamedia 000691182 338__ $$aonline resource$$2rdacarrier 000691182 504__ $$aIncludes bibliographical references and index. 000691182 506__ $$aAccess limited to authorized users. 000691182 520__ $$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"--$$cProvided by publisher. 000691182 650_0 $$aInvestments$$xPhilosophy. 000691182 650_0 $$aAustrian school of economics. 000691182 655_0 $$aElectronic books 000691182 852__ $$bebk 000691182 85640 $$3ProQuest Ebook Central Academic Complete $$uhttps://univsouthin.idm.oclc.org/login?url=https://ebookcentral.proquest.com/lib/usiricelib-ebooks/detail.action?docID=1471726$$zOnline Access 000691182 909CO $$ooai:library.usi.edu:691182$$pGLOBAL_SET 000691182 980__ $$aBIB 000691182 980__ $$aEBOOK 000691182 982__ $$aEbook 000691182 983__ $$aOnline