The Dao of Capital by Mark Spitznagel Summary
Overview of The Dao of Capital
Discover Austrian investing wisdom in "The Dao of Capital," where hedge fund legend Mark Spitznagel blends economics with forestry, warfare, and martial arts. Endorsed by Ron Paul, this counterintuitive approach helped Spitznagel predict major market crashes. What could patient, roundabout thinking do for your portfolio?
Similar books to The Dao of Capital
著者の声を通じて本を感じる
知識を魅力的で例が豊富な洞察に変換
キーアイデアを瞬時にキャプチャして素早く学習
楽しく魅力的な方法で本を楽しむ
重要なポイント
The Roundabout Path to Extraordinary Returns
Imagine a world where the most successful investors deliberately lose money in the short term. Where military generals retreat to gain advantage. Where trees survive by first growing in the harshest conditions. This is the counterintuitive wisdom at the heart of "The Dao of Capital." Mark Spitznagel reveals a profound strategy that transcends investing - the roundabout approach of sacrificing immediate gains to position for vastly greater future returns. In a culture obsessed with immediate gratification, this ancient wisdom offers a revolutionary perspective: the most direct path to success is often indirect. The roundabout approach finds its philosophical roots in ancient Daoism, particularly the concept of wuwei - not passive inaction but strategic positioning. "The soft and weak vanquish the hard and strong," teaches the Laozi, advocating deliberate weakness now to gain overwhelming strength later. This principle manifests in taijiquan martial arts, where practitioners yield before counterattacking, and in guerrilla warfare, where smaller forces retreat strategically before striking from positions of advantage. What makes this approach so powerful is how it transcends mere patience. It's about developing what Spitznagel calls "depth of field" - the ability to perceive multiple moments in time simultaneously, like a photographer keeping both foreground and background in sharp focus.
Austrian Economics and the Temporal Lens
The Psychology of Time Preference
Market Homeostasis and the Dangers of Intervention
The Spirit of Sisu and Natural Roundabout Strategies
Embracing the Path Less Traveled
クイックサマリーモード - 『The Dao of Capital』の要約を9分で読む・聴く
『The Dao of Capital』の核心的なアイデアを分かりやすいポイントに分解し、革新的なチームがどのように創造、協力、成長するかを理解します。
フラッシュカードモード - 『The Dao of Capital』から厳選した10の洞察
『The Dao of Capital』を素早い記憶のヒントに凝縮し、率直さ、チームワーク、創造的な回復力の主要原則を強調します。
エンタメモード - 『The Dao of Capital』のレッスンを21分のストーリーで
鮮やかなストーリーテリングを通じて『The Dao of Capital』を体験し、イノベーションのレッスンを記憶に残り、応用できる瞬間に変えます。
パーソナライズモード - 『The Dao of Capital』の要約を0分で読む・聴く
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"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
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