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
저자의 목소리로 책을 느껴보세요
지식을 흥미롭고 예시가 풍부한 인사이트로 전환
핵심 아이디어를 빠르게 캡처하여 신속하게 학습
재미있고 매력적인 방식으로 책을 즐기세요
핵심 내용
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
빠른 요약 모드 - The Dao of Capital 요약을 9분 만에 읽거나 듣기
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플래시 카드 모드 - The Dao of Capital에서 엄선한 10가지 핵심 인사이트
The Dao of Capital을 빠른 기억 단서로 압축하여 솔직함, 팀워크, 창의적 회복력의 핵심 원칙을 강조합니다.
재미있게 모드 - The Dao of Capital의 교훈을 21분 스토리로
생생한 스토리텔링을 통해 The Dao of Capital을 경험하고, 혁신 교훈을 기억에 남고 적용할 수 있는 순간으로 바꿉니다.
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샌프란시스코에서 컬럼비아 대학교 동문들이 만들었습니다
"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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