Never have a read such utter twaddle in all my life. Mark Spitznagel is the founder and President of Universa Investments, an investment advisor that specializes in equity tail-hedging-or profiting from extreme stock market losses as a means of enhancing investment returns. As for Austrian Investing it's quite clear once you understand where he's coming from. Wählen Sie ein Land/eine Region für Ihren Einkauf. Other things that bothered me were that in parts the author uses very specialized terminology without explaining it and that regarding central banks and their distortive powers, he should have talked about the role of expectations more. 7 Personen fanden diese Informationen hilfreich. Eine Person fand diese Informationen hilfreich, A different view of investing and economics, Rezension aus dem Vereinigten Königreich vom 13. "At the outset, we must think of capital in a new way, as a verb, not a noun. If it was reduced by 50% it would have been much better. The book's premise is summarized as: "Rather than pursue the direct route of immediate gain, we will seek the difficult and roundabout route of immediate loss, an intermediate step which begets an advantage for greater potential gain". In a way I guess the book mirrors the roundabout. In the end his message is simple, but by providing the historical underpinnings he brings them to life in a much more vibrant way." He seems very much aware of many of these flaws and can be quite apologetic and defensive about them, but that, unfortunately, doesn't make them any better. Juni 2020. Indeed, the closest peer to The Dao of Capital is probably Taleb’s bestseller The Black Swan. 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. Delayed gratification, as it were. "Spitznagel has written an essential new book. Hinzufügen war nicht erfolgreich. Delayed gratification, as it were. Taleb says somewhere that people who feel successful at economics spend their time talking about literature, art, politics, science, while those who feel unsuccessful at economics spend their time talking about money and finance. Spitznagel has a very rational perspective on the economy and businesses, well-informed by a set of thinkers who prioritize clarity of argument to some of the more empirical/"data-driven" approaches that are perhaps more popular now. Oktober 2017. Wiederholen Sie die Anforderung später noch einmal. Bitte versuchen Sie es erneut. (Namely, that by hedging investment risks when the market looks overvalued and then reinvesting the earnings in periods where the market is undervalued one stands to gain a lot.) 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. The book's premise is summarized as: "Rather than pursue the direct route of immediate gain, we will seek the difficult and roundabout route of immediate loss, an intermediate step which begets an advantage for greater potential gain". The examples are imaginative, and by the time he is talking about investing itself, there are some fun "a-ha" moments of connection. The book is, to some extent, difficult to read and quite repetitive. In a roundabout way this book can help you think about these questions. Bücher schnell und portofrei He's also gone to nature, history, and art to find other clear articulations of his world-view. Not saying the Austrian School wasn't smart but its like all schools of economics. Abhängig von der Lieferadresse kann die USt. by Wiley. This Book is not like anyone you have read before. Indeed, might be one of the most important books of the year, or any year for that matter."