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Dao of Capital Austrian Investing in a Distorted World

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ISBN-10: 111834703X

ISBN-13: 9781118347034

Edition: 2013

Authors: Mark Spitznagel, Ron Paul

List price: $31.00
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Description:

In Tao of Value, Mark Spitznagel discusses the three core principles, drawn from the Eastern philosopher, Laozi in the Tao-deching, that have made him a successful trader.  Anecdotes culled from his time in the pit of the CBOE, his years leading a secretive proprietary trading unit at Morgan Stanley, the partnership with Nassim Taleb at hedge fund Empirica, and the founding of Universa and the immense success he’s been privy to in the last few years.   The book will discuss his investment philosophy as well his investment strategy, and address the major issues facing the economy in the years to come, specifically, extreme risks, the dangers of federal monetary injections, and the global…    
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Book details

List price: $31.00
Copyright year: 2013
Publisher: John Wiley & Sons, Incorporated
Publication date: 9/3/2013
Binding: Hardcover
Pages: 368
Size: 6.40" wide x 9.10" long x 1.40" tall
Weight: 1.232
Language: English

Ron Paul was born in Pittsburgh, Pennsylvania on August 20, 1935. He received a B.S. degree in biology from Gettysburg College in 1957 and a M.D. degree from the Duke University School of Medicine in 1961. He served as a flight surgeon in the United States Air Force from 1963 to 1965 and then the United States Air National Guard from 1965 to 1968. Afterward, he opened a private practice in obstetrics and gynecology in Texas. He served in the United States Congress from 1976 to 1984, and again from 1996 to the present. He has devoted his political career to the defense of individual liberty, sound money, and a non-interventionist foreign policy. He is the founder of the advocacy group…    

Foreword
Introduction
The Daoist Sage
The Old Master
The Soft and Weak Vanquish the Hard and Strong
Into the Pit
The Privileges of a Trader
Robinson Crusoe in the Bond Pit
Fishing in "McElligot's Pool"
Enter the Austrians: A von Karajan Moment
A State of Rest
Guiding into Emptiness …
Moving On
The Wisdom of the Sages
The Forest in the Pinecone: The Roundabout and the Logic of Growth
The Forest and the Tree
The Slow Seedling
Wildfire and Resource Reallocation
The Conifer Effect
A Logic of Growth
SHI: The Intertemporal Strategy
The Dao of Sun Wu
Shi and the Crossbow
Li-The Direct Path
Shi and Li at the Weiqi Board
A Common Thread, from East to West
An Attack of Misunderstanding
On War-An Indirect Strategy
Shi, Ziel, Mittel, und Zweck
The Seen and the Foreseen: The Roots of the Austrian Tradition
That Which Must Be Foreseen
At the Viennese Crossroads Between East and West
The Teleology of Baer's Butterfly
Menger Establishes the Austrian School
Tutor to the Prince
Methodenstreit
�sterreichische Schule
: UMWEG: The Roundabout Path of the Unternehmer
Postulating the "Positive"
Produktionsumweg
B�hm-Bawerk, the Bourgeois Marx
Faustmann's Forest Economy
Pangs of Capital
Henry Ford: The Roundabout Unternehmer
The Roundabout of Life
Time Preference: Overcoming That Humanness About Us
"Radical" B�hm-Bawerk and the Psychology of Time Preference
The Curious Case of Phineas Gage
The Shi and Li Brain
The Subjectivity of Time
The Trade-Off of an Addict
No Zeal for Ziel on Wall Street
Adapting to the Intertemporal
: "The Market is a Process"
The Man Who Predicted the Great Depression
Fleeing the Nazis
Human Action
Unternehmer in the Land of the Nibelungen
Genuine Change Is Afoot in Nibelungenland-A Market-Induced Drop in Interest Rates
Distortion Comes to Nibelungenland-The Central Bank Lowers Rates
Time Inconsistency and the Term Structure
The Day of Reckoning Comes to Nibelungenland
The Austrian View
The Market Process Prevails
: Homeostasis: Seeking Balance in the Midst of Distortion
The Teleology of the Market
The Yellowstone Effect
Lessons from the Distorted Forest
Market Cybernetics
How Things "Go Right"
Spontaneous Order
Distortion
The Sand Pile Effect
Distortion's Message: "Do Nothing"
The Shi of Capital
Austrian Investing I: The Eagle and the Swan: Exploiting Distortion with Misesian Tools
Homeostasis en force
Witness to the Distortion
An Initial Misesian Investment Strategy
The Eagle and the Swan
Case Study: Prototypical Tail Hedging
The Ziel and the Zweck: Central Bank Hedging
The Roundabout Investor
Austrian Investing II: Siegfried Exploiting the B�hm-Bawerkian Roundabout
Siegfried, the Dragon Slayer
Case Study: Buying the Siegfrieds
Value Investing: Austrian Investing's Estranged Heir
A Zweck Finally Attained
Epilogue: The Sisu of the Boreal Forest
The World Learns Sisu from the Victorious Finns
Sisu-Of Character and Character-Building
Notes
Acknowledgments
About the Author
Index