The Dao of Capital: Austrian Investing in a Distorted World - Paperback
by Mark Spitznagel (Author), Ron Paul (Foreword by)
Praise for The Dao of Capital
"A timely, original, right-economic principles and history-based approach to investing. Drawing on impressive philosophical building blocks, The Dao of Capital illuminates the wellsprings of capital creation, innovation and economic progress. Dazzling!"
--Steve Forbes, Chairman and Editor-in-Chief, Forbes Media
"This is a magnificent, scintillating book that I will read over and over again. Every page is eye-opening, with numerous areas for testing and profits in every chapter. Here's an unqualified, total, heartfelt recommendation, which coming from me is a rarity, and possibly unique."
--Victor Niederhoffer, Author of The Education of a Speculator
"The Dao of Capital is an impressive work. Spitznagel's approach is refreshing--scholarly without being tedious. What a broad look at economic history it provides!"
--Byron Wien, Vice Chairman, Blackstone Advisory Partners LP
"Wall Street gamblers who believe the Fed has their back need to read this book. Mark Spitznagel provides a brilliant demonstration that the gang of money printers currently resident in the Eccles Building have not repealed the laws of sound money nor have they rescinded the historical lessons on which they are based."
--David Stockman, Former U.S. Congressman, Budget Director under Ronald Reagan, and Author of The Great Deformation
"Mark Spitznagel assembles the best insights in human nature and economics to bring order out of the chaos of our world. Economists, investors and lay persons alike will find abundant treasures in The Dao of Capital, one remarkably useful and exciting book!"
--Lawrence Reed, President, Foundation for Economic Education and President Emeritus, Mackinac Center for Public Policy
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. In addition to hedge fund investing, Spitznagel's twenty-year investment career has ranged from independent pit trader at the Chicago Board of Trade to proprietary trading head at Morgan Stanley. He also owns and operates Idyll Farms in northern Michigan.
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