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Author: Mark Spitznagel
Publisher: John Wiley & Sons
ISBN: 1118416678
Category : Business & Economics
Languages : en
Pages : 368
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Book Description
As today's preeminent doomsday investor Mark Spitznageldescribes his Daoist and roundabout investmentapproach, “one gains by losing and loses by gaining.”This is Austrian Investing, an archetypal, counterintuitive,and proven approach, gleaned from the 150-year-old Austrian Schoolof economics, that is both timeless and exceedingly timely. In The Dao of Capital, hedge fund manager andtail-hedging pioneer Mark Spitznagel—with one of the topreturns on capital of the financial crisis, as well as over acareer—takes us on a gripping, circuitous journey from theChicago trading pits, over the coniferous boreal forests andcanonical strategists from Warring States China to NapoleonicEurope to burgeoning industrial America, to the great economicthinkers of late 19th century Austria. We arrive at his centralinvestment methodology of Austrian Investing, where victorycomes not from waging the immediate decisive battle, but ratherfrom the roundabout approach of seeking the intermediatepositional advantage (what he calls shi), of aiming at theindirect means rather than directly at the ends. The monumentalchallenge is in seeing time differently, in a whole newintertemporal dimension, one that is so contrary to ourwiring. Spitznagel is the first to condense the theories of Ludwig vonMises and his Austrian School of economics into a cohesiveand—as Spitznagel has shown—highly effective investmentmethodology. From identifying the monetary distortions andnon-randomness of stock market routs (Spitznagel's bread andbutter) to scorned highly-productive assets, in Ron Paul's wordsfrom the foreword, Spitznagel “brings Austrian economics fromthe ivory tower to the investment portfolio.” The Dao of Capital provides a rare and accessible lookthrough the lens of one of today's great investors to discover aprofound harmony with the market process—a harmony that is soessential today.
Author: Mark Spitznagel
Publisher: John Wiley & Sons
ISBN: 1118416678
Category : Business & Economics
Languages : en
Pages : 368
Get Book
Book Description
As today's preeminent doomsday investor Mark Spitznageldescribes his Daoist and roundabout investmentapproach, “one gains by losing and loses by gaining.”This is Austrian Investing, an archetypal, counterintuitive,and proven approach, gleaned from the 150-year-old Austrian Schoolof economics, that is both timeless and exceedingly timely. In The Dao of Capital, hedge fund manager andtail-hedging pioneer Mark Spitznagel—with one of the topreturns on capital of the financial crisis, as well as over acareer—takes us on a gripping, circuitous journey from theChicago trading pits, over the coniferous boreal forests andcanonical strategists from Warring States China to NapoleonicEurope to burgeoning industrial America, to the great economicthinkers of late 19th century Austria. We arrive at his centralinvestment methodology of Austrian Investing, where victorycomes not from waging the immediate decisive battle, but ratherfrom the roundabout approach of seeking the intermediatepositional advantage (what he calls shi), of aiming at theindirect means rather than directly at the ends. The monumentalchallenge is in seeing time differently, in a whole newintertemporal dimension, one that is so contrary to ourwiring. Spitznagel is the first to condense the theories of Ludwig vonMises and his Austrian School of economics into a cohesiveand—as Spitznagel has shown—highly effective investmentmethodology. From identifying the monetary distortions andnon-randomness of stock market routs (Spitznagel's bread andbutter) to scorned highly-productive assets, in Ron Paul's wordsfrom the foreword, Spitznagel “brings Austrian economics fromthe ivory tower to the investment portfolio.” The Dao of Capital provides a rare and accessible lookthrough the lens of one of today's great investors to discover aprofound harmony with the market process—a harmony that is soessential today.
Author: Mark Spitznagel
Publisher: John Wiley & Sons
ISBN: 111834703X
Category : Business & Economics
Languages : en
Pages : 375
Get Book
Book Description
As today's preeminent doomsday investor Mark Spitznagel describes his Daoist and roundabout investment approach, “one gains by losing and loses by gaining.” 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. In The Dao of Capital, hedge fund manager and tail-hedging pioneer Mark Spitznagel—with one of the top returns on capital of the financial crisis, as well as over a career—takes us on a gripping, circuitous journey from the Chicago trading pits, over the coniferous boreal forests and canonical strategists from Warring States China to Napoleonic Europe to burgeoning industrial America, to the great economic thinkers of late 19th century Austria. We arrive at his central investment methodology of Austrian Investing, where victory comes not from waging the immediate decisive battle, but rather from the roundabout approach of seeking the intermediate positional advantage (what he calls shi), of aiming at the indirect means rather than directly at the ends. The monumental challenge is in seeing time differently, in a whole new intertemporal dimension, one that is so contrary to our wiring. Spitznagel is the first to condense the theories of Ludwig von Mises and his Austrian School of economics into a cohesive and—as Spitznagel has shown—highly effective investment methodology. From identifying the monetary distortions and non-randomness of stock market routs (Spitznagel's bread and butter) to scorned highly-productive assets, in Ron Paul's words from the foreword, Spitznagel “brings Austrian economics from the ivory tower to the investment portfolio.” The Dao of Capital provides a rare and accessible look through the lens of one of today's great investors to discover a profound harmony with the market process—a harmony that is so essential today.
Author: Mark Spitznagel
Publisher: John Wiley & Sons
ISBN: 1394214855
Category : Business & Economics
Languages : en
Pages : 247
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Book Description
What is a safe haven? What role should they play in an investment portfolio? Do we use them only to seek shelter until the passing of financial storms? Or are they something more? Contrary to everything we know from modern financial theory, can higher returns actually come as a result of lowering risk? In Safe Haven, hedge fund manager Mark Spitznagel—one of the top practitioners of safe haven investing and portfolio risk mitigation in the world—answers these questions and more. Investors who heed the message in this book will never look at risk mitigation the same way again.
Author: David Halpern
Publisher: Polity
ISBN: 0745625479
Category : Social Science
Languages : en
Pages : 401
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Book Description
This work presents an introduction to the concept of social capital - a term which refers to the social networks, informal structures and norms that facilitate individual and collective action.
Author: Rahim Taghizadegan
Publisher:
ISBN: 9783902639332
Category : Business & Economics
Languages : en
Pages : 366
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Book Description
Insanity seems to rule the financial markets and many investors are driven by delusion and anxiety. May everything you thought you knew about investing be wrong? The Austrian School's approach provides the needed respite for investors caught in inflationary treadmills. Conventional investment experts often overlook economic developments which may become a hazard for mainstream investors. Instead, the Austrian School of Economics has proved itself as an independent approach beyond the interests of politicians and bankers. The financial system is shaking. This book presents new paths through the shaky grounds between the tectonic plates of inflation and deflation to both private and professional investors. "This book is a must-have for every responsible investor!" (Felix W. Zulauf, Investor) "I am grateful to the authors of this book for not only highlighting the fundamental principles of the Austrian School but also for showing how investors can make practical use of them. " (Dr. Marc Faber, Investor) "For the first time an extensive compendium has been published in which the theoretical foundations developed by the 'Austrians' have been made useful for the investor's practical needs. The authors develop a remarkable 'Austrian investment philosophy'." (Prof. Guido HUlsmann, University of Angers) "The Austrian School's perception helps us to see long-term patterns and opportunities that today are often hidden. [...] For the authors and their important work I hope for the widest possible audience of a bestseller." (Prince Philipp von und zu Liechtenstein, Chairman LGT Group)
Author: Glen Arnold
Publisher: Pearson UK
ISBN: 0273743384
Category : Business & Economics
Languages : en
Pages : 256
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Book Description
'Whether a complete novice, or a professional portfolio manager, this book will give you access to the mindset and techniques of the most successful investors of our time and more importantly, it will help you avoid mistakes. The Great Investors will have a permanent place on my desk.' Mark Sheridan, Executive Director, Nomura International PLC Leading investors such as Warren Buffett, Benjamin Graham, Sir John Templeton, George Soros and Anthony Bolton are known throughout the world. How did these people come to be so successful? Which strategies have they used to make their fortunes? And what can you learn from their techniques? In The Great Investors, Glen Arnold succinctly and accurately describes the investment philosophies of the world’s greatest investors. He explains why they are the best, gives details of their tactics for accumulating wealth, captures the key elements that led to their market-beating successes and teaches you key lessons that you can apply to your own investing strategies. From the foreword: ‘There are some very special people who seem to possess an exceptional talent for acquiring wealth. I want to explore not just the past triumphs of these masters, but also the key factors they look for as well as the personality traits that allow them to control emotion and think rationally about where to place funds. How does a master of investment hone skills through bitter experience and triumph to develop their approach to accumulating wealth?’ Glen Arnold The Great Investors is the story of a number of remarkable men: John Templeton, George Soros, Warren Buffett, Benjamin Graham, Philip Fisher, Peter Lynch, Anthony Bolton and John Neff. Whether you’re new to investing, have had success in the markets, or you’re a professional investor or fund manger, you’ll benefit from reading about their proven, and successful, trading philosophies. The Great Investorswill show you how to: · Be a business analyst rather than a security analyst · Do your homework and develop a broad social, economic and political awareness · Control emotion so as not to get swept away by the market · Be consistent in your approach, even when you have bad years · See the wood for the trees and not over complicate your portfolio · Learn from your investing · Be self reliant, stand aside from the crowd and follow your own logic · Take reasonable risk
Author: James Robert Rush
Publisher: Equinox Publishing
ISBN: 9789793780498
Category : Computers
Languages : en
Pages : 300
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Book Description
Opium smoking was a widespread social custom in nineteenth-century Java, and commercial trade in opium had far-reaching economic and political implications. As in many of the Dutch territories in the Indonesian archipelago, the drug was imported from elsewhere and sold throughout the island under a government monopoly - a system of revenue "farms". These monopoly franchises were regulated by the government and operated by members of Java's Chinese elite, who were frequently also local officials appointed by the Dutch. The farms thus helped support large Chinese patronage networks that vied for control of rural markets throughout Java. James Rush explains the workings of the opium farm system during its mature years by measuring the social, economic, and political reach of these monopolies within the Dutch-dominated colonial society. His analysis of the opium farm incorporates the social history of opium smoking in Java and of the Chinese officer elite that dominated not only the opium farming but also the island's Chinese community and much of its commercial economy. He describes the relations among the various classes of Chinese and Javanese, as well as the relation of the Chinese elite to the Dutch, and he traces the political interplay that smuggling and the black market stimulated among all these elements. An important contribution to the social and political history of Southeast Asia and now brought back to life as a member of Equinox Publishing's Classic Indonesia series, this book gives a new dimension to our knowledge of nineteenth-century Javanese society and the processes of social control and economic dominance during the colonial period. JAMES R. RUSH is a historian of modern Southeast Asia whose other works include The Last Tree: Reclaiming the Environment in Tropical Asia; Java: A Travellers' Anthology; and several volumes of contemporary Asian biography in the Ramon Magsaysay Awards series. His is associate professor of history at Arizona State University.
Author: William X. Scheinman
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 304
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Book Description
Author: David Orrell
Publisher: Columbia University Press
ISBN: 0231541678
Category : Business & Economics
Languages : en
Pages : 320
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Book Description
The sharing economy's unique customer-to-company exchange is possible because of the way in which money has evolved. These transactions have not always been as fluid as they are today, and they are likely to become even more fluid. It is therefore critical that we learn to appreciate money's elastic nature as deeply as do Uber, Airbnb, Kickstarter, and other innovators, and that we understand money's transition from hard currencies to cryptocurrencies like Bitcoin if we are to access their cooperative potential. The Evolution of Money illuminates this fascinating reality, focusing on the tension between currency's real and abstract properties and advancing a vital theory of money rooted in this dual exchange. It begins with the debt tablets of Mesopotamia and follows with the development of coin money in ancient Greece and Rome, gold-backed currencies in medieval Europe, and monetary economics in Victorian England. The book ends in the digital era, with the cryptocurrencies and service providers that are making the most of money's virtual side and that suggest a tectonic shift in what we call money. By building this organic time line, The Evolution of Money helps us anticipate money's next, transformative role.
Author: Yung-ti Li
Publisher: Columbia University Press
ISBN: 0231549636
Category : History
Languages : en
Pages : 310
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Book Description
The site of Anyang, the last capital of the Shang dynasty, dated to around 1200 to 1000 BCE, is one of the most important sources of knowledge about craft production in Bronze Age China. Excavations and research of the settlement over the past ninety years demonstrate both the advanced level of Shang craft workers and the scale and capacity of the craft industries of the time. However, materials unearthed in Anyang by different expeditions have since been stored separately in China and Taiwan, making a thorough study of this important aspect of life in Shang China challenging. Despite efforts to integrate the data based on published material, the physical evidence rarely has been considered as a single group. Through a systematic analysis of the archaeological materials available in both China and Taiwan, Yung-ti Li provides a detailed picture of craft production in Anyang and paves the way for a new understanding of how the Shang capital functioned as a metropolis. Focusing on craft-producing activities, including bronze casting, bone working, shell and marble inlay working, lithic working, and pottery production, Kingly Crafts examines the material remains, the technology, and the production organization of the craft industries. Although the level of Shang craftsmanship can be seen in the finished products, Li demonstrates that it is necessary to study workshop remains and their archaeological context to reconstruct the social and political contexts of craft production. Offering a comprehensive investigation of these remains, Kingly Crafts sheds new light on the relationships between craft industries and political authority in the late Shang period.
