September 2013
Intermediate to advanced
368 pages
10h 1m
English
Content preview from The Dao of Capital: Austrian Investing in a Distorted WorldBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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“At last, a real book by a real risk-taking practitioner. You cannot afford not to read this!”
—Nassim Nicholas Taleb, Author of The Black Swan
“Investors of all kinds will find immeasurable value in this convincing and thoroughly researched book where Mark champions the roundabout of Austrian capital theory. Using thought-provoking examples from both the natural world and the historical world, The Dao of Capital shows how a seemingly difficult immediate loss becomes an advantageous intermediate step for greater future gain, and thus why we must become ‘patient now and strategically impatient later.’”
—Paul Tudor Jones II, Founder, Tudor Investment Corporation
“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. It also makes the point that government intervention to ‘help’ the economy is as destructive as the now-discredited policy of suppressing forest fires. Dazzling!”
—Steve Forbes, Chairman and Editor-in-Chief, Forbes Media
“This is a magnificent, scintillating book that I will read over and over again. It provides a theoretic and practical framework for understanding the insights of all the greats that a student of markets will encounter—Soros, Baldwin, Klipp, Buffett, Cooperman (albeit these greats might not realize or acknowledge it). It teaches you things about war, trees, martial arts, ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.