“What appears to be a costly detour is often the shortest path to true success.”
— Mark Spitznagel
Why It's Lindy
One of the most original investing books of the 21st century. Spitznagel manages the most profitable hedge fund in history and built his strategy on ideas from Böhm-Bawerk and Laozi. The connection between Austrian capital theory and tactical patience is made here for the first time.
About This Volume
Spitznagel's synthesis of Austrian economics, Taoist philosophy, and investing strategy. Argues for the "roundabout" — taking an indirect path to outsized long-term gains by prioritising intermediate positions over immediate profit.
Frequently Asked
Why should I read The Dao of Capital?
One of the most original investing books of the 21st century. Spitznagel manages the most profitable hedge fund in history and built his strategy on ideas from Böhm-Bawerk and Laozi. The connection between Austrian capital theory and tactical patience is made here for the first time.
What is The Dao of Capital about?
Spitznagel's synthesis of Austrian economics, Taoist philosophy, and investing strategy. Argues for the "roundabout" — taking an indirect path to outsized long-term gains by prioritising intermediate positions over immediate profit.
