M
2 editions on Cue Bookstore

Mark Spitznagel

Mark Spitznagel brings a credible and useful lens to austrian economics, the dao of capital, investing, with enough subject command to make the book worth hearing.

2
editions on Cue Bookstore
Readings on Cue Bookstore

Readings listed below

Cover of The DAO of Capital: Austrian Investing in a Distorted World
Cue membership

The DAO of Capital: Austrian Investing in a Distorted World

We're constantly told to optimize, to find the shortest path to success. But what if the most direct route is actually a trap? Mark Spitznagel's 'The DAO of Capital' challenges this conventional wisdom, drawing on Austrian economics to reveal a profound truth about building enduring wealth. This episode unpacks the power of the 'roundabout way' – the counterintuitive notion that investing in intermediate steps, even if they appear unproductive in the short term, builds a more robust and ultimately more productive capital structure. We delve into the hidden costs of impatience, examining how a societal preference for immediate gratification leads to fragile economic systems, and why a 'low time preference' is crucial for sustainable growth. Finally, we explore how embracing antifragility allows investors to benefit from disorder and volatility, using seemingly 'inefficient' hedges to protect against extreme events and strengthen core portfolios. Discover why, in a world obsessed with instant results, choosing the patient, indirect path isn't just a strategy, but a profound act of wisdom.

19 minOpen edition
Cover of The Dao of Capital
Cue membership

The Dao of Capital

We’re often told to chase immediate returns, to optimize every quarter, and to avoid any loss at all costs. But what if this relentless pursuit of short-term gains is precisely what makes us fragile? This episode explores a radically different approach to capital and wealth, one rooted in ancient wisdom and a deep understanding of economic cycles. It argues that true, enduring prosperity isn't found by avoiding discomfort, but by strategically embracing small, consistent losses. It’s about cultivating a low time preference, building a robust foundation that can weather any storm, and recognizing that the market doesn't reward comfort; it rewards patience and strategic discomfort. This isn't about predicting the future, but about positioning yourself to thrive when others are paralyzed by fear, turning moments of crisis into opportunities for profound growth.

20 minOpen edition
Biography

Mark Spitznagel brings a credible and useful lens to austrian economics, the dao of capital, investing, with enough subject command to make the book worth hearing.