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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.
This book "seeks to answer the question: what is the safest thing to invest your money in? Which investments can withstand a crash? Mark ultimately argues that an equity tail hedge is the one safe haven that is as good as--and even better than--gold. Mark will work through other areas that are typically considered safe, like farmland and real estate, before showing the reader how to align his/her portfolio to withstand a potential crash"--
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Size Name: Single Colour Name: Multicoloured 10322
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Cor: Azul Claro (Dêlave)
No description available.
Cor: Branco / Branco/ Mescla
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Cor: Branco
O Bitcoin foi prometido como uma tecnologia libertadora, uma alternativa de livre mercado ao dinheiro controlado pelo estado. Mas essa promessa foi quebrada depois que um pequeno grupo de insiders assumiu o projeto e alterou fundamentalmente o design do Bitcoin. Poucas pessoas conhecem a verdadeira história do Bitcoin e a configuração original dele devido a anos de intensa censura, manipulação de redes sociais e rígidos controles de informação online. Sequestrando o Bitcoin destrói as narrativas mais populares em torno da criptomoeda e corrige o registro histórico. A paixão e a dor de Roger Ver transparecem enquanto ele conta a história de um projeto amado que foi corrompido diante dos seus olhos. Escrito por uma das figuras mais proeminentes da indústria de criptomoedas, este livro é impossível de ignorar. Da aba interna: O Bitcoin foi capturado e alterado para pior. Essa é a conclusão inegável de Sequestrando o Bitcoin. Repleto de história e verdades inconvenientes, este livro embarca em uma cruzada contra as narrativas mais populares que cercam o BTC. O Bitcoin é realmente descentralizado? Ele deveria ser ouro digital ou dinheiro digital? O design original realmente tinha problemas de escalabilidade? Roger Ver aborda essas questões de forma direta e fornece respostas desconfortáveis. Roger Ver é o primeiro investidor mundial em startups de Bitcoin e tem sido um nome proeminente na indústria de criptomoedas desde o início. No entanto, como ele confessa na introdução, este livro não é uma história de amor. É um devastador relato sobre a corrupção, propaganda e centralização de poder no Bitcoin.