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Chapter Overview
Chapter 1: AudiobookHub Recommendation
Chapter 2: Austrian investing applies the Chinese philosophy of Daoism to modern markets.
Chapter 3: Robinson Crusoe and Henry Ford are classic examples showing Austrian investing can ultimately lead to success.
Chapter 4: Daoist principles can be found in nature, especially within the forest ecosystem.
Chapter 5: Daoist concepts informed the military strategies of ancient China and those of nineteenth century Prussia.
Chapter 6: The market is an ongoing process and cannot be deemed empirical.
Chapter 7: The market is naturally self-correcting, while outside intervention greatly weakens its balancing forces.
Chapter 8: Austrian investing is difficult to practice because it defies our natural human instinct for immediate gratification.
Chapter 9: You have to stay patient and seek out highly productive capital to benefit from Austrian investing.
Description
The Dao of Capital takes the reader on a journey from ancient China to nineteenth and twentieth century Vienna, to modern, globalized markets. Using a multitude of examples, it outlines the approach of “roundabout investing” or “Austrian investing,” which is based on ancient Daoist wisdom of “gaining by losing.” See how strategic investing, rather than rapid and rushed investing, can lead you to great financial success.
Who Should Listen
- Anyone interested in economics
- Anyone interested in wise investing
- Anyone who wants to see how Daoist wisdom can be applied to markets