FoundersMay 6, 2019

#70 Mark Spitznagel: The Dao of Capital

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Audio URL: https://traffic.megaphone.fm/DSLLC1804217094.mp3?updated=1748636313

About This Episode

What I learned from reading The Dao of Capital: Austrian Investing in a Distorted World by Mark Spitznagel. Klipp's Paradox (0:01) the whole point of my approach to investing is that we must be willing to adopt the indirect route to achieve our goals (14:00) finding his life's work (19:00) if my children will only read one book on economics I would be Economics in One Lesson (25:30) why it is always possible to start new, successful companies (30:00) the point is not to go slow to stay glow. it is to go slow now so you can go faster later (34:15) Robinson Crusoe and roundabout production (39:30) Henry Ford as the quintessential roundabout entrepreneur (45:00) how Mark uses roundabout in his investing (54:00) ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- “I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth Be like Gareth. Buy a book: All the books featured on Founders Podcast

Book Mentions

9 book mentions in this episode.

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Books Mentioned

The Dow of Capital, Austrian Investing in a Distorted World

Mark Spitznagel

“The excerpt discusses the book 'The Dow of Capital, Austrian Investing in a Distorted World' by Mark Spitznagel, highlighting its unique ideas and the author's approach to investing.”

ASIN: N/A

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The Black Swan

Nassim Taleb

“The podcast mentions 'The Black Swan' by Nassim Taleb as part of a discussion on important books that help understand complex world dynamics.”

ASIN: 059324365X

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Antifragile

Nassim Taleb

“The podcast mentions 'Antifragile' by Nassim Taleb as part of a discussion on important books that help understand complex world dynamics.”

ASIN: B00A2ZIZYQ

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Fooled by Randomness

Nassim Taleb

“The podcast mentions 'Fooled by Randomness' by Nassim Taleb as part of a discussion on important books that help understand complex world dynamics.”

ASIN: 0812975219

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Thinking, Fast and Slow

Daniel Kahneman

“The podcast references 'Thinking, Fast and Slow' by Daniel Kahneman, discussing its relevance to the psychology of human decision-making in investing.”

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The Big Short

Michael Lewis

“The speaker compares the trading strategies discussed to the book The Big Short by Michael Lewis, indicating a similarity in themes.”

ASIN: B0FJTJ9KMC

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Economics in One Lesson

Henry Hazlitt

“The speaker discovered a book by Henry Hazlitt titled Economics in One Lesson, which he believes is essential for understanding economics.”

ASIN: B003XT60KO

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Human Action

Ludwig von Mises

“The speaker mentions that after reading Hazlitt's book, the next recommended reading for a thorough understanding is Human Action by Ludwig von Mises.”

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Today and Tomorrow

Henry Ford

“Ford wrote a book in 1926 called Today and Tomorrow, discussing the time element in manufacturing and its implications.”

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