About this book
Hedge fund manager and tail-hedging pioneer Mark Spitznagel lays out a Daoist, roundabout investment approach where, as he puts it, "one gains by losing and loses by gaining." Drawing on the 150-year-old Austrian School and ranging from Warring States China to 19th-century Vienna, he condenses the ideas of Ludwig von Mises into a cohesive method centered on seeking intermediate positional advantage—shi—rather than the immediate decisive battle.
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