#70 Mark Spitznagel: The Dao of Capital

65 snips

May 6, 2019

Dive into the intriguing world of investment philosophy with insights from Mark Spitznagel. Discover how embracing loss can yield greater long-term gains and why patience is key in both investing and entrepreneurship. Explore the indirect paths to success, likened to nature's own strategies. Historical examples, including Henry Ford's innovative approaches, showcase the power of strategic thinking. Plus, learn about the art of roundabout investing and how market distortions can create unique opportunities for savvy investors.

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INSIGHT

Clip's Paradox

Embrace Clip's paradox: Love losing money, hate making money.
Overcome human nature's preference for immediate gains to achieve long-term success.

ADVICE

Roundabout Investing

Adopt the indirect, roundabout approach to investing.
Seek immediate losses strategically to create greater potential gains.

ADVICE

Resist Immediate Gratification

Recognize that pursuing immediate rewards is deceptively easy and often leads to failure.
The roundabout approach involves short-term disadvantages for long-term advantage.

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