Sunday, March 23, 2014

The Dao of Capital by Mark Spitznagel

Not only do we highly recommend reading (and rereading) Mark Spitznagel's The Dao of Capital, Austrian Investing in a Distorted World, we also recommend that everyone heed his warning of an upcoming crash.  This book is more important than both of Taleb's Fooled by Randomness and The Black Swan, combined.

The first link below, around 3:00 into the video, Spitznagel reminds us that interest rates are the most important economic variable and interest rates are currently artificial (determined by a bureaucrat, as opposed to to market).   THE MOST IMPORTANT ECONOMIC VARIABLE WE HAVE IS BEING DISTORTED.

Spitznagel Crushes The Strong Balance Sheet Fallacy

Mark Spitznagel Warns "Fed's Frankenstein Markets Are Totally An Illusion"

Spitznagel on CNBC:  Market is Set Up for a Huge Crash

Our Malinvestment In President Obama Will Bring Painful Consequences

Mark Spitznagel:  How the Fed Favors The 1%

Mark Spitznagel:  Christmas Trees and the Logic of Growth

Mark Spitznagel:  The Man Who Predicted the Depression