The Dao of Capital
Introduction
- 讲Everett Klipp, Babe Ruth of the CBOT的交易思想：
1. Your only edge is you could demand an edge (quoting) and wait for other's demand for immediacy;
2. Accept a loss when it is small (before becoming disaster), i.e. love to get small lossesp - 作者说如果自己的孩子只能读一本经济学教材，那就是 Henry Hazlitt - Economics in One Lesson
> “Economics in One Lesson is an expansion on the essay, “That Which Is Seen, and That Which Is Not Seen,” by nineteenth-century French economist Frédéric Bastiat” - the state of rest, when all orders have been executed. The state will end with any new order/info/etc.
> The state of rest is an intermittent end to all immediacy- 并没有读懂作者提到的Mises所说的“final state of rest"
- 感觉有点东西但没读懂？
> “The market was not a casino game of flashing random variables (despite untold lives still spent studying their stochastic properties), but an intricate coordinating and balancing price-concession process. - 根据自己的position，lead market by flushing out hidden immediacy of market来赚position的钱：“leading the market into imbalance, a momentary false state of rest away from its final state. ”这就很像太极推手
一口气读了50页的The Dao of Capital，读到Chapter1的"Moving On" sub-chapter
Mark Spitznagel, Ron Paul - The Dao of Capital\_ Austrian Investing in a Distorted World-Wiley (2013).mobi
Mark Spitznagel, Ron Paul - The Dao of Capital\_ Austrian Investing in a Distorted World-Wiley (2013).epub
2 pages link here
The Dao of Capital
一口气读了50页的The Dao of Capital，读到Chapter1的"Moving On" sub-chapter
奥地利学派经济学
The Dao of Capital作者Mark Spitznagel推崇奥派经济学和Taoist思想，叙述了"Austrian Investing"的方法