THE DAO OF CAPITAL

Mark Spitznagel

Subtitle: Austrian Investment in a Distorted World, Wiley, NYC, 2013, 332 pgs., index. notes

Reviewer comments - One essence of the Austrian school theory about production is that it is roundabout. But the thread of argument in this book is roundabout squared - like threading through a maze. But the results are worth it. The author translates Austrian financial theory about money and markets into specific methods for investing in real world market conditions. One key idea is about when to invest and when to wait.