Podcast appearances and mentions of mark spitznagel

En El tao del capital, el gestor de fondos Mark Spitznagel presenta su metodología central de inversión austriaca, en la que la victoria no proviene de librar la batalla decisiva inmediata, sino del enfoque indirecto de buscar la ventaja posicional intermedia, de apuntar a los medios indirectos en lugar de hacerlo directamente a los fines. Spitznagel ha sido el primero en condensar las teorías de Ludwig von Mises y la escuela austriaca de economía en una metodología de inversión eficaz y cohesionada.  A lo largo de esta sesión repasaremos junto al inversor y divulgador Marcos Pérez, buen conocedor de la obra, las ideas principales de El tao del capital, un libro que invita al lector a descubrir la armonía profunda de los complejos procesos del mercado.    Marcos Pérez es astrofísico de formación. Actualmente colabora como docente en la Universitat Politécnica de Valencia, donde enseña sobre inversiones alternativas, hedge funds y behavioral finance. Además. También forma parte del Comité de Inversión de la EAF Ennos Value, entidad que asesora el fondo de inversión Affinium Internacional FI. Escribe como @inversobrio en la red social X. 

Financial expert Zach Abraham discusses the looming economic crash predicted by Mark Spitznagel and the potential impact of upcoming Fed rate cuts. Tune in to hear why he believes we’re in for turbulent times and how YOU can protect your investments. Learn about Bulwark's strategies with their FREE Common Cents Investing Guide. Get yours by […]

Financial expert Zach Abraham discusses the looming economic crash predicted by Mark Spitznagel and the potential impact of upcoming Fed rate cuts. Tune in to hear why he believes we're in for turbulent times and how YOU can protect your investments. Learn about Bulwark's strategies with their FREE Common Cents Investing Guide. Get yours by calling 866-779-RISK or go to knowyourriskradio.com

每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人：游庭皓（經濟日報專欄作家、小一輩財經人話翻譯機） 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/WG7vd7 歡迎來信給小編幫您處理 jackieyutw@gmail.com """"" 打賞網址 ：https://p.ecpay.com.tw/B83478D """"" 書名：資本之道 作者： 馬克．史匹茲納格爾 原文作者： Mark Spitznagel 譯者： 聞翊均 出版社：方舟文化 出版日期：2024/06/05 https://reurl.cc/yLlnra (YT抽書的朋友要公開訂閱我們財經皓角頻道唷♥️) (FB抽書的朋友要公開分享直播影片+您想要抽書留言♥️) 《早晨財經速解讀》是游庭皓的個人知識節目，針對財經時事做最新解讀，開播於2019年7月15日，每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學，信息量飽滿，為你顛覆直覺，清理投資誤區，用更寬廣的角度帶你一窺投資的奧秘。 免責聲明：《游庭皓的財經皓角》頻道為學習型頻道，僅用於教育與娛樂目的，無任何證券之買賣建議。任何形式的投資皆涉及風險，投資者需進行自己的研究，持盈保泰。

The key to successful architecture isn't the beautiful design with the perfect abstractions; it is more about knowing what can go wrong and where the fragile areas are. In this episode, Barry O'Reilly (Founder at Black Tulip Technology) shares his experience as an architect with Kristof Van Tomme and points out how residuality theory can help us better understand our industry.  They discuss topics like the three problems with software architecture, how residuality theory deals with these struggles, and how business strategy is a similar area. In their discussion, they also touch upon the field of LLMs.   References and further resources: An Introduction to Residuality Theory - Barry O'Reilly (YouTube video) @technologytulip Residues: Time, Change, and Uncertainty in Software Architecture by Barry O'Reilly The technical and social contracts of APIs - Discussion with Marsh Gardiner (API Resilience podcast episode) AI The Docs event by Pronovix  The Open Interface Web: Declaring Interfaces For An Open & Accessible World (Pronovix blog) Cause, Effect, and the Structure of the Social World by Megan T. Stevenson Safe Haven: Investing for Financial Storms by Mark Spitznagel

Was für ein Lauf für Aktien! Zwischenzeitlich legte der S&P 500 einen Gewinnertag nach dem nächsten hin und war kurz davor, einen Rekord zu brechen, den wir zuletzt 2004 an der Börse gesehen hatten. Doch am Ende der Woche kam dann der Dämpfer: Zum einen zeigten sich Jerome Powell und die Notenbanker wieder etwas hawkisher – und zum anderen gab es einen heftigen Dämpfer bei Anleihen. Die USA schockten die Märkte kurz mit einer verhagelten Auktion von 30-jährigen Treasuries. Der Markt fragte nämlich weniger Anleihen nach als gewohnt: Aktien fielen daraufhin und die Renditen der Staatsanleihen stiegen wieder. War die Rally also nur ein Strohfeuer? Die Bären verweisen auf die starken Short-Positionen, die eingedeckt werden mussten und vermuten dahinter die steigenden Kurse. Doch die Bullen halten dagegen und verweisen auf den Fed Put. Demnach hätte die Notenbank wieder Spielraum und könnte einer Rezession mit Zinssenkungen entgegenwirken. Mark Spitznagel sieht das ganz anders und warnt davor: Wenn die Zinsen fallen, dann wird es böse enden! Der Hedgefondsmanager warnt gar vor der größten Zunderbüchsen-Zeitbombe der Finanzgeschichte. Die Privatanleger scheinen schon vorgesorgt zu haben und verkaufen im Oktober so viele Aktien wie zuvor in 2 Jahren nicht in einem Monat

Una mirada rara y accesible a través de la lente de uno de los grandes inversores de la actualidad para descubrir una profunda armonía con el proceso del mercado y la inversión austriaca. El autor condensa las teorías de Ludwig von Mises y su escuela austriaca de economía en una metodología de inversión cohesionada que se ha demostrado muy eficaz. Vamos a hacer una Feria Inmobiliaria de educación e inversión que jamás se ha hecho en Colombia. Más de 15 aliados claves del sector de real estate en el país para que aprendas a invertir como los mejores de la industria. Es el 30 de octubre en el auditorio de la Universidad Sergio Arboleda.  Te dejo acá el link con la información: https://hotm.art/EBCeyh ¡A seguir aprendiendo!

Brought to you by AG1 all-in-one nutritional supplement, Helix Sleep premium mattresses, and LinkedIn Jobs recruitment platform with 900M+ users. Nassim Nicholas Taleb (@nntaleb) spent 21 years as a risk-taker (quantitative trader) before becoming a researcher in philosophical, mathematical, and (mostly) practical problems with probability.Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, The Bed of Procrustes, and Skin in the Game), covering broad facets of uncertainty. His work has been published into 49 languages.In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 70 technical and scholarly papers in mathematical statistics, genetics, quantitative finance, statistical physics, medicine, philosophy, ethics, economics, and international affairs around the notion of risk and probability (grouped in the Technical Incerto).Taleb is currently Distinguished Professor of Risk Engineering at NYU's Tandon School of Engineering (retired). His current focus is on the properties of systems that can handle disorder ("antifragile").*Scott Patterson (@pattersonscott) is an investigative reporter for The Wall Street Journal, currently based in Washington DC, working on climate and energy policy. His new book is Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis, a profile of the rise of “black-swan traders,” such as Nassim Taleb and Mark Spitznagel, as well as a survey of the many perils the world faces today—and how we might fix them.Scott has covered everything from Berkshire Hathaway to stock exchanges to high-speed traders to the financial regulators. His first book, The Quants, describes the rise of mathematical finance and delves into its role in the 2008 financial blowup. Dark Pools, his second book, tells how computer traders took control of the U.S. stock market, starting from the birth of computer trading in the 1980s to the explosion of high-frequency trading in the late 2000s.*This episode is brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn screens candidates for the hard and soft skills you're looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.Using LinkedIn's active community of more than 900 million professionals worldwide, LinkedIn Jobs can help you find and hire the right person faster. When your business is ready to make that next hire, find the right person with LinkedIn Jobs. And now, you can post a job for free. Just visit LinkedIn.com/Tim.*This episode is also brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, you'll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.*This episode is also brought to you by Helix Sleep! Helix was selected as the best overall mattress of 2022 by GQ magazine, Wired, and Apartment Therapy. With Helix, there's a specific mattress to meet each and every body's unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk-free. They'll even pick it up from you if you don't love it. And now, Helix is offering 25% off all mattress orders plus two free pillows at HelixSleep.com/Tim. 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Breaking news: Mark Spitznagel, one of the biggest investors who play the “Black Swan game”, he actually awaits massive, world-changing events, and hedges his investments against the inevitable storm. He just said and I quote, “the greatest credit bubble in human history” is about to pop! This, according to the firm that makes its money hedging against disasters, is the next black swan event! Mass corporate defaults. Big bubble goes pop! Today, my good friend Ross Givens, insider trading and stocks expert, joins me today to break some of this craziness down.    Resources:  Join me and Ross, Saturday, September 2nd at 3PM EST, and learn exactly how YOU can turn the swamp's corruption into value for you and your family! Sign up HERE: https://turleytalksinsidertrading.com/registration/?tambid=18762 Learn how to protect your life savings from inflation and an irresponsible government, with Gold and Silver. Go to http://www.turleytalkslikesgold.com/ Try Liver Health Formula by going to GetLiverHelp.com/Turley and claim your 5 FREE bonus gifts. That's https://GetLiverHelp.com/Turley Nature's Morphine? Dr. Turley and scientist Clint Winters discuss the incredible pain relief effects of 100% Drug-Free Conolidine. This changes pain relief: https://www.bh3ktrk.com/2DDD1J/2CTPL/?source_id=pc&sub1=09123 The Courageous Patriot Community is inviting YOU! Join the movement now and build the parallel economy at https://join.turleytalks.com/insiders-club-evergreen/?utm_medium=podcast   Thank you for taking the time to listen to this episode. If you enjoyed this episode, please subscribe and/or leave a review. Sick and tired of Big Tech, censorship, and endless propaganda? Join my Insiders Club with a FREE TRIAL today at: https://insidersclub.turleytalks.com Make sure to FOLLOW me on Twitter: https://twitter.com/DrTurleyTalks BOLDLY stand up for TRUTH in Turley Merch! Browse our new designs right now at: https://store.turleytalks.com/ Do you want to be a part of the podcast and be our sponsor? Click here to partner with us and defy liberal culture! If you would like to get lots of articles on conservative trends make sure to sign-up for the 'New Conservative Age Rising' Email Alerts. 

Scott Patterson is the author of a brand new book, 'Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis.' In this book, he breaks down two of the greatest traders in history, Nassim Taleb and Mark Spitznagel.  At Universa hedge fund, which both of them have set up and run, they are returning over 100% annually based on audited returns. They have been doing that for over a decade, one of the great runs, but the strategy they employ is even more fascinating. ======================= Pomp writes a daily letter to over 250,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/

Nassim Nicholas Taleb (@nntaleb), the author of “The Black Swan” and “Antifragile," joins episode 83 of The Julia La Roche show alongside veteran Wall Street Journal reporter Scott Patterson (@pattersonscott), author of “Chaos Kings: How Wall Street Traders Make Billions In the New Age of Crisis.”  “Chaos Kings,” which features Taleb, recounts the story of Universa Investments, a Miami-based investment firm specializing in risk mitigation, deploying a tail-risk hedging strategy to limit losses from an outsized market event, like a Black Swan. Taleb is the Distinguished Scientific Advisor at Universa. Led by Mark Spitznagel, Universa is among the best-performing investment managers of the last 15 years, reaping massive gains from market crashes. During the depths of the COVID-19 pandemic in early 2020, Universa delivered a stunning 4,000% return during the first quarter when markets sharply sold off. The firm has posted a 15-year average annual return on capital north of 100%. 0:00 Show open 1:00 Chaos Kings story  6:40 A problem with infrequent but large losses   9:45 Precautionary Principle  12:29 Tail risk hedging  15:30 Flaws of modern finance  17:17 Mark Spitznagel learning to “love to lose”  19:00 Fragilities, hidden risks, big picture macro environment  23:43 Addressing misconceptions around Black Swans  25:30 Optionality  30:16 Experience and execution of the strategy  31:49 Black Swans v. Dragon Kings  34:30 Predicting an event is one thing; benefitting is another thing 36:00 Sornette's Dragon Kings  38:50 Universa's 4,000% gain  41:45 Getting to know Nassim Taleb  46:01 Rethinking investing  49:01 New age of crisis  54:40 Parting thoughts 

My guest today is Scott Patterson, an author and a staff reporter for The Wall Street Journal, where has written about hedge funds, high-speed trading, Warren Buffett, the global mining industry, the Jan. 6, 2021 investigation, and climate change. His work has also appeared in the New York Times, Rolling Stone and Mother Earth News. The topic is his book Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis. In this episode of Trend Following Radio we discuss: Unforeseeable outcomes; the risk of Covid Mark Spitznagel systematic strategy Mark Spitznagel and and Nassim Taleb; extreme volatility and market chaos Bill Ackman discretionary trading Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

My guest today is Scott Patterson, an author and a staff reporter for The Wall Street Journal, where has written about hedge funds, high-speed trading, Warren Buffett, the global mining industry, the Jan. 6, 2021 investigation, and climate change. His work has also appeared in the New York Times, Rolling Stone and Mother Earth News. The topic is his book Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis. In this episode of Trend Following Radio we discuss: Unforeseeable outcomes; the risk of Covid Mark Spitznagel systematic strategy Mark Spitznagel and and Nassim Taleb; extreme volatility and market chaos Bill Ackman discretionary trading Jump in! --- I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show. To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/ You can watch a free video here: https://www.trendfollowing.com/video/ Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast My social media platforms: Twitter: @covel Facebook: @trendfollowing LinkedIn: @covel Instagram: @mikecovel Hope you enjoy my never-ending podcast conversation!

On today's episode, Clay chats with Scott Patterson about his new book - The Chaos Kings. The Chaos Kings tells the story of the hedge fund that achieved average annual returns of over 105% from 2008 through 2019, and how Bill Ackman had a $27 million dollar bet that turned into over $2.6 billion. IN THIS EPISODE YOU'LL LEARN:00:00 - Intro.02:35 - Who the Chaos Kings are.05:38 - The story of Nassim Taleb and Mark Spitznagel setting up a hedge fund that delivered average returns of 105% annually.06:12 - How these hedge funds profit tremendously during times of calamity.16:14 - What led Nassim Taleb to get interested in the markets.24:55 - Why we should be mindful of just how uncertain the world and our global economy is today.complexity theory - What complexity theory is.28:51 - How investors can protect themselves from a black swan event.45:02 - How Taleb and Spitznagel viewed the world differently than conventional wisdom.53:12 -How predictable Black Swan events are.57:41 - Looming Black Swans that Taleb sees in today's world.60:49 - What the precautionary principle is.63:23 - Taleb and Spitznagels take on the systemic risks in the financial system today.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESCheck out our newly released TIP Mastermind Community.Scott's new book - The Chaos Kings.Scott's website.Check out our recent episode covering the 2023 Berkshire Hathaway Shareholder Meeting or watch the video.Follow Clay on Twitter.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Learn how to better start, manage, and grow your business with the best business podcasts. P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.If you're aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Send, spend, and receive money around the world easily with Wise.Apply for the Employee Retention Credit easily, no matter how busy you are, with Innovation Refunds.Enjoy flexibility and support with free cancellation, payment options, and 24/7 service when booking travel experiences with Viator. Download the Viator app NOW and use code VIATOR10 for 10% off your first booking.Make connections, gain knowledge, and uplift your governance CV by becoming a member of the AICD today.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Having physical gold physical gold can help if you have an IRA or 401(k)! Call Augusta Precious Metals today to get their free “Ultimate Guide to Gold IRAs" at 855-222-4979.Join over 5k investors in the data security revolution with Atakama.Support our free podcast by supporting our sponsors.HELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Join us as we delve into the captivating world of Wall Street's most unexpected profits. In this episode, we interview Scott Patterson, acclaimed Wall Street Journal reporter and author of the fascinating book, Chaos Kings: How Traders Make Billions in the New Age of Crisis.Drawing upon his extensive research and insider knowledge, Scott reveals the secrets of how traders manage to transform unprecedented events, such as the 'Black Swan' and  'Dragon King' phenomena into extraordinary profit-making opportunities.One faction, led by Nassim Nicholas Taleb, bestselling author of The Black Swan, believes humans can never see the big disaster coming. In their view, while inevitable, extreme events—so-called Black Swans—will always catch us by surprise. In 2007, Taleb's longtime collaborator, Mark Spitznagel, launched the Universa hedge fund, which would make billions protecting investors against unforeseen chaos in the market.A second faction, which relies on complex formulas, believes looming chaos can be detected. Chief among these risk prognosticators is Didier Sornette, a colorful French mathematician who enjoys riding his motorcycle at speeds over 170 miles per hour. When Sornette looks out from what he calls his Financial Crisis Observatory in Zurich, Switzerland, what he sees are "Dragon Kings"—punishing events that are unlikely to occur but have probabilities that can be predicted…and defended against.Patterson reveals the intricate strategies employed by these traders, who possess an uncanny ability to navigate and capitalize on market upheavals. From analyzing the impact of unforeseen events to the psychology of risk-taking, he and James shed light on the inner workings of betting on high-stakes world events.Throughout the interview, we explore the thrilling stories and characters that make up the fabric of Wall Street's most profitable moments. Scott Patterson's journalistic expertise and intimate understanding of the financial landscape give listeners a unique perspective on the elusive world of traders who have mastered the art of profiting from chaos.-----------What to write and publish a book in 30 days? Go to JamesAltucherShow.com/writing to join James' writing intensive!What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to “The James Altucher Show” wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook

Join us as we delve into the captivating world of Wall Street's most unexpected profits. In this episode, we interview Scott Patterson, acclaimed Wall Street Journal reporter and author of the fascinating book, Chaos Kings: How Traders Make Billions in the New Age of Crisis.Drawing upon his extensive research and insider knowledge, Scott reveals the secrets of how traders manage to transform unprecedented events, such as the 'Black Swan' and  'Dragon King' phenomena into extraordinary profit-making opportunities.One faction, led by Nassim Nicholas Taleb, bestselling author of The Black Swan, believes humans can never see the big disaster coming. In their view, while inevitable, extreme events-so-called Black Swans-will always catch us by surprise. In 2007, Taleb's longtime collaborator, Mark Spitznagel, launched the Universa hedge fund, which would make billions protecting investors against unforeseen chaos in the market.A second faction, which relies on complex formulas, believes looming chaos can be detected. Chief among these risk prognosticators is Didier Sornette, a colorful French mathematician who enjoys riding his motorcycle at speeds over 170 miles per hour. When Sornette looks out from what he calls his Financial Crisis Observatory in Zurich, Switzerland, what he sees are "Dragon Kings"-punishing events that are unlikely to occur but have probabilities that can be predicted...and defended against.Patterson reveals the intricate strategies employed by these traders, who possess an uncanny ability to navigate and capitalize on market upheavals. From analyzing the impact of unforeseen events to the psychology of risk-taking, he and James shed light on the inner workings of betting on high-stakes world events.Throughout the interview, we explore the thrilling stories and characters that make up the fabric of Wall Street's most profitable moments. Scott Patterson's journalistic expertise and intimate understanding of the financial landscape give listeners a unique perspective on the elusive world of traders who have mastered the art of profiting from chaos.-----------What to write and publish a book in 30 days? Go to JamesAltucherShow.com/writing to join James' writing intensive!What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book Skip the Line is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltucher.com/podcast.------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe  to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsStitcheriHeart RadioSpotifyFollow me on Social Media:YouTubeTwitterFacebook ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all...

Episode #595 vom 11.04.2023 Den Podcast als Newsletter kriegen? Komm in die Gruppe! Das Osterei von Exxon Mobil kostet 50 Milliarden. Oster-Autos von Tesla kosten 5% weniger. Apropos Osterei: Apple versteckt Bitcoin auf MacBooks. Und weil wenig MacBooks verkauft werden, reduziert Samsung seine Produktion. 3.612% Rendite mit einem Schwarzen Schwan. Nassim Taleb, Mark Spitznagel und die Kollegen bei Universa machen's möglich. Aber wie? Lamb Weston (WKN: A2ATEK) steckt hinter den Pommes der Amis und ordentlich Rendite an der Börse. Diesen Podcast vom 11.04.2023, 3:00 Uhr stellt dir die Podstars GmbH (Noah Leidinger) zur Verfügung. Learn more about your ad choices. Visit megaphone.fm/adchoices

We kennen hem van The Black Swan, en termen als antifragiliteit en asymmetrie. De econoom en filosoof staat bekend om zijn eigenzinnige kijk op risico en hoe beleggers daarmee dienen om te gaan. Mees Bovelander heeft de econoom hoog zitten en zo'n beetje alles wat er over hem te zien en te lezen is tot zich genomen. Hij geeft een inkijk in Talebs ideeënwereld, en concludeert dat we veel te leren hebben dan zijn unieke zienswijzen.► Uitgebreide show notes en achtergrondinformatie: https://jongbeleggendepodcast.nl/137-grote-beleggers-nassim-nicholas-taleb ► Word Vriend: https://portfoliodividendtracker.com ► Updates via Instagram: https://www.instagram.com/jongbeleggen ► Mijn volledige portfolio: https://beta.portfoliodividendtracker.com/p/jongbeleggen Door de toenemende populariteit van de podcast blijkt het echter onmogelijk om alle berichten te beantwoorden; hoe graag ik dat ook zou willen. Veel vragen die gemaild worden krijgen een antwoord in de podcast. De kans is heel groot dat jouw vraag al besproken is in één van alle afleveringen. Voor veelgestelde vragen verwijs ik je graag door naar de website, waar een pagina hiervoor is ingericht. Klik hier voor alle veelgestelde vragen.Deze podcast is 100% expertise-vrij en alleen geschikt voor amusementsdoeleinden. De inhoud mag niet worden beschouwd als financieel advies.Zie het privacybeleid op https://art19.com/privacy en de privacyverklaring van Californië op https://art19.com/privacy#do-not-sell-my-info.

A ‘black swan' event is something financial markets fail to factor in because it is so improbable. It can make markets fall sharply and quickly, as investors all race for the door. Mark Spitznagel founded Universa Investments to focus entirely on these unlikely occurrences. Universa buys ‘far out of the money' options on US share markets, protecting against extremely unlikely falls. Most of the time, these options expire worthless. But when a black swan event hits, the options can suddenly be ‘in the money' – and valuable to their owners. This proved to be the case when Covid-19 sent share markets plummetting in March 2020. NZ Funds has worked with Universa since 2013. Mark speaks to our Chief Investment Officer James Grigor about Universa's contrarian investment approach.

The Apes talk all things Macroeconomics. Where is the market going? The MS Index. Tail Hedging/Buying Puts. Schiller PE. It's all in here.Federal Reserve Z.1 DataUS UnemploymentUS Trade DeficitFear and Greed IndexShiller PEVixMS IndexTobin Q RatioM2 Money Supply, M1, M0The DAO of Capital by Mark Spitznagel

Rozhovor s investorem Danem Vořechovským (@kweenolog) o jeho investiční strategii, kterou ovlivnil Mark Spitznagel, proč opustil USA a je kompletně zainvestovaný v Asii, v jakých čínských společnostech vidí největší investiční potenciál, co si myslí o čínských biotechnoloických společnostech nebo jak vnímá reformu čínského energetického trhu. Jednodušše vše, co jste chtěli vědět o investování v Asii. (Natočeno 3/12/2021)“Jsem kompletně zainvestovaný v Asii.”“Poslední 4 roky pravidelně porážím trh.”“Alibaba ztrácí dech. Má ještě kam klesat.”“Snažím se zaměřovat na mimořádně vzácné události, jako je recese. V těch pádech jsou nejlepší nákupy.”“Klíčem v investování do biotechnologií je mít dostatečně diverzifikované portfolio, abyste tam měli opravdu ten blockbuster, který vám udělá ten zisk.”AKCIE: Alibaba, DIDI, NIO, Pinduoduo, Tencent, Meituan, BYD, LONGi Green Energy, Innovent Biologics. --> Kompletní seznam si můžete prohlédnout zde. V PODCASTU SE DOZVÍTE: Začátky v investování (2:01)Hedgování & Spitznagel, zhodnocení za letošní rok (6:33)Rozdělení portfolia (15:17)Intradenní obchodování (18:18)Události, které zobchodoval (18:36)Proč opustil USA a začal investovat v Číně (22:19)Broker pro investování v Asii (27:18)Rizika spojená s investováním do čínských společností (28:07)Přístup zahraničních investorů na čínský akciový trh (31:43)VIE struktura (34:21)Rozdíl mezi americkým a hongkonským akciovým trhem (40:02)DIDI a delisting (41:39)Alibaba, Tencent (43:46)Pinduodo a Meituan (53:48)Nevyspělý kapitálový trh a nízká likvidita (56:11)Jak se dostat k čínským akciím (1:03:20)Čínské akcie, ve kterých vidí největší potenciál (1:08:54)BYD (1:14:12)Reforma čínského energetického trhu (1:16:55)Čínské biotechnologické společnosti (1:20:46)Dotazy z Twitteru (1:24:15)Sledujte Dana Vořechovského na Twitteru @kweenolog nebo si přečtěte více o jeho filozofii na jeho webu. Nestihli jste Českou investiční konferenci 2021? Nevadí. Můžete si koupit záznam. Partnerem podcastu je Strike.Market, alternativní data pro vaše investice.Vaše zpětná vazba je pro mě důležitá. Máte-li k podcastu jakékoliv poznámky, zašlete mi je, prosím, na lenka@schanova.com. Děkuji. 

Investing for Financial Storms with Mark Spitznagel, Founder & Chief Investment Officer, Universa Investments.Moderated by William Cohan, Bestselling Author & Founding Partner, Puck.—————————————————————— Watch this video on YouTube: https://www.youtube.com/c/SALTTube/videosFor podcast transcripts and show notes, visit https://salt.org/salt-ny-librarySALT New York is a global thought leadership and networking forum at the intersection of finance, technology and public policy. Over the course of three days, leading investors, creators and thinkers will take the stage in support of SALT's mission: empowering big ideas. #SALTNY

Bob reviews Mark Spitznagel's latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: Bob's appearance on Jordan Peterson‘s podcastBob's surprisingly high ranking among influential economistsHis episode with Winston Ewert (who helped design the AI that produced the ranking)Mark Spitznagel's new book Safe Haven: Investing for Financial Storms and his previous book, The Dao of Capital ​For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on Apple Podcasts, Google Podcasts, Stitcher, Spotify, and via RSS.

Bob reviews Mark Spitznagel's latest book, Safe Haven: Investing for Financial Storms, on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: Bob's appearance on Jordan Peterson‘s podcastBob's surprisingly high ranking among influential economistsHis episode with Winston Ewert (who helped design the AI that produced the ranking)Mark Spitznagel's new book Safe Haven: Investing for Financial Storms and his previous book, The Dao of Capital ​For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on Apple Podcasts, Google Podcasts, Stitcher, Spotify, and via RSS.

Bob reviews Mark Spitznagel's latest book, "Safe Haven: Investing for Financial Storms," on which he was a consultant. Bob explains that Spitznagel rejects the alleged dichotomy between risk and return, and then gives a numerical example to illustrate the two schools of thought. Mentioned in the Episode and Other Links of Interest: https://youtu.be/_OtZ49i-yyk (Bob's appearance on Jordan Peterson)'s podcast. https://academicinfluence.com/people?text=&school=&gender=&country=&discipline=economics&subdiscipline=&year-min=1990&year-max=2020 (Bob's surprisingly high ranking) among influential economists. His https://www.bobmurphyshow.com/episodes/ep-111-winston-ewert-explains-his-research-applying-computer-science-to-intelligent-design/ (episode with Winston Ewert) (who helped design the AI that produced the ranking). Mark Spitznagel's new book https://www.amazon.com/gp/product/1119401798/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=1119401798&linkId=72a17d78b148b80690474248bbbdfd99 (Safe Haven: Investing for Financial Storms) and his previous book, https://www.amazon.com/gp/product/111834703X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=111834703X&linkId=102c6b266bce8e18a59803bde9841aa4 (The Dao of Capital). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show. The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).

Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors.  Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: Can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode! Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: Mises.org/SafeHaven And, Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: Mises.org/Dao]]>

Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors. Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: Can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode! Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: Mises.org/SafeHaven And, Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: Mises.org/Dao

Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors. Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode! Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: Mises.org/SafeHaven And Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: Mises.org/Dao

Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors. Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode! Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: Mises.org/SafeHaven And Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: Mises.org/Dao

Fans of Austrian economics know hedge fund manager Mark Spitznagel as a brilliant thinker thoroughly steeped in Menger, Böhm-Bawerk, Mises, and Rothbard. His excellent 2013 book The Dao of Capital was rooted in Austrian capital theory and "roundaboutness," and his application of of that theory has proven highly beneficial for his investors. Now Spitznagel is back with a new book that directly challenges our understanding of risk. Safe Haven asks, and answers, a fundamental question: can mitigating risk actually add to the bottom line? Can safe havens be truly cost-effective, by adding to CAGR? Mises Institute Senior Fellow Robert Murphy, who consulted on the book, joins the show for a fascinating look at Spitznagel's penetrating and contrarian thesis. If you're interested in the intersection of investing and Austrian economics, don't miss this episode! Mark Spitznagel's Safe Haven: Investing for Financial Storms on Amazon: Mises.org/SafeHaven And Spitznagel's 2013 book The Dao of Capital: Austrian Investing in a Distorted World on Amazon: Mises.org/Dao

David Howden is Chair of the Department of Business and Economics at Saint Louis University's Madrid campus. He earned his PhD under Jesus Huerta de Soto. Bob asks David about his experiences as a next generation Austrian economist, and in particular his work on financial markets. Mentioned in the Episode and Other Links of Interest: David Howden's https://www.slu.edu/madrid/academics/faculty/david-howden.php (academic page). Jesus Huerta de Soto's https://mises.org/library/money-bank-credit-and-economic-cycles (book on business cycles). Bob's https://mises.org/library/bursting-eugene-famas-bubble (critique of Fama on bubbles). Bob https://consultingbyrpm.com/blog/2013/01/learning-from-brad-delong-and-paul-krugman.html (explains his botched inflation prediction). Mark Spitznagel's the https://www.amazon.com/gp/product/B00D7P2K1W/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=B00D7P2K1W&linkId=7aa9146e4524d75e441185c579caabed (Dao of Capital). Nassim Taleb's https://www.amazon.com/gp/product/081297381X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=consultingbyr-20&creative=9325&linkCode=as2&creativeASIN=081297381X&linkId=c119254698003e5bd5e0ce0693d0a845 (The Black Swan). #Commissions Earned (As an Amazon Associate I earn from qualifying purchases.) Bob's article on https://mises.org/library/social-function-call-and-put-options (social function of call and put options). Tyler Cowen https://conversationswithtyler.com/episodes/john-cochrane/ (interview of John Cochrane). http://bobmurphyshow.com/contribute (Help support) the Bob Murphy Show. The audio production for this episode was provided by http://podsworth.com/ (Podsworth Media).

Described by Jordan Peterson as "frighteningly smart", Allen Farrington is a member of saifedean.com who has written some excellent essays on bitcoin, and also spent an enormous amount of time studying the work of various fiat intellectuals, so you don't have to. He joins us for a deep dive into why fiat intellectuals have such a hard time understanding bitcoin, why it triggers them so much, and whether there is anything important or profound in the ramblings of angry fiaters like George Selgin, Eric Weinstein, and Nassim Taleb. The discussion makes reference to the following articles by Allen: Bitcoin is Venice: https://bit.ly/3uihiLJ Wittgenstein’s Money: https://bit.ly/3eeXvaq There was Never Real Tulip Fever: https://bit.ly/3gY0u8Q Money, Blockchains and Social Scalability: https://bit.ly/3eO1pX1 The Capital Strip Mine: https://bit.ly/3t8cI1e Other books and articles referenced in the discussion include: Enders Game by Parker Lewis: https://bit.ly/3edxAQl Principles of Economics by Carl Menger The Theory of Money and Credit by Ludwig von Mises The Ultimate Resource by Julian Simon The Mystery of Capital by Hernando de Soto Complexity and the Economy by Brian Arthur Competition and Entrepreneurship by Israel Kirzner The Dao of Capital by Mark Spitznagel

Position or Profit? Position yourself for the rise of suburbia. With several contributing factors for people migrating away from mid-rise and high-rise condos, suburbia looks better and better. Jason Hartman shares real estate investing strategies that have proven effective for decades. However, current events have made these strategies more appealing. Investment Counselor, Doug, shares supporting investment tips based on the book, The Dao of Capital by Mark Spitznagel.  Books: The Dao of Capital by Mark Spitznagel Key Takeaways: [1:00] Investment Counselor, Doug [1:30] Discussing, The Dao of Capital, Investing in a Distorted World, Mark Spitznagel [3:00] Instead of focusing on profit, focus on your position.  [7:00] Discussing strategies like searching for weak companies [11:00] When you have population migrations it puts upward pressure on both price and rents [14:30] The demand for sub 250k homes goes up, as 2.3 million potentially leave mid and high-rise condos.  [20:00] Dollar-cost averaging, the Spitznagel way.  [22:00] Timing the market, people often forget to calculate the cash that they lose by waiting.  [24:00] People buy a house because the payment is affordable, not the price.  Websites: JasonHartman.com JasonHartman.com/properties Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN

What I learned from reading Billy Durant Creator of General Motors: The Story of the Flamboyant Genius Who Helped Lead America into the Automobile Age by Lawrence Gustin.[0:32] DURANT MAY BE THE MOST IMPORTANT AUTOMOBILE PIONEER: Of all the colorful men who propelled the United States into the automobile age, Billy Durant was perhaps the most unusual, and from an organizational standpoint in the pioneering era, the most important. Durant had a hand in shaping the beginnings of three of the four major American automobile manufacturing corporations that exist today.[4:16] HIS LIFE STORY HAS A SURPRISING END: The guy founded General Motors, Chrysler, and Frigidaire. Three gigantic, successful companies. How does he die with no money?[6:04] DURANT TRIED TO PROTECT HIS INVESTORS: He had an attitude, not a common among men of big money. He tried to protect the people who invested with him, even if this protection would break him. Finally, it did. And when he was unable to save the dollars of his supporters he plunged from multimillionaire to bankruptcy.[10:29] DURANT WAS SKEPTICAL OF AUTOMOBILES: Durant starts out as an automobile skeptic. He builds the General Motors of horse-drawn transportation and then takes that same playbook and uses it again to do the same thing in the automobile industry once he gets over his skepticism.[17:08] IF SOMETHING IS IMPORTANT TO YOUR BUSINESS YOU NEED TO CONTROL IT: We have seen this over and over and over and over again in these stories throughout the history of entrepreneurship. If something is important to your business, you need to control it. Durant line up a big contract for the buggies only to find that Patterson chanced upon the same buyer and told him that since the product was actually being made at his factory, the buyer could save money by buying directly from him. Durant that from then on they would build all their own vehicles.[19:12] DURANT ON SALES: Assume that the person you are talking to knows as much or more than you do. Do not talk too much. Give the customer time to think. In other words, let the customer sell himself. That system works best when you have a good product. Look for a self - seller. If you cannot find one, make one.[21:48] ON CONTROL. HENRY FORD REALIZED THIS. THE DODGE BROTHERS DID TOO: We started out as assemblers with no advantage over our competitors. We paid about the same prices for everything we purchased. We realized that we were making no progress and would not unless and until we manufactured practically every important part that we used. We proceeded to purchase plants and the control of plants, which made it possible for us to build up the largest carriage company in the United States.[31:36] DURANT WAS AT THE RIGHT PLACE, AT THE RIGHT TIME, WITH THE RIGHT SET OF SKILLS: For the first time, he began to see that the automobile had a future. The stockholders of Buick were so desperate that they were willing to turn over controlling interest to him. And perhaps most important, the Durant-Dort Carriage Company had a large, idle factory. [39:11] IT WAS HARD TO RAISE MONEY FOR GENERAL MOTORS: I had a long, hot session with our friends in New York yesterday and was pretty nearly used up at the finish. If you think it is an easy matter to get money from New York capitalists to finance a motor car proposition in Michigan, you have another guess coming. Money is hard to get owing to a somewhat unaccountable feeling of uneasiness and a general distrust of the automobile proposition.[44:25] BILLY DURANT'S MASTER PLAN FOR GENERAL MOTORS: Durant's aim was nothing less than to gain control of some of the biggest and best automobile companies in America. But he also wanted to get in on the ground floor with companies just starting. Durant: “They could be purchased by exchanging small amounts of stock, and who could tell what their patents, products, and inventions might bring? The automobile industry was in its infancy, the public was fickle, the only sure road to power and success was to have a wide range of products. I figured if I could acquire a few more companies like the Buick, I would have control of the greatest industry in this country. A great opportunity, no time to lose, I must get busy.”[51:30] DON VALENTINE TEACHES YOU BUSINESS IN TWO MINUTES: There are two things in business that matter, and you can learn this in two minutes --you don't have to go to business school for two years: high gross margins and cash flow. All companies that go out of business do so for the same reason- they run out of money." —Don Valentine[55:10] GENERAL MOTORS RUNS OUT OF MONEY! DURANT IS FORCED OUT: The bankers demanded control of the company. Durant had no choice but to accept. Automotive historians have generally described the terms as exorbitant. And Durant, in his memoirs, fumed: “The $ 15 million loan finally offered had outrageous terms which I was forced to accept. Under the terms, I received $ 12,250,000 cash ( not $ 15 million ), for which I gave $ 21,600,000 of the best securities ever created — the enormous interest of $ 9,350,000.[57:57] DURANT'S STRATEGY FOR CHEVROLET WAS TO FOCUS ON THE LOW PRICED MARKET BECAUSE IT HAD MORE DEMAND THAN SUPPLY : Henry Ford couldn't build enough cars to satisfy the entire demand for a low priced automobile.[1:04:50] THE UNUSUAL HAPPENS, USUALLY. BILLY DURANT IS THE OPPOSITE OF HETTY GREEN OR MARK SPITZNAGEL: In 1920 the boom that had followed the end of WWI came to a rather abrupt halt and the United States slumped into a sharp recession. The price of GM stock began to decline steadily. GM sold 47,000 cars a month. By November monthly sales were down to 12,000. Durant realized GM needed money.[1:10:26] BILLY DURANT'S LIFE SHOULD HAVE HAD A HAPPIER ENDING: All that can be said for certain about Durant's last days at GM is that his activities in the stock market placed him in an extremely vulnerable situation. Louis Kaufman said in 1927 that had Durant not become involved in the market he would have been worth $500 million and still in charge of GM. ----“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast

What I learned from reading The Dao of Capital: Austrian Investing in a Distorted World by Mark Spitznagel.Klipp's Paradox (0:01)the whole point of my approach to investing is that we must be willing to adopt the indirect route to achieve our goals (14:00)finding his life's work (19:00)if my children will only read one book on economics I would be Economics in One Lesson (25:30)why it is always possible to start new, successful companies (30:00)the point is not to go slow to stay glow. it is to go slow now so you can go faster later (34:15)Robinson Crusoe and roundabout production (39:30)Henry Ford as the quintessential roundabout entrepreneur (45:00)how Mark uses roundabout in his investing (54:00)—“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — GarethBe like Gareth. Buy a book: All the books featured on Founders Podcast