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Mark Spitznagel

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51

first

2019-05-06

most recent

2019-05-06

sittings or episodes

1

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podcast

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1. “You've got to love to lose money, hate to make money, love to lose money, hate to make money. But we are human beings. We love to make money, hate to lose money. So we must overcome that humanness about us. This is Clip's paradox, repeated countless times by a sage old Chicago trader named Everett Clip, and through which I first happened upon an investment approach, one that I would quickly make my own. This is the roundabout approach. Indeed, central to the very message of this book. Rather than pursue the direct route of immediate gain, we will seek the difficult and roundabout route of immediate loss, an intermediate step which begets an advantage for even greater potential gain. This is the age old strategy of the military general and of the entrepreneur. Because of its difficulty”

   2019-05-06 · Founders · #70 Mark Spitznagel: The Dao of Capital · IDENTIFIED FROM THE TRANSCRIPT · source