#70 Mark Spitznagel: The Dao of Capital

You've gotta 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.

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