The DAO of Capital by Mark Spitznagel, it basically talks about an investing approach where “one gains by losing and loses by gaining.”, it is very insightful b

The DAO of Capital by Mark Spitznagel, it basically talks about an investing approach where “one gains by losing and loses by gaining.”, it is very insightful because it explains a strategy and effect I have seen work everywhere. Where people who suffer hardship early on, become stronger to deal with things, whereas people who do not suffer hardship early on get wiped off when real hardship arrives. His whole strategy is about how to do things in life by not trying to take the greedy algorithm [1] strategy where you choose the most logically beneficial outcome at each step and hoping to find the global optimum. Rather he talks about how various organisms in nature take a less than optimal step in the short run, but in a roundabout way they win big. Spitznagel runs a billion-dollar hedge fund based on the same strategy, and his investment approach is to make less profit in the immediate future, only to make a humongous profit in the long-term future. He has demonstrated this strategy with his fund in 2015 when the market flash crashed and he made billions. 1. https://en.wikipedia.org/wiki/Greedy_algorithm https://en.wikipedia.org/wiki/Greedy_algorithm