Dao Capital

Mark Spitznagel — Nassim Taleb’s hedge fund partner — on investing through an Austrian economics lens.

Recommended in an August 2026 conversation; the private meeting note in the wiki holds who recommended it and the context.

Why it’s here

The roundabout-production idea it draws from Austrian economics is a direct analogue to Compounding and to the Capital Allocation patience that Permanent Capital structures are built to enable.