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Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
What is rational is what allows the collective—entities meant to live for a long time—to survive. Not what is called “rational” in some unrigorous psychology or social science book.*4 In that sense, contrary to what psychologists and psycholophasters will tell you, some “overestimation” of tail risk is not irrational by any metric, as it is more th
... See moreNassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Decentralization reduces large structural asymmetries.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Taleb, Nassim Nicholas. The Black Swan: The impact of the highly improbable. Random House, 2007.
David Aldousstat.berkeley.eduSkin in the Game by Nassim Taleb
Tim Ferriss • The Almanack of Naval Ravikant: A Guide to Wealth and Happiness
Eponymy indicates both a commitment to the company and a confidence in the product.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Nassim Taleb “barbell” school of investment, which I implement as 90% in conservative asset classes like cash-like equivalents and the remaining 10% in speculative investments that can capitalize on positive “black swans.”
Timothy Ferriss • Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers
“in order to succeed, you must first survive.” My own