Antifragility implies more to gain than to lose, equals more upside than downside, equals (favorable) asymmetry. … Fragility implies more to lose than to gain, equals more downside than upside, equals (unfavorable) asymmetry. – Nassim…
Author: Milovan
Seneca’s Criticism of Education
What’s the use, after all, of mastering a horse and controlling him with the reins at full gallop if you’re carried away yourself by totally unbridled emotions? – Seneca
The Biggest Takeaways from Nassim Taleb’s Book “Skin In The Game” – Part Two
After my second read of Nassim Nicholas Taleb’s book Skin In The Game: Hidden Asymmetries in Daily Life, it’s time for another part of everyday wisdom that can make you smarter. If you missed Part…
Peter Thiel on “What Valuable Company Is Nobody Building? ”
“What important truth do very few people agree with you on?” – Peter Thiel Here you won’t find an answer on what exactly is the valuable company that nobody is building. However, you will find…
The Biggest Takeaways from Nassim Taleb’s Book “Skin In The Game” – Part One
Nassim Taleb’s Skin In The Game: Hidden Asymmetries in Daily Life is the book that fascinated me the most recently. It is deep on many levels: there’s advice on how to live ethical and antifragile…
Why It Is Hard (and Bad) To Learn From Experience
Experience is a dear teacher. – Benjamin Franklin Benjamin Franklin is certainly right. However, learning from experience can be expensive. And quite hard. Kahneman and Tversky in their paper describe the main reasons why it…
Dave Trott on The Source of Creativity
In the following excerpt from One Plus One Equals Three, Dave Trott shares and expands on Steve Jobs’ take on the source of human creativity. A few years ago I read an interview with Steve…
Nassim Taleb on The Importance of “Skin In The Game”
When selecting a surgeon for your next brain procedure, should you pick a surgeon who looks like a butcher or one who looks like a surgeon? The logic of skin in the game implies you…
Naval Ravikant on How Your “Specific Knowledge” Might Create Value
[…] Someone’s asking about my tweet, that you can’t get rich by renting out your time. Is there really any other way to get rich? Yeah, if I had to summarize how to make money—at…