Nassim Nicholas Taleb.
His ideas simply cracked something open inside of me.
You have these feelings about how the world work but you could not articulate it.
His books, lectures, interviews, video explanations, podcast etc etc did that for me.
Great example of why you can't explain risk to people in multi-dimensional spaces.
Even if they see it coming, they don't assess or manage the risk properly.
Real risk is not seen; it's felt.
Most risk is from incalculable, unknown, future interactions.
I don't need to be more organized. I need less.
I don't need to be more informed. I need less.
I don't need to be more focused. I need to be less.
I don't need to be more information. I need less.
You don't need more it's less.
The more is always in less.
More of less.
People ask the "what would you say to your younger self".
Likely your younger self would not listen.
Would not understand information you're trying to convey.
Information becomes relevant because of your experiences.
Many can't see information cuz they're just not there yet.
Making money is not about making money, it's about not losing it.
Being happy isn't about happiness it's about not being miserable.
Intelligence isn't about being smart it's about not doing dumb s***.
If you're trying to get good, remove being bad.
It's removal, not addition.
Hard work keeps you in the game.
You need to be in the game to benefit from random variations.
You need to be in the game to be lucky.
Hard work keeps you in the game luck gives you convexity.
You need to be in the game to get lucky.
Keep working hard to stay in the game.
The most important facts are never the facts, you know.
It's the facts you know to avoid.
Be careful of the facts they tell you.
Some facts do more harm than good because you know them.
That's why they tell them to you.
That's a fact.
I've said this before.
My grandfather was a locksmith.
He used to say "locks keep honest people honest".
"Criminals want in they're getting in".
This is also true with laws.
They just keep honest people honest.
Criminals are going to commit crimes.
Regardless of the laws.
Macro guys are missing with Silicon Valley Bank is...
Second largest bank to collapse in history.
You didn't hear word one until it was over.
More importantly the velocity of collapse.
2 days game over.
It's second order effects that are accelerating.
That's the alarm bell.
If you slightly adjust the lens you look and evaluate life through, so instead of successes and failures simply just experiences.
As long as you survive you've always won.
Because you got an experience on your path.
Your path; not theirs.
Real wealth is never being forced to play a game you don't want to play.
The system is designed to force people into a game the system wants you to play.
Best game to play is the game that you can walk away from.
If you can't walk away, you're playing their game not yours.
Every missed chance in life was an opportunity to behave well, every missed chance in life was an opportunity to learn something, and that your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion.
Charlie Munger
You can't learn how to ride a bike by reading a book.
You can't learn how to swim by standing on the shore.
We've convinced most that academia is the only way to learn.
It's an industry.
Real life is understanding the multiplicative multi-dimensional interactions from doing.
You never should need to focus.
If you need to force focus, you'll never be focused.
If it's something truly natural, your focus will come from within & you won't be able to focus on anything else.
The focus is emotional drive.
If you can't focus, that tells you everything.
The moment you need to prove your point.
Realize it's a trap.
Mostly doesn't matter how much evidence, data, information you have to prove your point.
Likely it won't change how they think.
You make your point by not trying to convince others of your point.
See the point.
Today, he's the CEO of a $1.8 trillion company.
In 1993, he was just another middle manager doing Excel demos.
Satya Nadella worked at Microsoft for 22 years.
He climbed the ladder.
And is worth ~$700 million today.
There are many ways to win.
The moment you get the respect you've been been looking from others you realize you don't need it from them.
They can never give you something that you've always had.
You just had to find it within yourself where it's always been.
Most of life is finding what you already have.
Perfect.
Truly captures to never change who you are to fit into others expectations.
Life is about finding what emotionally drives you. The true search.
Buffett beautifully articulates this with regards to Charlie Munger.
Kid's question is brilliant.
Rich is about needing money.
Wealth is about not needing to be rich.
Smart is about needing knowledge.
Intelligence is about not needing to be smart.
Wealth and intelligence is about the not needing; not the needing.
Life is about what you don't need; not what you need.
If you need evidence to make decisions, you're not making decisions.
If there's evidence, the decisions already been made.
That's not you making decisions.
You make decisions before the evidence not after.
There's more to making decisions than following evidence.
Evidently.
There is no other way to guard yourself against flattery than by making men understand that telling you the truth will not offend you.
Machiavelli Niccolo
Give "it's a private company" argument a rest.
This was not an independent company acting alone within its own organization.
These private companies were being pressured by the US government to impose mandates on speech.
If that doesn't concern you.
I can't explain it to you
19. Inevitably, dissident yet legitimate content was labeled as misinformation, and the accounts of doctors and others were suspended both for tweeting opinions and demonstrably true information.
When somebody says,
" I'm never doing that again"
They'll do it again.
It's only when they stop saying they're never going to do it again.
Doing real work is never needing to say it.
The real announcement is in not needing to announce.
Listen for the non-announcement.
People who didn't earn the freedom don't realize how easy it is to lose it.
People who didn't earn the money don't realize how easy it is to lose it.
People who don't earn it don't realize how easy it is to lose it.
If you struggle to get something, you understand the value.
If you take your shot and miss.
Be thankful that you had an opportunity.
It's not making the shot, it's the opportunity to take it.
Life isn't winning.
Life is being able to play.
If you miss a shot, at least you were here on Earth to take it.
You made it even if you miss.
You cannot convince or talk your way into being confident.
Confidence isn't about being egotistical; it's about being comfortable with outcomes.
Most think it's being assured or trying to be perfect.
Confidence is acceptance.
Like most things, it's never what you think.
Be careful of proving right.
They're dead ends.
Notice yourself saying out loud or silently, " I knew I was right."
We want to feel validated, but careful of needing to be acknowledged for right either by others or yourself.
It does more harm than good, even if you're right.
Win by attrition.
That's how most people win in life.
It's not by being first or the best but by just surviving.
Staying in the game is winning the game.
That's really the game of life.
Who's ever standing last stands best.
Just keep standing.
Stay in the standings.
Never try to show how smart you are.
Let them show you how smart they are.
More information in getting answers than there's in giving it.
More entropy in getting information than there's in giving it.
Let them be smart with their answers.
You be smart with their information
As NNT with via negativa, remove to gain.
Most modern life is always about adding or accumulation of something.
Adding a medicine to solve a health issue.
Accumulating wealth.
System is always adding entropy to you.
So.
Remove. Don't acquire.
ABR.
Always Be Reducing.
When you undermine the family unit you undermine the system.
You need the family structure as a safety net.
If you undermine the family structure, you lose an important safety net.
I don't think we appreciate how important the family structure is.
We are taking it for granted
The real work is to not have an opinion.
To have facts, details and information and not form an opinion.
To maintain intellectual integrity is to not get emotionally attached to a particular subject.
It's harder than you think.
The academic system forces you into an opinion.
Don't focus on the maximization of happiness.
Just manage the minimization of misery.
Happiness always takes care of itself.
Misery takes care of you by taking you out.
Manage the misery.
Strangely lack of focus makes you smarter.
Paradoxically when you're focused you linearize your thinking. Optimization. Reduce minimize entropy.
People that are hyperfocused can't see the big picture. Easily blindsided.
They can only see what they are focused and optimized on.
Most people lose trying to win.
The real strategy is wim by not losing.
Most real life games are games of attrition.
The last person standing is the winner by not losing.
Optimization is a maximization strategy.
Risk management is a minimization strategy.
Win by not losing.
Sadly we rely on sports, gambling and games to inject an artificial randomness that we naturally need back into our modern linearized lives.
We have over optimized our lives. This is inherently unnatural.
I can't believe this is happening.
Well.
That's the problem.
Your belief system.
Your belief system isn't matching the happenings of reality.
Believe that.
People don't want the truth.
What they want is something to validate how something makes them feel.
That's why most discussions or debates never really resolve anything.
Even for the audience.
Minds don't get changed with reason & logic.
Only time has that powerful ability.
The name of the game is to get you to play their game.
Perfect schools
Perfect grades
Perfect job
Perfect spouse
Perfect house
Perfect kids
Perfect wealth
They want you in the game.
Perfectly.
In the end, you're the one that gets gamed.
The perfect game ain't so perfect.
In life, path matters.
How you get there.
Matters.
To you.
The arrival is for them.
Take the path that you want to take.
Be cautious of taking their path. It's optimized for them.
Not you.
Real wealth in life isn't what you own.
Real wealth in life is what doesn't own you.
Invert the ownership.
True ownership is not being owned.
And no.
It ain't about the money.
Be careful what you own because it may own you.
Family can lift you up or they can drown you.
You have to manage your own exposure in your own way.
You have to figure out what's right for you.
People will expose you to their volatility and then hide behind the moniker of family.
Manage the guilt that you may experience.
No matter how righteous something starts it always gets hijacked.
Wikipedia
Academia
Religion
Science
Medicine
Add Openai to the list.
Its now closed.
That's what the money's for.
Ultimately anything man-made will get weaponized by an oligarchy proclaiming righteousness.
What most people can't seem to wrap their head around.
Sometimes winning is knowing when to take a loss.
In life, winning isn't a straight line neither is losing.
Sometimes the name of the game is to stay in the game even if you need to lose a game.
To keep playing the game.
You never get credit for the catastrophes you avoided.
You don't get credit for being the hero of the averted accident.
Fundamental problem with verifiable observable evidence.
People start to optimize what you get credit for.
You don't get credit for it not happening.
1/2
All right I'm going to take a little break from X(Twitter).
Try to look through things from another lens.
Recalibrate the perspective..
Coach used to say, "deliberately throw your body out of balance to get a predetermined goal".
It's all good.
See you in a few.