Julio's Almanack

👉 Blog post version - https://www.littlealmanack.com/p/skin-in-the-game-nassim-taleb🟠 My notebook with over 5,000 insights (Doers Notebook) - https://www.doersnotebook.com/📚 Get a 20% discount with Shortform using my link - https://www.shortform.com/almanack💌 My weekly newsletter where I share a timeless idea every Friday - https://www.littlealmanack.com/📙 My (free) ebook 43 Nuggets to Become Better, Richer, and Wiser - https://pickingnuggets.com/-------------------------CHAPTERS0:00 - Introduction0:59 - Idea #1: Never Lose Touch with Reality9:55 - Idea #2: Skin in the Game is about Honor13:35 - Idea #3: Soul in the Game19:13 - Idea #4: Heroes Were Not Library Rats23:52 - Idea #5: The Public and the Private26:00 - Idea #6: Unpopular Virtue29:46 - Idea #7: Beware of Advice that Benefits the Advice-Giver and Never Harms Him33:07 - Idea #8: Talking One’s Book & Revealed Preferences38:02 - Idea #9: The Minority Rule46:06 - Idea #10: Employee vs Contractor50:00 - Idea #11: The Origin of Envy55:28 - Idea #12: The Lindy Effect1:01:38 - Idea #13: Simplicity and Complication1:06:32 - Idea #14: The Agency Problem1:11:11 - Idea #15: How to Make True Friends1:13:51 - Idea #16: Rationality is about Survival

👉 The Black Swan (Amazon) - https://amzn.to/4j5tVnE👉 Blog post version - https://www.littlealmanack.com/p/the-black-swan-nassim-taleb🟠 My notebook with over 5,000 insights (Doers Notebook) - https://www.doersnotebook.com/📚 Get a 20% discount with Shortform using my link - https://www.shortform.com/almanack💌 My weekly newsletter where I share a timeless idea every Friday - https://www.littlealmanack.com/📙 My (free) ebook 43 Nuggets to Become Better, Richer, and Wiser - https://pickingnuggets.com/-------------------------CHAPTERS0:00 - Introduction4:47 - Idea #1: Focus on the Outliers8:49 - Idea #2: Platonicity12:31 - Idea #3: The Anti-Library15:46 - Idea #4: Scalable and non-scalable professions22:16 - Idea #5: The Province of Mediocristan24:34 - Idea #6: The Province of Extremistan27:17 - Idea #7: The Problem of Induction30:20 - Idea #8: Black Swans are always relative to knowledge31:08 - Idea #9: The Round-trip Fallacy33:12 - Idea #10: The Error of Confirmation (aka THE CONFIRMATION BIAS)35:43 - Idea #11: The basis for true Self-Confidence40:48 - Idea #12: The Narrative Fallacy44:09 - Idea #13: Silent Evidence48:06 - Idea #14: The Ludic Fallacy54:32 - Idea #15: Epistemic Arrogance & Epistemic Humility56:56 - Idea #16: The Fire Hydrant Experiment1:02:26 - Idea #17: Budget for Uncertainty1:04:09 - Idea #18: Ditch the 5-year plan1:06:52 - Idea #19: Maximize the Serendipity around you1:08:36 - Idea #20: Look for asymmetric outcomes1:10:21 - Idea #21: Set up your own gameDISCLAIMERLinks included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you!