In 2018, Nassim Nicholas Taleb gave a 61-min masterclass on why systems fail when decision-makers don't share the downside.
685K views.
His frameworks:
- No downside, no discipline
- Moral hazard with better branding
- Fragility hides in incentives
12 insights: 🧵
Instead of watching an hour of Netflix, watch this 1 hour Yale lecture. It will teach you more about options trading and the exact models hedge funds use than most people learn in their entire careers on Wall Street.
People often make the mistake of focusing on what should be done while neglecting the more important question of who should be given the responsibility for determining what should be done. That's backward. When you know what you need in a person to do the job well and you know what the person you're putting into it is like, you can pretty well visualize how things will go. #principleoftheday
This 60-minute MIT lecture from Steve Jobs after getting fired from Apple will teach you more about building companies than most startup books ever will.
Bookmark this & give it an hour. It’ll be one of the best business lessons you consume this year.
“Greatness does not come out of intelligence, it comes from character.
Character is not formed out of smart people: it is formed out of people who have suffered.”
— Nvidia CEO, Jensen Huang
Anthropic pays engineers $750,000 a year to understand how AI models actually work.
Stanford just put the same knowledge on YouTube.
2 hours. Completely free.
This is the lecture that teaches you what most AI courses skip entirely.
Not how to use the tools.
Why they work the way they do.
The engineers who understand the why build things the people who only know the how cannot even conceive of.
The gap between those two groups is $750,000 a year.
You can close most of it in an afternoon.
Bookmark this before you scroll past it.
Watch it this weekend.
Not eventually.
This weekend.
If humans were only wise, we would never misuse our creations. If we were only stupid, we would never have invented them. But we are wise enough to create incredible things, and stupid enough to misuse them. This is a basic tension in human history.
People are already using ChatGPT to help with retirement planning, but is it good enough yet to deliver the kind of smart, personalized financial guidance human advisers have traditionally provided? https://t.co/lAUr1YQ4K4
Companies that do best at containing the effects of a crisis have developed superior capabilities across seven critical practice areas.
https://t.co/2Oo7YEpil6
When a team member pushes back on a leadership decision, it can feel personal. The instinct is to move quickly, label it as resistance, and stay on track. But that reaction often skips a critical step: understanding what’s actually driving the response to that decision. Frustration, hesitation, or disagreement can signal gaps in clarity, alignment, or trust around the direction being set. Leaders who pause to diagnose instead of judge gain insight they can act on. They turn friction into feedback and use it to refine decisions while strengthening their teams.
Read the full article to learn how to better interpret pushback and lead with sharper judgment. https://t.co/LKqAIs3ldK
Elon Musk on the rapid advancement of AI and robotics
"I'm confident that if AI and robotics continue to advance which they are advancing very rapidly working will be optional, and people will have any goods and services that they want"
AI and robotics are advancing so fast that, eventually, they could satisfy nearly every human need. At that point, abundance becomes the default, and the real question is no longer about production, but purpose
"There is a limit people can only eat so much food. But I think if you can think of it, you can have it in the future"