The Knowledge with David Elikwu

129. Trust, Skills, and Winning Long-Term Games with Luca Dellana

Dec 12, 2024

Luca Dellana, an author and business consultant known for enhancing revenue through effective risk and people management, joins David to explore success as a long-term game. They discuss the vital role of investing in relationships over seeking immediate rewards. Luca reveals how strategic time management and understanding asymmetric risk can impact decision-making. He emphasizes the importance of personal growth, skill development, and the balance between short-term tasks and long-term goals for achieving lasting success.

36:40

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Episode guests

Luca Dellanna

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Episode notes

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Quick takeaways

Investing in relationships and skills is crucial for long-term success, enhancing personal growth and organizational effectiveness.

Understanding asymmetric risk in decision-making is essential for strategic choices that prioritize long-term benefits over short-term gains.

Deep dives

The Balance of Time Horizons

Having a medium time horizon can lead to stagnation, as it often results in neglecting both short-term and long-term actions essential for growth. To thrive, it's crucial to strike a balance between seeking immediate benefits and identifying actions that, while lacking immediate rewards, are vital for sustained development. This dual approach encourages individuals to ask how they can gain more in the present while also considering what investments will yield future returns. By optimizing for both time frames, individuals can create a strategic framework that fosters continual growth and success.

Intro

4min

Winning Long-Term: The Power of Relationships

6min

The Value of Building Options Through Relationships and Trust

3min

Maximizing Long-Term Success: The Balance Between Skill Development and Relationships

5min

Balancing Time Horizons in Decision-Making

18min

David speaks with Luca Dellana, an author, business consultant, and lecturer who helps companies increase their revenue through better people and risk management. Luca has been featured at Nudgestock, the largest behavioural sciences conference, as well as on Econtalk, among other platforms. More than 25,000 people around the world read Luca regularly. He’s the author of over ten books, with his latest being Winning Long-Term Games: Reproducible Success Strategies to Achieve Your Life Goals.

They talked about:

🎯 Why success is a long-term game

🤝 The value of investing in people

📉 The limits of compounding success

💪 The power of long-term commitment

⏳ The importance of strategic time management

⚖️ The impact of asymmetric risk on decision-making

Winning Long-Term Games | https://amzn.to/3OQuD9T

J.D. Vance | https://www.vance.senate.gov/about/

Babak Nivi | https://www.linkedin.com/in/bnivi

AngelList | https://www.angellist.com/

James Clear | https://jamesclear.com/about

Warren Buffett | https://en.wikipedia.org/wiki/Warren_Buffett

AG1 | https://drinkag1.com/

Nassim Taleb | https://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb

👤 Connect with Luca:

Twitter: https://twitter.com/DellAnnaLuca

Website: https://luca-dellanna.com/about/

Book: Winning Long-Term Games | https://amzn.to/3OQuD9T

👨🏾‍💻 About David Elikwu:

David Elikwu FRSA is a serial entrepreneur, strategist, and writer. David is the founder of The Knowledge, a platform helping people think deeper and work smarter.

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