#194: 4 Ways Nassim Taleb’s Ideas Will Give You An Edge

Episode #194 of the With Joe Wehbe Podcast wraps up the series on Nassim Taleb (181-194).

Don’t be overwhelmed — fine to go over it, I spent a month studying his book and I still had to leave stuff out of this mini-series!

1. Big takeaway, think like an investor, not an academic. Risk-taking is more important than knowledge, will help you learn more, life is random and people overestimate their control and try to sound smart by making all sorts of predictions. No one knows anyting on a specific level, but we can be sure of overarching things — if you have good principles you do well. Investors also are more about their judgement (remember the Green Lumber Fallacy)
2. Everyone should be entrepreneurial, but not everyone should be an entrepreneur
3. You’re taught things because they’re easy not because they’re the best things to learn, you go with the current of society because it’s easier than creating your own path, you go with the predictions of the interventionists because it’s easier than standing up for what you believe in and having your own opinion.
4. There are a lot of things that can make up for a ‘lack of intelligence’

Coming Up

• Series on Peter Thiel, Then Alan Watts and Naval Ravikant

Check out the summaries on the Taleb episodes below at the Doorman!

https://thedoorman.substack.com/p/5-reasons-risk-taking-is-more-important

https://thedoorman.substack.com/p/how-can-idiots-beat-experts-5-ways