3min snip

The Tim Ferriss Show cover image

#691: Nassim N. Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

The Tim Ferriss Show

NOTE

Ordinary People Should Focus on Their Business

Ordinary people should focus on their own businesses and not get involved in risky financial ventures like derivative contracts or investing in early-stage startups. Instead, they should leave those activities to the experts and use their money to preserve. Just like a dentist should focus on dentistry, not trading gold, people should stick to what they know best and avoid getting into areas they have no knowledge about.

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