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7 Powerful Lessons from the Book "Skin in the Game"

By Nassim Nicholas Taleb

| Thread

1. "You will never fully convince someone that they are wrong; only reality can.

To be precise, reality doesn’t care about winning arguments; survival is what matters."

2. "Focusing on just words put us at a dangerous path since we are much better at doing than understanding. Doers win by doing and not by convincing."

3. "Don’t take advice from people who don’t have skin in the game, i.e., be aware of the person who gives advice, telling you that a particular action is good for you and while it’s also good for him or her. While the harm directly affects you and not him."

4. "You don’t want to win an argument; you want to win whatever you’re after money, goals, convertible car."

5. "People hate uncertainty over mediocrity. For instance, you know what kind of food you will get at McDonald’s at a transit station compared to that Italian place that you have never heard of."

6. "Loss aversion: What matters isn’t what the person has or what he or she doesn’t have. What matters is what he is she is afraid of losing. More you have to lose, more fragile you are."

7. "Society doesn’t evolve by consensus, voting, committees, majority, conferences or polling; only a few people suffice to disproportionally move the needle.

All one need is an asymmetric rule somewhere, and someone with skin in the game."

Determination feeds FOCUS.
Determine your goal. Stay focused.

• make time for stillness
• master over your mind
• practice decision-making skills
Think like a scientist.
Work on technical.
Start reading 100 Mental Models:

https://t.co/QrIrAvRFwk

Thanks for reading. If you find this thread valuable follow me (@Strong_Mindd) for more content like this. And retweet the first tweet to share with others:

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7 Powerful Lessons from the Book "Skin in the Game"

By Nassim Nicholas Taleb

| Thread pic.twitter.com/7g66BNDsMc
— Book Quotes (@Strong_Mindd) April 22, 2022

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8 Powerful Quotes From The Book "Letters from a Stoic" by Seneca

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1. "If you live in harmony with nature you will never be poor; if you live according what others think, you will never be rich."

2. "Enjoy present pleasures in such a way as not to injure future ones."

3. "It is not the man who has too little that is poor, but the one who hankers after more."

4. "Associate with those who will make a better man of you."

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8 Insightful Lessons From the Book "10% Happier"

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1. "When you have one foot in the future and the other in the past, you piss on the present."

2. "There’s no point in being unhappy about things you can’t change, and no point being unhappy about things you can."

3. "There’s no point in being unhappy about things you can’t change, and no point being unhappy about things you can."

4. "Pursuit of happiness becomes the source of our unhappiness."

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@Strong_Mindd

7 Powerful Lessons from the Book "Skin in the Game"

By Nassim Nicholas Taleb

| Thread

1. "You will never fully convince someone that they are wrong; only reality can.

To be precise, reality doesn’t care about winning arguments; survival is what matters."

2. "Focusing on just words put us at a dangerous path since we are much better at doing than understanding. Doers win by doing and not by convincing."

3. "Don’t take advice from people who don’t have skin in the game, i.e., be aware of the person who gives advice, telling you that a particular action is good for you and while it’s also good for him or her. While the harm directly affects you and not him."

4. "You don’t want to win an argument; you want to win whatever you’re after money, goals, convertible car."

Book Quotes
@Strong_Mindd

8 Powerful Lessons from the book "Antifragile"

1. The book is about decision-making under uncertainty/volatility.

- EVERYTHING either benefits or is harmed by volatility
- The FRAGILE is harmed (think a glass)
- The ROBUST is unchanged (think The Phoenix)
- The ANTIFRAGILE gets better (think The Hydra)

2. Via Negativa:

Removing is superior to Adding

- Less can be More
- Don't add, subtract
- Eliminate the Artificial
- Eliminate the Unnatural
- Eliminate the Unnecessary
Apply these in all areas of your life.
When in doubt, SUBTRACT

3. Absence of evidence is NOT evidence of absence"

Just because...
- you can't see something doesn't mean it's not there
- something is unintelligible doesn't mean it's unintelligent
- you can't explain something doesn't mean it's not important

-->Have HUMILITY

4. If you have more than one reason to do something, just don’t do it.

It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something. Obvious decisions require no more than a single reason.

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15 Must Read Books That Will Change Your Life :

1. Atomic Habits

3. The Power Of Habit

4. The Psychology Of Money

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$Deep Develop \U0001f9ec$

Deep Develop 🧬...
@deep_develop

Here are some lessons I learned from reading this book:

Can't Hurt Me, by #DavidGoggins

Thread (1/10)

1. It doesn’t always go your way

Life won’t always go your way, so if you start thinking that it will, you’ll be disappointed and less effective

Instead of focusing on what you think you deserve, figure out what u want and be willing to pay the dues required to get it

2/10

2. The 40% rule

When your mind is telling you that you’re done, completely exhausted and not able to go any further, you’re only at about 40% of your potential

Keep fighting when you feel like you’re done, and that’s when you unlock the remaining 60% of your potential

3/10

3. No one is going to help you

Don’t wait for someone else to help you.

If it’s your dream, it’s on YOU. If you wait, you’ll be waiting until you’re on your deathbed if you don’t take action.

4/10

4. Callous your mind

When you’re ready to quit, stay the course. See how far you can go.

This will help you when things get tough. You’ll learn to work hard even when you don’t want to. That will pay off on your path.

5/10

Brian Feroldi
@BrianFeroldi

I asked, “What book do you re-read the most?”

I received 441 replies

Here are 20 books that should be read again and again:

1/

7 Habits of Highly Effective People

by Steven Covey

2/

A Short History of Nearly Everything

by Bill Bryson

3/

As A Man Thinketh

by James Allen

4/

Atomic Habits

by @JamesClear

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Wealth Director
@wealth_director

If you're into entrepreneurship, you should read:

1. The Art of War, by Sun Tzu
2. Meditations, by Marcus Aurelius
3. The Autobiography of Benjamin Franklin
4. The Art of Money Getting, by P. T. Barnum

Read for 1-2 hours a day and you'll be in the top 1% of society

Here's how:

Start reading 100 mental models

With the help of books, cards, maps, quotes, audiobook,... it will internalize mental models in your head in a way that you will use them automatically

+ It also includes the books mentioned above for free

Get your

Book Quotes
@Strong_Mindd

8 Powerful Quotes From The Book "Letters from a Stoic" by Seneca

Thread

1. "If you live in harmony with nature you will never be poor; if you live according what others think, you will never be rich."

2. "Enjoy present pleasures in such a way as not to injure future ones."

3. "It is not the man who has too little that is poor, but the one who hankers after more."

4. "Associate with those who will make a better man of you."

Max Koh
@heymaxkoh

2 weeks ago, I started reading "Fooled by Randomness" by Nassim Taleb.

WOW, It's been mindblowing!

Thanks to @dvassallo 's recommendation.

Inside, there's a part he talks about how to deal with volatility.

Here’s 6 big lessons that are useful in the current market crash:

Lesson #1:
Negative emotions of seeing your stocks drop > Positive emotion from seeing your stocks rise.

"A negative pang is not offset by a positive one...

Some psychologists estimate the negative effect for an average loss to be up to 2.5 the magnitude of a positive one)...

... At the end of every day the dentist will be emotionally drained.

If the unpleasurable minute is worse in reverse pleasure than the pleasurable minute is in pleasure terms, then the dentist incurs a large deficit when examining his performance at a high frequency."

Lesson #2:
When we zoom out and check the prices less frequently, we are less affected by negative emotions.

Because over a longer time horizon, the market tends to rise more than it goes down.

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@franciscodeasis https://t.co/OuQaBRFPu7
Unfortunately the "This work includes the identification of viral sequences in bat samples, and has resulted in the isolation of three bat SARS-related coronaviruses that are now used as reagents to test therapeutics and vaccines." were BEFORE the

chimeric infectious clone grants were there.https://t.co/DAArwFkz6v is in 2017, Rs4231.
https://t.co/UgXygDjYbW is in 2016, RsSHC014 and RsWIV16.
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P.D. somehow is able to use funds that he have yet recieved yet, and send results and sequences from late 2019 back in time into 2015,2013 and 2016!

https://t.co/4wC7k1Lh54 Ref 3: Why ALL your pangolin samples were PCR negative? to avoid deep sequencing and accidentally reveal Paguma Larvata and Oryctolagus Cuniculus?

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#DoYouKnow -The place where
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It is in Lalithambigai temple -Thirumeeyachur,Near Mayiladuthurai,TN

There is a Legend #story & it is related to this beautiful #sculpture of Kshetrapuraneswarar & Ambal Lalithambigai #Thread 👇

#Legend #story
It is believed that this is birth place of Kashyapa Maharishi’s sons, Arunan& Garudan. Arunan(charioteer of Surya)was physically handicapped.He was a Shiva devotee.Arunan wanted to visit Kailash to have Shiva Darshan,but Surya Dev denied permission.

So Arunan disguised as a girl & was on his way to Kailash.On the way Surya Dev saw this girl & outraged her modesty.Shiva was very angry with Suryan for misbehaviour & cursed him to get darkened. Whole world plunged into darkness.Surya Dev pleaded to Bhagwan Shiv to forgive him.

Shiva Bhagwan asked him to go to Thirumiyachur & worship him there. As advised, Surya Dev performed rigorous penance, placed murthi of Shiva& Parvathy on an elephant & took them to the clouds.Shiva in this temple is known as Meganathaswamy,Devi is known as Lalithambigai

Even after severe penance,Shiva does appear,so Surya Dev cries out in agony.Disturbed by his call, Parvathy protests.Siva pacifies her & offers relief to Surya Dev.The sculpture of Shiva pacifying Ambal shows her sullen from one angle &smiling from another.

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Catch me if you can @Mitesh_Engr

Time for a🧵
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In collaboration with @AdityaTodmal

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THREAD: 15 of the most useful razors and rules I've found.

Rules of thumb that simplify decisions.

Bezos' Razors:

• If unsure what action to take, let your 80-year-old self make it.

• If unsure who to work with, pick the person that has the best chances of breaking you out of a 3rd world prison.

Skinner's Law:

• If procrastinating on an item, you only have 2 options:

1. Make the pain of not doing it greater than the pain of doing it.

2. Make the pleasure of doing it greater than the pleasure of not doing it.

Luck Razor:

• If stuck with 2 equal options, pick the one that feels like it will produce the most luck later down the line.

I used this razor to go for drinks with a stranger rather than watch Netflix.

In hindsight, it was the highest ROI decision I've ever made.

Bragging Razor:

• If someone brags about their success or happiness, assume it’s half what they claim.

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The map is not the terrain.

$Anu Satheesh \U0001f1ee\U0001f1f3$

Anu Satheesh 🇮🇳...
@AnuSatheesh5

Nanganallur Anjaneya Temple
#Chennai
#Tamilnadutemples 🚩

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Anjaneyar here is 👇

Sri Vishwaroopa Aadhivyathihara Baktha Anjaneya Swamy.

Sthala Puranam says that, this is the place where Indra Deva hit Hanuman on the cheek by his Vajrastram. Sri Raghavendra Swami and Sri Kanchi Paramacharyar were behind in building this temple. Temple is constructed to

Realize power of Anjaneyar who is seen both in Ramayana and Mahabharatha.
Vadamalai is important offering to Anjaneyar here. It is believed that vigraham contain powers to heal any disease. Shri Ramanavami is celebrated here.

Jai Sri Ram
Jai Hanuman
🙏🕉🙏