#053 - Skin in the Game: Nassim Taleb (Incerto Series)

Learn from history's Greatest Minds — and find Timeless ideas you can apply to business and life. Every episode we explore a Lindy book: We strive to become polymaths like our investing and business icons, pulling the Big Ideas from a wide range of disciplines to help us become better investors and operators. For the curious-minded seeking Worldly Wisdom. Join 3,000+ others by subscribing @ rationalvc.com to get free access to essays and exclusive content. For the video version of this episode click here. Timestamps: (00:00) Intro (08:16) Core Concepts (12:10) Important Prologue One (29:10) Important Prologue Two (45:04) Prologue Three (49:42) A First Look at Agency (1:05:00) Ethics Problems in Scaling (1:09:00) The Minority Rule (1:29:40) Employment & FU Money, Freedom (1:47:26) Status, Manners & Competence (1:49:55) On Taking Risks (1:55:35) The Intellectual Yet Idiot (2:04:17) The Lindy Effect Recap (2:09:10) Deeper Into Agency (2:11:58) The Illusion of Business Plans (2:15:00) Charlie Munger, Show Rather Than Be (2:17:15) Financial Minimalism, Mimesis (2:24:22) Virtues & Advice for Young People (2:26:37) The Interventionistas (2:28:36) Religion, Belief, & SITG (2:31:10) Most Important, Book 8: Risk & Rationality (2:51:05) Epilogue — Our website (all essays and podcasts): rationalvc.com Our investment fund: rational.fund Cyrus' Twitter: x.com/CyrusYari Iman's Twitter: x.com/iman_olya — Referenced Material: Cyrus on "Financial Minimalism", Viral Essay: https://www.rationalvc.com/articles/minimalism Also listen to the prior three podcast episodes - each covered the other books of Taleb's Incerto Series. — Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s). #Timeless #wisdom #knowledge #books #polymaths