Top aphorisms from Bed of Procrustes, by @nntaleb
(Part 2/2):
13) The fool generalizes the particular, the nerd particularizes the general, some do both, and the wise do neither.
14) Mental clarity is the child of courage, not the other way around.
15) Your silence is only informational if you can speak skillfully.
16) Accept the rationality of time, never its fairness and morality.
17) To understand how something works, figure out how to break it.
18) The imagination of the genius vastly surpasses his intellect; the intellect of the fool vastly surpasses his imagination.
19) Those with brains and no balls become mathematicians, those with balls but no brains become the Mafia, those with no balls and no brains become economists.
20) Social science means inventing a certain brand of human we can understand.
21) The magnificent believe half of what he hears, and twice of what he says.
22) General principle of anti-fragility: It is much better to do things you cannot explain than explain things you cannot do.
23) An enemy who becomes a friend will stay a friend, a friend turned enemy will never become one.
24) Wisdom isn't about understanding things, it is about knowing what they can do to you.
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1) Content without context "feels" good but has no real benefit to neither the creator nor the consumer. This is where features like reels lobotomise educational/intellectual creators.
2) Platforms can loosely be split into content-focused, like Youtube, where the dopamine comes from the content, or the scroll-focussed, like Instagram, where dopamine comes from swiping through the feed of content variety.
3) Conveying intellectual content in an entertaining way is the mark of a genius mind, something that @thetanmay does wonderfully. It appeals to the masses and gets people funnelled through for the "smarter" content.
1) Timing to start entrepreneurship is not nearly as important as intent. If you start it for the wrong reasons, any time is "too early".
2) The value proposition of college is first and foremost signalling, indication of value to help companies make hiring decisions. Replacing college will require a new form of signalling, combined with a more efficient learning system.
3) Compounding follows a exponential curve of returns, and only the ones how make piece with the pennies initially, will get to make millions as the returns do the magic. Patience is key.
1) Specificity is a double-edged sword for a content creator. You have to share enough details, but not so much that it becomes unrelatable or un-understandable for the mass public.
2) Consuming "feel good" content that does not have any actionable value, is like "empty calories". You start consuming for the sake of consumption, rather than for the purpose of learning/growth.
3) All philosophies, Buddha, Gita, Vedas, etc have a consensus of hunger being the cause of suffering. It's the desire to pursue something that makes something worth pursuing, not the other way around.
1) The game is won not by people who make correct predictions of the future, but by the ones who act correctly once the future arrives. Execution and pattern recognition are key skills.
2) Pleasure hides things under the mirage, while painful scenarios like COVID exposes our insecurities, weaknesses and shortcomings by bringing them out into the open.
3) NFTs are today, what Facebook, YouTube and Twitter were in the early 2000s. Anything that has the potential to create social currency ends up being consumed by the masses since we all consume media to create a digital identity for ourselves.
1) Build "profi-cons", not unicorns, since bootstrapped companies being scaled with a promoter's money and yet being profitable are a rare sight.
2) Monetization takes a different route based on the nature of the market. In the west, markets are deeper and single products are scalable, while n the east, you scale your user with bundled products, and then build from there.
3) Platforms are very valuable but very hard to build. most people believe they are building platforms and marketplaces, but what they are actually building is a product.