Another one bites the dust
Another one bites the dust
Nassim Nicholas Taleb is an incredible intellectual.
A Lebanese born options trader, went on to become a professor and is also an amazing author of several entertaining and insightful 📚 centred around uncertainty.
Idiosyncratic, refreshing and honest.
One of my favourite 💡 of his is the idea of antifragile.
Simply put, it's not something that just is resilient to or merely able to withstand disorder or chaos but on the contrary benefits from it and becomes better from it.
Imagine how being antifragile can help us in various walks of life, be it career, health, finance or just in terms of thinking and becoming a better human being.
Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure , risk, and uncertainty. Yet, in spite of the ubiquity of the phenomenon, there is no word for the exact opposite of fragile. Let us call it antifragile.
Here’s Nassim explaining antifragile to us mortals. Be sure to check it out refine your world view.
And as Lex rightly pointed out in his opening remarks, Elon is someone who has given hope back to humanity in a bunch of different ways. Even more so in these tough times.
I also noticed that, Elon has a few key ideas that he often talks about in most of these enriching conversations.
Attempting to take a quick look at some of them in here.
Simply means, in powers of 10. An order of magnitude is 10X times and two orders of magnitude is 100X and so on...
Elon says, a new product or service has to be much better, by orders of magnitude for the consumer to switch from incumbents or its not enough incentive to switch.
All things considered. Most things in life are neither completely good nor bad. There are shades of gray to almost everything.
One needs to decide how much gray one is okay with to take action or make decisions.
Musk's individual carbon emissions might be higher than most ordinary individuals but his contribution to sustainable energy future more than offsets for this on balance.
This is how he says, a friend of his describes starting a company feels like.
Elon's advice was, “If you need inspiring words don't do it.”
This is about looking at the extremes. From the atom to the universe lets say. Do things behave or work out differently in very small numbers or very large ones?
Also, things like when a product is manufactured in large numbers does it cost less due to economies of scale etc.
Interestingly, he said a Govt. is a corporation in the limit with a monopoly on violence.
Elon surely is uniquely qualified than most of us to talk about money being the richest man and all that. Also because of his work with PayPal.
Money is not valuable in and of itself. It serves as a means to allocate labor.
Its an entry in a database, with mainframes that run COBOL and central banks having editing permissions to the DB.
Area under the Curve = ∫ab f(x)dx
Elon's life and work is classic example of the utility optimization function going full throttle.
If one can create a product or service that brings happiness or improves the quality of life of a large number of people in some small way or has a huge positive impact on a small number of people, its success is highly probable.
In the long run, the survival and then growth of a company is determined primarily by its rate of innovation.
This is important even for our individual careers, the degree to which we stay relevant is determined by the extent of our learning, unlearning and relearning.
Elon is known to correctly identify and relentlessly pursue fundamental breakthroughs in his chosen areas.
When it comes creating a self-sustaining civilization on mars, the key was to have fully and rapidly reusable rockets.
When it comes to autonomous cars it was solving for computer vision and so on.