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  • Опубліковано 21 вер 2024
  • Fireside Chat: Nassim Nicholas Taleb & Naval Ravikant
    www.goBLOCKCON.com
    Join the conversation: www.t.me/BLOCKCON

КОМЕНТАРІ • 327

  • @sandwichtaster
    @sandwichtaster 6 років тому +481

    Taleb is not a great public speaker but legitimately one of the most important luminaries of our time. Naval wasn't kidding when he said Nassim's books will still be read in a thousand years.

    • @chumbucket66
      @chumbucket66 5 років тому +60

      I don't get why people keep repeating that Taleb is not a great speaker. He speaks clearly and naturally, he breaks down deep understanding in an accessible way, he's extremely quick on his feet. That puts him miles above the average speaker. Do you expect fireworks to go off or something?

    • @swatisquantum
      @swatisquantum 5 років тому +3

      Taleb is sharing wisdom in front of an audience lol. The proof is in the pudding.

    • @johnanderson2654
      @johnanderson2654 5 років тому +3

      Food Eater...Would you speak great in French?

    • @raymeester7883
      @raymeester7883 5 років тому +8

      @@chumbucket66 He's not a great speaker. He has some faults in speech delivery and oration but that is really insignificant compared to the vast wisdom and information he gives.

    • @rag98709
      @rag98709 5 років тому +1

      @@chumbucket66 Exactly. He's not so bad people! Listen to what he is saying... he's deep.

  • @JanneWolterbeek
    @JanneWolterbeek 6 років тому +208

    Nassim Nicholas Taleb & Naval Ravikant together on stage! I am well prepared to lose an hour of sleep to watch this.

    • @SimplyAndy
      @SimplyAndy 3 роки тому

      Haha likewise

    • @steamerSama
      @steamerSama 3 роки тому +4

      Wow, I already did, when I should have been working overnight.

  • @EntwinedGraces
    @EntwinedGraces 6 років тому +320

    Naval is lavender in human form

    • @emrico
      @emrico 6 років тому +7

      Entwined Graces brilliant

    • @Bitcoin-gj8vn
      @Bitcoin-gj8vn 6 років тому +3

      He makes a good point here, regarding Equality of Outcome vs Equality of Opportunity
      ua-cam.com/video/Da0aXfshlxM/v-deo.html

    • @TomLisankie
      @TomLisankie 6 років тому +5

      This is the truest thing I’ve ever read.

    • @Ashwekar
      @Ashwekar 6 років тому +2

      creates a calming influence?

    • @swatisquantum
      @swatisquantum 5 років тому +1

      😂

  • @yumorules
    @yumorules 6 років тому +198

    His comments on Paul Krugman being useless at predicting anything were spot on.

    • @amosnkonyeni4923
      @amosnkonyeni4923 4 роки тому +12

      I had this assertion from first year in university in 2009 but no one believed me and said I was just an idiot.

    • @hieroglyph321
      @hieroglyph321 3 роки тому +2

      @@amosnkonyeni4923 If you assert it completely, then you are an idiot. Not many things are completely true or completely false.

  • @ni5hu
    @ni5hu 5 років тому +242

    33:26: Don't join any NGO
    _some people start clapping_
    33:28: Start a business and fail
    _silence in the room, Taleb smiling._

    • @TheSpecialJ11
      @TheSpecialJ11 3 роки тому +9

      I would agree with Taleb here 100% if the business world wasn't so uncompetitive in places. Large corporations have lobbied for government policy and actions that kill competition. Only revolutionary startups have a real shot anymore because they literally change the fundamentals of an industry or create a new one. No ma and pa grocery store has a shot in most cities anymore, even if their business practices would survive the next recession and Walmart's won't. In theory Walmart should fail and free up market space for the ma and pa store, but it's "too big to fail". I say too big to exist. Small and medium enterprises are the bread and butter of an antifragile market. But I wouldn't dare start one in an established industry when I'm guaranteed failure regardless of what I do because of the market structure. The whole point is to start a business and get culled for merit reasons, and to keep doing this until you have a successful one. This improves the "genetic code" of the economy. But successful businesses are stamped out by the big market players. I honestly believe this is the real success of postwar West Germany. Their economy remains competitive because of government policy designed to keep it competitive. Small and medium enterprises are 3/5 of their employment for a reason.

    • @Hypnusrecords
      @Hypnusrecords 3 роки тому +1

      Best comment, haha.

    • @sl7sos
      @sl7sos 3 роки тому

      It was stupid to say

    • @5Gazto
      @5Gazto 2 роки тому +1

      They are egocentric cynics.

  • @imzan3650
    @imzan3650 5 років тому +35

    Before watching, This has to be one of the best combinations of people in a stage.

  • @eliwhittle1202
    @eliwhittle1202 5 років тому +89

    Taleb lives what he says. He is the ultimate practitioner & intellectual. His ideas are truly profound.

    • @Mert-pd2ht
      @Mert-pd2ht 4 роки тому +2

      Comment of the year

    • @josiahk
      @josiahk 3 роки тому +1

      Practitioner is an amazing way to describe nassim

    • @yington
      @yington 20 днів тому

      @@Mert-pd2ht
      Which comment

  • @RJ3220
    @RJ3220 5 років тому +13

    My hero. He crystallizes everything I've seen and been thinking for years. I totally agree with his view that academics have no skin in the game from first hand experience, that's in physics. God knows what it's like in other fields.

    • @udaypsaroj
      @udaypsaroj 4 роки тому +2

      Physics- like can you elaborate? I'm curious!

    • @AJewFR0
      @AJewFR0 2 роки тому +2

      @@udaypsaroj Take string theory for instance, people have failed for 30 years in the research of it, yet it’s still the main area in research for new post docs. It’s because there is no skin in the game. They get the grants and have receive no negative feedback for failure.

  • @mirzacandrei5143
    @mirzacandrei5143 5 років тому +35

    It's great to see these guys on the same stage, but I did expect more interaction and deep talk between them. You can actually notice that Taleb didn't even try to engage in conversation with Naval which deserved much more respect. I still worth to read his book 'Skin In The Game' but don't expect a lot from this talk.

  • @TheRealScurred
    @TheRealScurred 6 років тому +47

    "The more uncertainty there is, the more we know how to act."

    • @joskxy
      @joskxy Місяць тому

      i didnt quite get it. the more uncertainity there is, the less we should avoid it and not act on it?

  • @bernardlunn6842
    @bernardlunn6842 5 років тому +15

    two of my favorite thinkers on one panel!

  • @MrDeshaunWilkins
    @MrDeshaunWilkins 6 років тому +141

    It seems the organisers told Nassim this is gonna be a book lecture and suddenly Naval was sitting next to him :)

    • @kevinjoseph517
      @kevinjoseph517 5 років тому

      IM a few minutes in and this is a bore. 'games in latin' blabla

    • @oantimido
      @oantimido 3 роки тому +3

      Pretty much. NNT was palpably uncomfortable at the start. They are not best friends or anything but in good terms.

  • @praveenrai6965
    @praveenrai6965 6 років тому +118

    I keep reading his books (for more than a decade now), just to stay grounded in the version of reality that has stood the test of time every time I see/listen to a haughty "expert" or a virtue-signaling journo, or an academic with multiple peer-reviewed papers who foolishly tries to "educate" real-world practitioners or all those modern "rationalists" who decry the wisdom passed on by ancient traditions that have survived millennia (Lindy effect). Only then I am at peace. Taleb is a must read if you want to navigate this complex world better and avoid BS vendors you encounter in every sphere of public life.

    • @jabriyacoop
      @jabriyacoop 6 років тому +4

      Well said Praveen

    • @JimIngramDC
      @JimIngramDC 5 років тому

      Taleb doesn't answer the question in his advice to 'go start a business' as the only 'virtuous pursuit' who is to work in areas that the 'market' and 'risk-takers' don't inhabit...police, climate change science, governance, creation, interpretation, enforcement of contracts, national defense, education health

    • @julsius
      @julsius 4 роки тому +1

      rationality has more lindy effect and has stood the test of time longer than any other ancient tradition. its got us to where we are today. other ancient traditions (religions and the like) are rough encodings of ancient rationales. someone got bitten by a snake and died? avoid that snake. that colour berry is poisonous. avoid it. that is rationality. religions are cheap encodings that error like games of chinese whispers. they do sometimes contain useful rationales / wisdoms, but nothing that cant be encoded without the dogma.

    • @lesterroberts1628
      @lesterroberts1628 4 роки тому

      ​@@JimIngramDC ikr. I'm guessing that a those considering work in the job market are not simultaneously considering going to law school to learn the loopholes of capitalism. Therefore, the advice to go start a business is probably directed at a small audience

    • @ephi124
      @ephi124 3 роки тому

      Exactly!!!

  • @mangeshpuranik31
    @mangeshpuranik31 2 роки тому +3

    It’s surreal to see Nassim Taleb not having strong opinions about Bitcoin. Great discussion :)

  • @harryheart6018
    @harryheart6018 5 років тому +26

    Reading NNT, saw Naval just a week ago on JRE and am invested/ing into BTC. Stars aligning perfectly!

    • @vimalcurio
      @vimalcurio Рік тому

      How do you feel about that now lol

    • @harryheart6018
      @harryheart6018 Рік тому

      @@vimalcurio All in! :) Naval is a scammer though, and NNT is a huckster. ;)

    • @vimalcurio
      @vimalcurio Рік тому

      @@harryheart6018 naval is an entrepreneur not a scammer.

    • @mattpras
      @mattpras Місяць тому

      @@harryheart6018 did you really come to believe that or are you being sarcastic?

  • @amosnkonyeni4923
    @amosnkonyeni4923 4 роки тому +5

    I cannot get enough of this hey! Two philosophers in one room!

  • @thedananti
    @thedananti 5 років тому +11

    This is the best interview with Taleb ever, a real gem.

  • @claudiaarganaraz1708
    @claudiaarganaraz1708 5 років тому +7

    Great to hear these two men discussing the Incerto's ideas. Thanks Nassim, you have already explained the main idea of Skin in th Game. I just bought the book, and I've read about 60 pages, and now, after hearing you, I feel like I already read the whole book!!

  • @gd9259
    @gd9259 4 роки тому +9

    Naval is so used to being the expert. The best Nassim interviewer would just keep the crowd engaged so Nassim could keep talking.

  • @SandeepNavghane
    @SandeepNavghane 6 років тому +37

    HIGHLIGHTS
    4:15
    NNT: On Ludic Fallacy
    5:16
    NNT: The Expert Problem
    8:59
    NNT: "Businesses where you're judged by your peers, will eventually rot."
    9:40
    NNT: "When a firm becomes very large, it cannot associate a p&l, attribute it directly to a certain person."
    11:13
    NNT: On journalism, IYIs and Paul Krugman
    12:42
    NR: "There's no point in bullshitting financial assets cause you can just go short it."
    15:04
    NNT: On The Code of Hammurabi
    16:40
    NNT: On the Bob Rubin Trade
    Watched till 22:00

    • @anchitbajpai6213
      @anchitbajpai6213 3 роки тому

      Thanks for this man. Super helpful.

    • @anchitbajpai6213
      @anchitbajpai6213 3 роки тому

      23:20
      NNT : Distribution of loss.
      25:40
      NNT : Historical reference to risk accommodation by leaders.
      29:15
      NNT : Harvian Signalling.
      30:30
      NNT : On Christ not being god because of not having skin in a game.
      33:25
      NNT : on entrepreneurship and not joining NGO.
      35:00
      NNT : Social mobility and inequality, difference between statistic and dynamic inequality.
      36:56
      NNT : Society recognises risk takers.
      37:05
      NR : difference between equality of outcome and equality of opportunity.
      38:11
      NNT : chances of S&P 500 company life being 11 years from 60.
      38:40
      NNT: On Green Lumber fallacy, paradox of being an expert.
      41:10
      NNT: Perception bias.
      42:45
      NR: startup selection and perception bias.
      47:40
      NNT: Asymmetrical opportunities.
      50:20
      NNT: Trial and error.
      52:15
      NNT: on Paul Krugman.
      53:40
      NNT : on Lindy Effect.
      1:00:20
      NNT and NR: on Minority Rule.
      1:06:33
      NR: uncompromising radicals.
      1:12:25
      NNT: on Black Swan.
      1:14:30
      NNT: on Hergadicity.
      1:17:24
      NR: Loss Aversion

  • @bon12121
    @bon12121 5 років тому +34

    Naval: "Jews run the world... ... Do not quote me on that"
    Nassim: "You're being filmed!"

    • @bon12121
      @bon12121 5 років тому +7

      Naval: "If you're willing to tolerate intolerance than you've got to live with the consequences"

  • @hinglishtrader
    @hinglishtrader 3 роки тому +22

    Conversation starts at 43:20 with the introduction. Thank me later 🙏

    • @quasa0
      @quasa0 Рік тому +1

      wtf? the first 40 minutes were amazing

    • @quasa0
      @quasa0 Рік тому +1

      i actually learned stuff

  • @beingamo4
    @beingamo4 6 років тому +79

    Fat Tony in prime form

  • @swatisquantum
    @swatisquantum 5 років тому +19

    Came for @Naval, stayed for “symmetric contract skin-in-the-game wisdom” 👍🏽👍🏽👍🏽

  • @ThePublicPunisher
    @ThePublicPunisher 4 роки тому +6

    Skin in the game, a simple and really oooold concept, that good parents, grandpas and Taleb would recall to any family member to assess the risk of any subject or decision in life.

  • @LearningProducers
    @LearningProducers 4 місяці тому

    This is one of the best discussions I’ve ever seen on UA-cam 😎 The part where they talked about Kosher was freakin hilarious 😂

  • @kolloh
    @kolloh 2 роки тому +1

    Always a pleasure listen to this great minds

  • @WSBWallstreetBets
    @WSBWallstreetBets 6 років тому +70

    There wasn't a real discourse here. It was mainly Nassim talking, I was hoping to hear a balanced discussion between the two. I'm glad they came together regardless though.

    • @roland2520
      @roland2520 5 років тому +8

      you don't argue with NNT ;-)

    • @mfundodlamini8544
      @mfundodlamini8544 3 роки тому

      I felt the same way too......like Nassim keeps dorminating like this was an intelectually battle field...not judging thats how I feel....still good to listen and watch

  • @oantimido
    @oantimido 3 роки тому +25

    43:51 -> I am, Naval. =D

  • @ac695
    @ac695 4 роки тому +10

    Greatest crossover in history.

  • @TheEtrepreneur
    @TheEtrepreneur 5 років тому +16

    Naval Ravikant literally looks like Yoda.

  • @CollinsIheagwara
    @CollinsIheagwara 6 років тому +7

    I’m glad I spent time watching this. It is so refreshing to listen to two of the finest minds. Can we have this as a podcast please ? I would definitely want to listen to this again

  • @eduardoPicazzo
    @eduardoPicazzo 29 днів тому

    It’s a struggle to understand this guy. But an absolute gem.

  • @rahulkakkarscience
    @rahulkakkarscience Рік тому +6

    32:49 - Build businesses and fail. You need to fail. It's more honorable to fail than be who never tried.
    48:00 - Options
    48:10 - How to do well in long run
    50:30 - Trial and error will always outperform iq or design
    51:22 - Symmetry - Concave(fragile) and convex(antifragile)
    1:00:49 - In a complex system, at different scales/sizes(organic bodies) things behave differently i.e a collection of individuals don't behave as individuals, but as a different animal. Eg. children
    1:03:14 - Minority Rule
    1:13:08 - Science is not about proving but about disapproving
    1:17:15 - Seeing things dynamically(in sequence) not statically
    1:19:17 - How to take risks. Simple, take all the risks you can just make sure you can show up the next day.
    1:21:10 - summary

  • @Xdrakemanx
    @Xdrakemanx 6 років тому +9

    real recognize real

  • @haskellcameron
    @haskellcameron 2 місяці тому +1

    45:15 "I derive a huge amount of pleasure from Twitter fights" 🤣😭

  • @byzantinegold
    @byzantinegold 4 роки тому +14

    This is a weird talk, are they having a conversation or is Nassim explaining his book?

  • @5Gazto
    @5Gazto 2 роки тому +5

    It is unbelievable how I have always thought in the same way the Nassim Taleb but I use different vocabulary, terms and ways of explaining the same concepts. For example, for IYI (Intellectual Yet Idiot) I have the term Sophisticated Idiot. For Convexity function I say, well, trial and error where mistakes do not cause permanent hamr or death, I also use the engineering term "test bed", where mistakes are encouraged in a debug mode ( not release mode). For Hamurabi's symetric punishment, I have always realized that people with low morality will only do what's right for society if they themselves are harmed if they er or if they do risky stuff, AKA quid pro quo. For fat tail events we have paranoia, for lack of focus on theory we have tinkering and so on.

  • @TheRealScurred
    @TheRealScurred 6 років тому +10

    Love Taleb. He's awesome

  • @deenzmartin6695
    @deenzmartin6695 3 роки тому +1

    these individuals are legendary

  • @h.l.hackney4237
    @h.l.hackney4237 3 роки тому +1

    Nassim's description of Friedman and Krugman is spot on!

  • @raj32613261
    @raj32613261 6 років тому +39

    If anyone came over to expect an engaging discussion like myself best go elsewhere. Two incredibly smart guys spending an hour plus of their time promoting Taleb’s books. If you’ve read them, don’t stick around. If you haven’t just read them, they’re very important and well written, and well worth the investment. Taleb is a great writer. His public speaking doesn’t do him justice. Go read his stuff instead.

    • @benyaminewanganyahu
      @benyaminewanganyahu 5 років тому

      But this talk is 1 hour 24 mins whereas the book would take me at least a few hours to read. Still recommend the books? Every non-fiction book I've ever read can be condensed into a few pages and then it's up to you to start thinking about it.

    • @flitzgerald7984
      @flitzgerald7984 5 років тому +2

      @@benyaminewanganyahu In the words of Taleb, " The only possible summary of the Incerto can be the Incerto" ofcourse I'm paraphrasing.

    • @benyaminewanganyahu
      @benyaminewanganyahu 5 років тому

      @@flitzgerald7984 That's great if it's true and I'll read it (six months after my first comment!), but I read many reviews saying that he gives many examples and ramblings which reinforce his point but which are actually redundant.

    • @plsegott
      @plsegott 5 років тому +1

      @@benyaminewanganyahu dont read reviews lol. just go and read the book. he is one of the few thinkers today that are worth reading.

    • @eagiz
      @eagiz 5 років тому +2

      ​@@benyaminewanganyahu A redundant example for person A could very well be the reason why person B will understand the idea being presented. I'd say that it is a bit ignorant by those reviewers to dismiss the books simply because they themselves could grasp and remember the idea without the need of so called "redundant" examples. But Nassim could of course typeface the examples so that "quick absorbents of information" could skip them more easily.

  • @ycnexu
    @ycnexu 5 років тому +2

    Who needs marvel/dc superheroes when we have Taleb?

  • @healthymealthy775
    @healthymealthy775 5 років тому +2

    I love Nassim Taleb! I think he's one of the greatest "intellectuals" of our time. He speaks about 10 languages, so you'll have to excuse his English. What's extraordinary about him is he thinks JUST like the late great Michael Crichton. Now I know why I like him so much.

  • @carloslope159
    @carloslope159 4 роки тому +7

    I have a friend who is annoying, arrogant nasty and smart. He is still a great friend and he is still all of those things and he sort of knows it. Naval here is me through life with this friend trying to be a good sport and accepting that my friend is kinda totally self-centered.

    • @ItachiUchiha-ub2iu
      @ItachiUchiha-ub2iu Рік тому

      Haha

    • @eduardoPicazzo
      @eduardoPicazzo 29 днів тому

      I understand this comment. But you see it that way cause truth doesn’t flatter nor sell.
      Naval here shuts up cause he knows the tremendous value being conveyed by the one who created it.
      He doesn’t accept it, he steps back and promotes it, because it’s his place in this context.

  • @perfexcellence
    @perfexcellence 6 років тому +1

    Brilliantly refreshing!

  • @arielle_australia
    @arielle_australia 3 роки тому +2

    I want to like Taleb, but I can't shake the "fake guru" vibe every time I hear him talk. A man who criticises everyone needs to be more comfortable in his own skin.

  • @harleywoolford5247
    @harleywoolford5247 5 років тому +12

    Krugman said stock market would fall after Trump was elected. His predictions are often wack yet he always mocks anyone that disagrees with him

  • @sommi888
    @sommi888 5 років тому

    💙🧡💛💚 WE love you Nassim and Naval 💙🧡💛💚

  • @usamash
    @usamash 3 роки тому

    the way they sit is amazing too.

  • @HAHA-ix9vx
    @HAHA-ix9vx 3 роки тому +3

    5:33 in theory there is no difference between theory and practice, but in practice there is difference

  • @egoboy
    @egoboy 2 місяці тому

    Can't believe i only discovered this in 2024. I feel like a Barbarian

  • @imadmoujahid3431
    @imadmoujahid3431 8 місяців тому

    the great Nassim is not angry, it's just people hate him,because he is so good.

  • @vx7678
    @vx7678 6 років тому +7

    This man is a living legend

    • @raymeester7883
      @raymeester7883 5 років тому

      Obviously.

    • @RR-et6zp
      @RR-et6zp 2 роки тому +2

      why? isn't everything he says common sense?

  • @yushaos
    @yushaos 4 роки тому

    well worth watching it again in 2020.

  • @oantimido
    @oantimido 3 роки тому +29

    Taleb has his flaws and all, but by his uncomfortable speech at start I get a serious feeling that they told him about sharing stage with naval 5 minutes prior. Compare with his talk on the same subject (his book ) at Google.
    Also, when NNT told twitter he was bailing BTC Naval joined in to convince him to reconsider. So they seem to be on good terms.
    Event organizers often do this, and they should stop.

    • @PhilippeLarcher
      @PhilippeLarcher 3 роки тому +1

      Yeah why would he start with a talk w/ deck if it's scheduled as a "fireside chat"?

  • @MrTerrorFace
    @MrTerrorFace 3 роки тому +6

    31:40 "Any virtue that doesn't entail some kind of sacrifice or cost is not virtue." When Taleb goes on explaining that virtue signalling where it's showing how virtuous you are that doesn't involve any costs or risk taking. AKA fake virtue. That's brilliant.

    • @fosatech
      @fosatech Рік тому

      Which is absolutely true, but saying that about Christ shows that he doesn't really understand the nature of *why* he came to earth. He had more skin in the game than an human ever could.

  • @juanmoraleschavez6962
    @juanmoraleschavez6962 3 роки тому +1

    I love this class

  • @contrastprinciple4389
    @contrastprinciple4389 5 років тому +2

    Loves me some Nassim. His twitter feed is pretty awesome too.

  • @tonyc_1
    @tonyc_1 6 років тому +9

    taleb not above giving hearty applause -- at 18:50, he didn't seem to know that the bitcoin genesis block mentioned the '2008 bank bailouts' as a reason for creating btc.

    • @tdreamgmail
      @tdreamgmail 6 років тому +4

      He knows skin in the game when he sees it. Glad he recognised it and responded in kind because it's very hard to impress Nassim Taleb!

    • @user-wv5tp1qe8i
      @user-wv5tp1qe8i 6 років тому

      January 1 2009 I believe

    • @vimalcurio
      @vimalcurio Рік тому

      ​@@tdreamgmailhe hates bitcoin now tho

  • @tictoc5443
    @tictoc5443 22 дні тому

    Great thinker

  • @ssamiuddin1
    @ssamiuddin1 3 роки тому +2

    Two of my favourite thinkers alive :)

    • @RR-et6zp
      @RR-et6zp 2 роки тому

      why? isn't everything he says common sense?

  • @avinashprasadfilms
    @avinashprasadfilms 3 роки тому +4

    What happened at 18:50 ? 😂 Is he mocking Naval?

  • @Leebrucehe
    @Leebrucehe 3 роки тому +2

    When will Naval start speaking?

  • @JosephDietz
    @JosephDietz 4 роки тому +1

    Love some of Nassim's ideas. He was a trader. Let us evaluate his work for a moment. As a trader, he would most likely be trading with others money. If he had failed, he would have lost his job while investors would have lost capital. In many ways we are all supported by a social fabric. My loss is yours. The question is do the entrepreneurs contribution outweigh losses. Many are rent seekers but they could also be investors taking on risk.

  • @mirko1989
    @mirko1989 6 років тому +4

    - brutaly briliant

  • @MarcPfeiffer
    @MarcPfeiffer 4 роки тому

    You need concrete experiences to connect conceptual theories to. Reading a theory book from someone who has not played the game is risky. You need a framework for continuously testing and iterating and learning form those iterations to try new things for real true learning. A framework to differentiate what works from what doesn't. Great talk

  • @golgothan
    @golgothan 3 роки тому +1

    Love Naval, but some of what Nassim said and his dismissiveness rubs me the wrong way, and I thought I could feel Naval cringe at times.
    But, near the end, I liked what Nassim said about the memory/knowledge of built into older generations.

  • @navedrizv
    @navedrizv 3 роки тому +1

    Came here for Naval, No luck.

  • @rodgeraarons8997
    @rodgeraarons8997 4 роки тому +1

    Let Naval speak

  • @Hypnusrecords
    @Hypnusrecords 3 роки тому

    "Anyone capable of writing a business plan, you don't want to invest in them."

  • @lightninginmyhands4878
    @lightninginmyhands4878 4 роки тому +9

    34:23 - classic.
    Cameraman cuts to audience when Trump is brought up

  • @ouriel
    @ouriel 6 років тому +20

    Where is the conversation here?

  • @nicholasscholten4838
    @nicholasscholten4838 5 років тому +5

    Skin in the game is on audible which is great on a road trip

  • @hardy2175
    @hardy2175 3 роки тому +2

    This is the first time I have been disappointed in Naval , all he does is plug bitcoin.
    Every thing comes to that.

    • @khairulimran1269
      @khairulimran1269 3 роки тому +2

      He tried to balance Nassim who didn't relate anything about bitcoin and only presented his books. This is blockchain conference, you have to know your audiences when you speak to catch attention bro

    • @plyocoach8806
      @plyocoach8806 3 роки тому +1

      This is "BLOCK CON" though...

  • @kyosefgofa
    @kyosefgofa 2 роки тому

    These are bookmarks for myself
    8:00 -ish do not be judged by peers. It is because it is usually disconnected by reality. Focus on impressing people on the outside of your industry

  • @Achrononmaster
    @Achrononmaster 4 роки тому +6

    Taleb is deliciously ouroboric. He has himself a fat tail: brilliant in 99% of what he thinks, but the 1% he gets wrong is really wrong! Two examples: (1) in macroeconomics, indeed most "experts" are idiots, but yet Taleb utterly fails to comprehend the purely logical model-independent aspects of monetary operations (bailing out the banks did not use a single dime of "tax payer" money, it was a straight asset swap). (2) with the Golden Rule, the inverse form is indeed to be preferred most of the time, but when you really need it you'll be dead if a stranger fails to follow the Golden Rule to help you. I boil it down (again nicely recursively) to the fact what Taleb gets badly (dangerously) wrong is mostly the stuff for which he has no skin in the game. So long as you appreciate this, his writing and thinking is just marvellous to feast on.
    By the way, we'll see with bitcoin, Taleb is probably missing the Gray Rhino that's pretty evident for the future of Bitcoin. Bitcoin does have ponzi elements (like any tradeable commodity whose price grossly exceeds it's intrinsic value) since it is not backed by anything (no trusted authority promises to redeem Bitcoin for anything! ...whereas US dollars are backed by tax liabilities, the US gov promise that US$ and only US$ will redeem your taxes). So while the US dollar could collapse if the USA as a government collapses (which might not be a Black Swan, but if it did collapse before Bitcoin it would be surprising), while bitcoin could utterly collapse overnight at the whim of a critical mass of people moving to a superior cryptocurrency payments system that had full privacy and no wasteful heat emissions used to mine and ledger it.
    You folks want Bitcoin to stick around? Then you'd better find a rock solid trusted authority which will promise to always redeem bitcoins. Good luck with that!

    • @udaypsaroj
      @udaypsaroj 4 роки тому

      Some more, please!

    • @kiteenglish7949
      @kiteenglish7949 2 роки тому

      Bailing out the banks causes inflation-which costs tax payers money.

  • @adhithyaravindra7580
    @adhithyaravindra7580 2 роки тому +1

    Is that Robert Breedlove with the MacBook in the crowd?

  • @aniljagruth7664
    @aniljagruth7664 5 місяців тому

    Great to hear,can u tell the sequence of reading his 5books

  • @Whitespike77
    @Whitespike77 3 роки тому +2

    31:17 Jesus had skin in the game. Satan was convincing when he lied to Jesus about Him being separated from the Father for eternity to pay the price for a sinful fallen humanity. He had more skin in the game than any of his created beings.
    Other than that, I enjoy learning from Dr. Taleb.

  • @westcoastflaneur
    @westcoastflaneur 5 років тому +1

    lol @ 21:49 Naval's face says it all. but Taleb is devilishly nonchalant in his ways

  • @lukemakayabu4369
    @lukemakayabu4369 4 роки тому +1

    Interesting how Taleb doesn't comment on Bitcoin

  • @jstanley011
    @jstanley011 5 років тому

    Just because I'm paranoid doesn't mean they aren't out to get me.

  • @amranha_
    @amranha_ 2 роки тому

    Is that Robert Breedlove in audience? 35:30

  • @dustinneathery9492
    @dustinneathery9492 4 роки тому +3

    Disappointed. Was expecting a discourse between two great thinkers, and unfortunately nasim hogged the mic

  • @RajAdityaDas
    @RajAdityaDas 3 роки тому +1

    I understand Taleb is a celebrated intellectual figure but he can't get enough of himself.

    • @divyeshpatel4936
      @divyeshpatel4936 3 роки тому

      it doesn't matter

    • @medman195
      @medman195 Рік тому +1

      And Who isn't full of himself? Everyone is. Some just pretend. With Others, people often confuse humbleness with 'lack of courage to call a spade a spade'.
      'Pretend' humility is far worse.

  • @aksingh11
    @aksingh11 5 років тому +8

    watch at 0.75 speed

  • @AnyFactor
    @AnyFactor 3 роки тому +2

    17:40 classic Taleb. Usually, he will just not let other people talk but here he is throwing the dude who has been silent the whole time under the bus anyway.

  • @WillN2Go1
    @WillN2Go1 4 роки тому +4

    21:10 The negative Golden Rule. This is how the Hillel the Elder first expressed it: "What is hateful to you, do not do to your fellow: this is the whole Torah; the rest is the explanation; go and learn." - Shabbath folio:31a, Babylonian Talmud (source Wikipedia) In the New Testament it becomes a positive. Do to others what you want them to do to you. This is the meaning of the law of Moses and the teaching of the prophets. - Matthew 7:12 "And as ye would that men should do to you, do ye also to them likewise.- Luke 6:31 " This is from Wikipedia and I hope from someone who's read as close to original sources, etc.... Jesus however, being a good Jewish man, same sect as Hillel, probably expressed this concept more like Hillel and Nassim the Elder. Jesus of course only appears in the New Testament which was written by others, indicating to me that the Apostles were less like Jesus and more....academic? bureaucratic? "Second Council of Nicea"? sure sounds like it was announced with a company wide memo.

  • @AKPrashant
    @AKPrashant 3 роки тому

    @1:15:43 Who is the Nobel laureate that Mr. Nassim Nicholas Taleb referring to in his monologue?

  • @Goldenpill
    @Goldenpill 6 років тому +2

    Such a brilliant mind!

  • @Malabarismo
    @Malabarismo 5 років тому +7

    that was quite nice to listen to
    I wonder if they know how to juggle...

  • @merc9nine
    @merc9nine 4 роки тому +1

    I love Nassim, but Naval should do his presentation for him and could do it in 6 minutes

  • @bhogal83
    @bhogal83 3 роки тому +1

    Naval is an intellectual giant. Shame Kanye wouldn't let him speak.

  • @yaghiyahbrenner8902
    @yaghiyahbrenner8902 6 років тому +5

    good talk but man it sounds like a one way conversation, naval is just a gentle giant, he shoots from the hip.

  • @dziugaschvoinikov4440
    @dziugaschvoinikov4440 Рік тому

    18:50 was this sarcasm from Nassim? It looked so funny to me how he said really really and then clapped fiercely.

  • @rahm5596
    @rahm5596 4 роки тому

    Amazing

  • @omarmahfouz5599
    @omarmahfouz5599 2 роки тому +1

    Evertyime Naval praises bitcoin Nassem suffers from the inside

  • @sourabhvora2164
    @sourabhvora2164 3 роки тому

    Off the shelves. Within close to 360 hours.

  • @kaustavpal5510
    @kaustavpal5510 5 років тому

    Seems like Taleb did not research his host. On hindsight, Bitcoin does not seem to be the answer to the wiles of Wall st.