Michael Broukhim

Go west, young man

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So, keep reading (a tiny fraction of the time you spend doing). And start writing—no matter what your level of success—so others can get ideas and inspiration from you. Just remember this about the advice you read:

1) It’s likely wrong (in general).
2) It’s definitely wrong for someone (maybe you).

Evan Williams, All the Startup Advice You Read is Wrong

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The top 100 tech companies granted 19% of their total ownership to non-senior-executive employees (i.e., everyone excluding the CEO and four lieutenants.) For the rest of corporate American, that number was 2%. In other words, when it came time to share rewards with ordinary employees, the Tech 100 were ten times more generous than low-tech firms.
Learning From Los Gatos — The Peer Society

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Nassim Taleb and Daniel Kahneman discusses Antifragility at NYPL

A fantastic discussion. The best exchange, and Kahneman’s core critique of Antifragility, comes at the 24 minute mark, where Taleb describes his “Turkey Story.” A turkey lives happily, well-fed for several years, until the “Black Swan” event a few days before Thanksgiving. Taleb argues, “Let’s not be Turkeys.” Kahneman, responds, “the Turkey has a pretty good life … this sort of worry-free life that the turkey enjoys until Thanksgiving, this is something we aspire to.” Later, Kahneman, adds, “we’re designed against what you want.”

I’m sure Kahneman is right on individual preferences — that is, after all, his life’s work. But even if an antifragile life (e.g. one that embraces volatility) isn’t for everyone, I’m not sure an antifragile economy & government necessitates antifragility at the individual level.

(Source: youtube.com)