Nassim Taleb

Nassim Taleb advocates putting 85% your investment fund in t-bills or other very low risk investments and then take the remaining 15% and place it in a variety of highly speculative investments. He also advocates that you choose a non-scalable career since a dentist drilling teeth for 30 years can do well while somebody who takes up a scalable career like a business owner, actor, or writer etc has a very small chance of success and a high chance of failure.

Maybe it would be a better idea to devote 85% of your working hours to a non-scalable career and 15% of your time to a scalable career like a business owner. That way you can reliable make steady cashflow but also put yourself in a position where you can experience cash windfalls.

Anyway if you want to get better at baseball you’re still much more likely to if you practice correctly everyday.

And you should never do something as a means to an end because your success could be beyond control and lifes to short. Instead practice baseball or whatever because you enjoy the process. Enjoy what you are doing now and let go of the outcome.

Leave a Reply

Your email address will not be published. Required fields are marked *