Podcasts about Nassim Nicholas Taleb

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews James Swanke, Lecturer in Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business. He currently serves as Director of the Risk Management and Insurance MBA program. Justin and Jim talk about his 42 years of experience in Risk Consulting with Willis Towers Watson, and his specialties there, particularly with captives. They discuss the University of Wisconsin-Madison Risk Management and Insurance MBA program, what the students learn, and the competitions they have won in the last year, and they look forward to winning this year. Also, Jim tells of disc jockeying in college, from Classic Rock to Polka.   Listen to learn about captive design, how to prepare for emerging trends, and who wrote the best music of the '70s.   Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. This is our special International Podcast Day episode because it's released on September 30th. We will be joined by Jim Swanke. He's a lecturer in the Risk Management Program of the University of Wisconsin. [:46] Jim started his career in broadcasting, and he still has the voice. We've got a lot to talk about today! [:54] RIMS-CRMP Prep Workshops! The next RIMS CRMP Prep Workshops will be held on October 29th and 30th and led by John Button. [1:06] The next RIMS-CRMP-FED Virtual Workshop will be held on November 11th and 12th and led by Joseph Mayo. Links to these courses can be found through the Certifications page of RIMS.org and through this episode's show notes. [1:23] RIMS Virtual Workshops! RIMS has launched a new course, “Intro to ERM for Senior Leaders.” It will be held again on November 4th and 5th and will be led by Elise Farnham. [1:39] On November 11th and 12th, Chris Hansen will lead “Fundamentals of Insurance”. It features everything you've always wanted to know about insurance but were afraid to ask. Fear not; ask Chris Hansen! RIMS members always enjoy deep discounts on virtual workshops! [1:58] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [2:09] Several RIMS Webinars are being hosted this Fall. On October 9th, Global Risk Consultants returns to deliver “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes”. [2:22] On October 16th, Zurich returns to deliver “Jury Dynamics: How Juries Shape Today's Legal Landscape”. On October 30th, Swiss Re will present “Parametric Insurance: Providing Financial Certainty in Uncertain Times”. [2:39] On November 6th, HUB will present “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World”. Register at RIMS.org/Webinars. [2:51] We're very excited that today is International Podcast Day! Before we celebrate, I wanted to take a moment to acknowledge and mourn the passing of Todd Cochrane. Todd was a podcast pioneer. [3:06] I've linked in this episode's show notes to a wonderful obituary from Podnews®, about his career, starting with his time in the Navy up to launching his own podcast, and writing Podcasting: The Do It Yourself Guide, from Wiley Publishing in 2005. [3:25] Over the last couple of months, I've had the pleasure of communicating with Todd over email for the Podcast Awards, and it was only last week that I saw the unfortunate news of his passing, which occurred suddenly on September 8th. [3:30] Our condolences go out to his family, friends, and the greater podcasting industry. [3:47] On with the show! This is our special International Podcast Day episode, and I am delighted to be joined by James Swanke, the Director of the Risk Management and Insurance MBA Program at the Wisconsin School of Business at the University of Wisconsin-Madison. [4:06] Jim spent four decades at WTW, specializing in financial and strategic planning issues, as well as captive insurance company design. [4:18] Jim was recently quoted in a new professional report, available on the RIMS Risk Knowledge page, and sponsored by LineSlip Solutions, titled “The Future of Captive Insurance: Governance, Technology, and Performance Optimization.” [4:32] Jim got his start at the University of Wisconsin in broadcasting. We're going to talk about his career path and how being a disc jockey led him to where he is today, educating the next generation of risk professionals. Let's get to it! [4:50] Interview! Jim Swanke, welcome to RIMScast! [5:38] When Jim was in high school, he competed in forensics, in extemporaneous speaking. He did very well. He did well at the University of Wisconsin-Madison, and it got put in the newspaper. WLDY, in Ladysmith, Wisconsin, saw it in the newspaper and contacted him. [6:03] They were looking for a radio jock to “spin vinyls,” do some DJing, and read sports and news. That job helped Jim get into the University of Wisconsin-Madison. [6:21] Jim studied actuarial science and risk management. He went into the Bachelor's program, the MBA program, and the graduate program in risk management, insurance, and corporate finance. [6:40] Jim was hired by the Wyatt Company and did lots of feasibility studies. After 42 years at Willis Towers Watson, he retired. Now he teaches at the University of Wisconsin-Madison. [6:57] Broadcasting set Jim on his path. He says that everything about what we do in the captive and risk management area is about communication. If you're not communicating, listening, helping out, and building stuff, you're not going to be a success. [7:28] When Jim was a DJ at WLDY, they played different kinds of music. On Sundays, he played polka music. On Saturdays, it was country western, and Monday through Friday, it was rock music. Rock music is what he enjoys. At the top of every hour, he did the news and weather. [8:13] Justin recalls his own career. He was just waiting for podcasting to be invented, then he was able to make it all work out. [8:31] Jim worked with captives at Willis Towers Watson. He is quoted in a new LineSlip paper, “The Future of Captive Insurance: Governance, Technology, and Performance Optimization.” Justin saw his name there and thought it would be good to have him on RIMScast. [8:53] Jim described captives as a lifeline during extreme market conditions, comparing today's hard market to the turbulence of the 1980s. Jim tells what makes captives effective under hard conditions. Captives allow organizations to control their own destiny. [9:20] When you're in a hard market, having a captive allows you to take premiums that you normally pay to a commercial insurance carrier and put them into your captive insurance company. A captive is a subsidiary of the captive owner. [9:41] Most of the Fortune 500 companies in the United States have a captive. It allows them to arbitrage whatever's going on in the insurance marketplace. When we're having a difficult market, they put more of their premiums into the captive and rely on the captive more. [9:58] When the market softens, carriers may provide insurance at premiums that are lower than the expected losses. Organizations will buy commercial insurance all the time when the premiums are less than their projected losses. [10:14] Depending on where it is in the market, a captive has a role in an organization's risk management program. [10:27] Jim says a lot of organizations have looked to captives since 2020. We were in the midst of the pandemic, with all kinds of economic hardship. The insurance industry was in despair, as well. A lot of insurance companies cut back on the limits they were willing to offer. [10:49] Insurance companies put additional exclusions onto their insurance, so organizations had to rely on their own sophisticated ways of financing their losses. If they hadn't set up a captive, they set up a captive. If they had a captive in the past, they re-engineered it to do more. [11:15] They also used their captives to access the reinsurance marketplace. Reinsurance is insurance for insurance companies. A captive can be used as a platform to access reinsurers. [11:37] Even in difficult markets, having reinsurers involved created more competition, provided more limits, and there was more flexibility in the coverage terms. [11:48] That was when the pandemic was going on, which triggered the hardening of the market and the lack of availability of insurance. Organizations with captives relied on them and did more. Organizations without captives had captive feasibility studies done and formed captives. [12:09] Jim says the CEO of a captive should be a senior person who will monitor what's going on, fairly senior in the organization. It's not a full-time position. It takes three or four hours a month, plus board meetings. [12:46] A captive is required to have a captive manager, who is an accountant. They keep the books and interface for the captive with the regulator. The President or CEO of the captive relies on the captive manager to do a lot of the daily work. [13:09] Jim says you need a senior person involved so people take the captive seriously. The senior person is going to be the driver in reducing the severity of loss through loss prevention and loss reduction. Having a senior person is so important to the success of the captive. [13:40] There are lots of considerations when you're looking to make changes to your captive. Changes could include adding emerging types of risks, like cyber risk. If you're a hospital, a lot of medical malpractice captives have been hugely successful and have grown surplus. [14:08] Healthcare institutions are passing on some of their capitated risk exposures into their captives because they've done quite well with their medical malpractice. These risks are not correlated with each other, so there is a diversification benefit. [14:22] As you look to make these changes, you need to look at increasing risk assumptions, different attachment points on reinsurance, and changing your investment policy. You have lots of levers, and if you make changes, you need to analyze what the impact will be on your captive. [14:52] Jim talks about leaning into technology. Before 9/11, we didn't have the sophisticated software we've created in the last few years. [15:06] To look at covering all the possibilities and changing your captives, from adding new coverages to reinsurance reattachment points, was a monumental amount of actuarial work to figure out how to optimize your captive. [15:19] Recently developed software looks at all the possibilities in terms of changing your captive to optimize what you're doing. 20 years ago, Jim would spend months doing the actuarial work, working with an investment bank and charging them heavy fees. [15:39] Now, with new software, what took Jim months and months to do can be done in a matter of two to three days. The productivity today, in terms of optimizing your captive, is far greater than it was 20 years ago, because of the software that has been developed. [15:55] Jim likes that the software looks at all the risks and how these risks interact with one another. Looking at risks in a captive holistically is very important because many of these risks are hardly correlated with one another. [16:15] Looking at risks holistically, you can figure out the diversification benefit of having all of these risks within your captive, which has a major impact on the amount of economic capital that your captive will need to maintain. This software has been a game-changer. [16:34] RIMS Events! On October 1st through the 3rd, the RIMS Western Regional Conference will be held in North San Jose at the Santa Clara Marriott. The agenda is live. It looks fantastic! Visit RIMSWesternRegional.com and register today! [16:55] On November 17th and 18th, join us in Seattle, Washington, for the RIMS ERM Conference 2025. The agenda is live. Check out Episode 357 for Justin's dialogue with ERM Conference Keynote Presenter Dan Chuparkoff on AI and the future of risk. [17:14] Visit the Events page of RIMS.org to register. [17:17] RISKWORLD 2026 will be in Philadelphia, Pennsylvania, from May 3rd through May 6th. RIMS members can now lock in the 2025 rate for a full conference pass to RISKWORLD 2026 when you register by September 30th! [17:32] This also lets you enjoy earlier access to the RISKWORLD hotel block. Register by September 30th, and you will also be entered to win a $500 raffle! Do not miss out on this chance to plan and score some of these extra perks! [17:46] The members-only registration link is on this episode's show notes. If you are not yet a member, this is the time to join us! Visit RIMS.org/Membership and build your network with us here at RIMS! [17:56] If you are listening to RIMScast on our broadcast day, that means today is September 30th. It is last call for registration at the Earlybird rate! [18:08] In the spirit of it being September 30th, which is International Podcast Day, let's return to our interview with Jim Swanke! [18:22] Jim is the Director of the Risk Management and Insurance MBA at the University of Wisconsin-Madison. The curriculum includes technology, AI, and automation. In his classes, Jim is using the new software he discussed earlier. [18:46] Jim taught a class the day before on the principles of risk management. He talked about how risks are interrelated with each other and how you need to analyze them holistically, figuring out how they are correlated, not in siloes. [19:13] The holistic view will give you the best answer in terms of the economic capital that will be required to put into your captive. If you're analyzing risks silo by silo for each risk, that will lead you to having more economic capital in your captive than you need. [19:35] Jim has learned, in 42 years of consulting, that the CFOs in these organizations don't want to trap cash in their captives. Teaching this software to this new generation of students, they will be able to step into the roles of captive managers that the industry will need. [20:07] We're at the tip of the iceberg with AI. We're still learning in Academia what the power of AI is going to be. Jim foresees AI being very important in handling claims and in underwriting. [20:30] AI will allow commercial insurance companies to have a better way of doing their pricing and making decisions on whether or not risks should be accepted. It will also be beneficial to captives. [20:43] Jim thinks AI will advance the technology far ahead. We're just beginning to touch on some of the advantages within the insurance industry and within captives. [21:05] Jim started teaching in 2011. When University of Wisconsin-Madison Professor Dan Anderson retired, Jim was chosen to teach a class on sustainability that was started by Professor Anderson. He has taught it since 2011. [21:41] At the time, some students did not think anything was going on with climate change. A couple of students stood up in class and said all of this was just made up. It was a fantasy. [22:03] Today, when Jim goes into class, students are there a half-hour early and stay late. They are very connected and working together to figure out how to reduce CO2 emissions to slow down the heating of the planet and the extreme weather events that are coming more often. [22:24] The class has evolved over the years, and the students are more engaged than they ever have been. [22:33] The students from the University of Wisconsin-Madison were the winners of the Spencer-RIMS Risk Management Challenge at RISKWORLD 2025 in Chicago. Jim knows all of those students and had a couple of them in his class yesterday. [23:04] The students won with the Huntington, West Virginia case study, a six-month project. Huntington is on the Ohio River, and with extreme weather events, flooding has become a big issue in that community. They competed with students around the world to solve the issue. [23:49] Each school's team came up with things that could be done and conducted an analysis on what they thought was the best way of handling it. The University of Wisconsin-Madison's team focused on resiliency with levees and dikes to hold back the flooding. [24:27] The four Wisconsin students presented their paper and won, out of 61 schools competing. The University of Wisconsin-Madison received $10K. The second-place university, DePaul, received $7.5K, and the third-place school, IIRM Hyderabad (past year winner), got $5K. [25:04] The University of Wisconsin-Madison team entered two other contests last year and won them both. The CICA Captive competition involved case studies around Kaneka captives. It required an essay and a PowerPoint deck. [25:52] The MBA students entered the A.M. Best competition for insurance solutions to a global issue. The students used a combination of parametric and indemnity triggers to provide insurance to the disadvantaged in the Caribbean and Latin America. [26:23] If there was hurricane damage, it would trigger a parametric to allow an amount of money to be paid immediately to these disadvantaged families. Then there would be the indemnity insurance that would look at the actual losses and true them up to the loss amount. [26:49] It involved the combination of parametrics and conventional indemnity insurance, which was noteworthy and probably pushed the team over the top. [27:11] The professor who was the advisor in the Spencer Challenge is Carl Barlett. Carl is an attorney by training, and he has the energy to work with bachelor's students. He's graduated hundreds of people out of his program over the last four or five years. [27:59] The University has Career Fairs where 60 or 70 companies will come to meet with students. That's a credit to Carl. Not a lot of companies will come to a university to meet with students. Because of the program he put together, lots of organizations want to hire students. [28:21] The University of Wisconsin-Madison business school is typically ranked number 1. [28:31] A Final Break! The Spencer Educational Foundation's goal to help build a talent pipeline of risk management and insurance professionals is achieved, in part, by its collaboration with risk management and insurance educators across the U.S. and Canada. [28:50] Since 1999, Spencer has awarded over $2.9 million to create more than 570 Risk Management Internships. The Internship Grants application process is now open through October 15th, 2025. [29:06] To be eligible, risk managers must be based in the U.S., Canada, or Bermuda. A link to the Internship Grants page is in this episode's show notes. You can always visit SpencerEd.org, as well. [29:19] Let's Get Back to Our Interview with Jim Swanke of the University of Wisconsin-Madison! [29:46] Jim tells his students that we don't know today what the emerging risks are going to be. What we need to do is design our risk management program and keep our eyes and ears open to what is going to happen next. [30:04] Jim cites The Black Swan, by Nassim Nicholas Taleb. It gets into what we need to do as people of risk management and societies to try to identify the emerging risks that will impact us going forward. [30:21] In risk management, we look at the past to try to project what's going to happen in the future. We were caught by the pandemic. Very little business interruption insurance was offered. If we had been forward-thinking, we would have thought about coverages for the emerging risks. [31:19] An emerging risk after 9/11 was that insurance companies put exclusions on their insurance policies, excluding terrorism. The Federal Government passed the Terrorism Risk Insurance Act (TRIA) and offered it as a backstop to insurance companies. [31:55] Anybody with a captive could access that reinsurance through the U.S. Treasury, using their captive insurance company. [32:23] Jim sees more employee benefits going into captives. The advantages you have in the P&C area are also in place for employee benefits. Organizations with large workers' compensation self-insurance programs are putting excess workers' compensation into captives. [32:57] Jim says you need to be nimble and on your toes. Emerging risks are going to come out over the next 10 to 15 or 20 years. Keep your eyes and ears open so when they emerge, you can deal with them to reduce the frequency and severity of loss and see how to finance them. [33:19] Jim highly recommends reading The Black Swan. It's a good way to begin to think about how you should think about emerging risks. [33:42] Jim says school is going really well. One thing he noticed this year is the diverse nature of his students. There are more disciplines within the risk management area that people are interested in. [33:56] In class recently, Jim had a group that was in the investment banking area, a group that was in HR, and a couple of students from China. There was a broad diversity in the class. [34:16] It enriches the conversation to have people coming from different places with different backgrounds and different educational experiences. It shows the power of having diversity in the classroom. It's exciting. [34:32] The class will write papers on Enterprise Risk Management and talk about captives, and more. They'll compete in the CICA Captive Competition again, to maintain their number one rating there! They're off to a great start! It's nice to see students so highly energized! [34:53] Jim says the future is bright with the students graduating from the Wisconsin School of Business at the University of Wisconsin-Madison. [35:22] Justin and others have liked Jim's broadcasting voice. Jim thanks Justin for commenting on it. [35:55] Jim's time as a DJ was 50 years ago. He recalls two or three instances of hot mikes, when some of the FCC's seven deadly words may have been spoken. He says nobody wants that, but it was a real learning experience. [36:29] Jim recalls when the studio tower was hit by lightning. Jim was alone in the radio station when it happened. Lightning bolts were flying around the building after the tower got hit. The station went off the air, and Jim had to figure out a way to put it back on the air. [36:58] Jim highly recommends to young people, if you get an opportunity to get involved with radio or TV, give it a shot, because it's a lot of fun! Justin ties it to podcasting and video blogging. [37:42] Jim likes all the music of 1976 and didn't have a favorite album. He likes Deep Purple and Bob Seger. He says there's no better songwriter than Bob Seger. There was a diversity of good music going out at that time. It was a wonderful time to be working in a radio station. [38:47] Justin is a father of two young people under 12 who like to listen to classic rock. “Dancing in the Moonlight,” by King Harvest, is a greatest hit in the family. They love Van Morrison. [39:56] On the subject of podcasting, Jim thinks there is an opportunity to develop content that helps the everyday American with their personal insurances, like homeowners, auto, health, life, and how they buy their insurances. [40:45] In class recently, the MBA students, the brightest and best, designing plans for New York investment banks and worldwide financial institutions, told Jim that they had questions about what to buy in auto policies and homeowners policies. [41:07] Jim states that an insurance podcast for the everyday American is something the industry needs to be doing. Justin suggests that members of the global RIMScast audience could pick up the baton and get to work! [41:27] Maybe it becomes part of the coursework for a class like Jim's. It could be part of a challenge, like the Spencer-RIMS Risk Management Challenge. [41:48] Jim says being able to talk about this with graduate students gives them some familiarity with what risk is, in terms of the instability of results. They can relate to it because they need to buy an auto policy or a homeowners policy. [42:03] While these coverages don't match up perfectly with what's going on in the commercial insurance marketplace, learning about them gives students a sense of what insurance is about, what risk management is about, and how to reduce the frequency and severity of losses. [42:22] Jim, it has been such a pleasure to speak with you and to pick your brain on risk management education, broadcasting, and music! Thank you so much for joining us here on RIMScast! [42:33] Good luck to you and your students at the University of Wisconsin-Madison, as you look to the 2026 competitions. I can only imagine they're going to do great things! [42:58] Special thanks again to Jim Swanke for joining us here on RIMScast! For more information, check out the links in this episode's show notes. [43:06] Remember to check out “The Future of Captive Insurance: Governance, Technology, and Performance Optimization”, a Professional Report sponsored by LineSlip. It is available through the Risk Knowledge Page of RIMS.org. That link is also in this episode's show notes. [43:22] The paper features a lot of Jim's fascinating perspective and insights on captives. [43:28] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [43:56] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [44:14] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [44:33] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [44:48] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [45:02] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [45:15] Practice good risk management, stay safe, and thank you again for your continuous support!   Links: RIMS ERM Conference 2025 — Nov. 17‒18 Spencer Internship Program — Registration Open Through Oct. 15. RIMS Western Regional — Oct 1‒3 | Bay Area, California | Registration open! RISKWORLD 2026 — Members-only early registration through Sept 30! — Last Call! RIMS-Certified Risk Management Professional (RIMS-CRMP) The Strategic and Enterprise Risk Center RIMS-CRO Certificate in Advanced Enterprise Risk Management — Featuring Instructor James Lam! Next bi-weekly course begins Oct 9. RIMS Diversity Equity Inclusion Council RISK PAC | RIMS Advocacy | RIMS Legislative Summit SAVE THE DATE — March 18‒19, 2026 RIMS Risk Management magazine | Contribute RIMS Now “The Future of Captive Insurance: Governance, Technology, and Performance Optimization” — Professional Report, Sponsored by LineSlip | Featuring insight from James Swanke University of Wisconsin-Madison Wins 2025 Spencer-RIMS Risk Management Challenge Internationalpodcastday.com Obituary for Podcasting Trailblazer Todd Cochrane RIMS Webinars: RIMS.org/Webinars “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes” | Oct. 9 | Sponsored by Global Risk Consultants “Jury Dynamics: How Juries Shape Today's Legal Landscape” | Oct. 16, 2025 | Sponsored by Zurich “Parametric Insurance: Providing Financial Certainty in Uncertain Times” | Oct. 30, 2025 | Sponsored by Swiss Re “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World” | Nov. 6 | Sponsored by HUB   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Virtual Exam Prep — Oct. 29‒30, 2025 RIMS-CRMP-FED Exam Prep Virtual Workshop — November 11‒12 Full RIMS-CRMP Prep Course Schedule Risk Appetite Management | Oct 22‒23 | Instructor: Ken Baker Intro to ERM for Senior Leaders | Nov. 4‒5 | Instructor: Elise Farnham Fundamentals of Insurance | Nov. 11‒12 | Instructor: Chris Hansen Leveraging Data and Analytics for Continuous Risk Management (Part I) | Dec 4. See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes about Education, Risk Talent, and Captives: “Risk Management Momentum with Lockton U.S. President Tim Ryan” “RIMS 2025 Risk Manager of the Year, Jennifer Pack”   Sponsored RIMScast Episodes: “The New Reality of Risk Engineering: From Code Compliance to Resilience” | Sponsored by AXA XL (New!) “Change Management: AI's Role in Loss Control and Property Insurance” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Demystifying Multinational Fronting Insurance Programs” | Sponsored by Zurich “Understanding Third-Party Litigation Funding” | Sponsored by Zurich “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: James Swanke, Lecturer: Risk and Insurance at the University of Wisconsin-Madison's Wisconsin School of Business, Director of the Risk Management and Insurance MBA program Production and engineering provided by Podfly.  

In this episode, I talk with Dr. Paul Taylor, author, neuroscientist, exercise physiologist, and host of The Paul Taylor Podcast. He is an expert in hardiness, the science of turning stress into strength. Modern life is quietly weakening us through the way we eat, move, sleep, socialize, and use technology. By introducing stress, challenge, and discomfort in safe and deliberate ways through exercise, nutrition, temperature, sunlight, and other natural experiences, we can regain our strength and hardiness. This idea is rooted in hormesis, the concept that exposure to manageable stress or challenge can strengthen the body and mind. We also discuss Paul's lessons from his upbringing in Ireland, his time in the military, and his experiences as a parent, in sport, and through personal challenges. He shares practical ways to build hardiness in daily life: move regularly, play outside, eat mostly minimally processed foods, limit screen time, set simple rules and routines, gradually increase effort, and reflect on how you spend your time. Seeing life as a challenge and viewing stress as a chance to grow helps us step out of our comfort zone, so we can strengthen ourselves physically and mentally and be better prepared for whatever life throws our way.Connect and Learn More:Website: paultaylor.bizInstagram: @paultaylor.bizPodcast: The Paul Taylor PodcastBooks: Death by Comfort, and the upcoming The Hardiness EffectResources Mentioned:Books: Antifragile, Elite Minds, Enchiridion, The Black Swan, People: Arrian, Bengt Saltin, Bente Klarlund Pedersen, Epictetus, Frank Booth, Friedrich Nietzsche, Grant Schofield, Nassim Nicholas Taleb, Seneca, Stan Beecham, Walter Mischel

¿Quieres ganar fuerza y moverte mejor? Únete al entrenamiento personal de ENSO Movers. Yo ya llevo 2 años entrenando con ellos.

¿Necesitas recuperar la figura después de los excesos del verano? Keto Optimizado te dará todas las herramientas.

Goldpreis auf Rekord: 3.517 USD je Feinunze. Anleger flüchteten ins Edelmetall, während steigende Renditen und Inflationssorgen die Aktienmärkte belasteten. Der Dax rutschte um 2,3 % oder 550 Punkte ab auf 23.487 Zähler. Treiber für Gold sind Zinssenkungsfantasie der Fed, ein schwächerer Dollar und massive Käufe von Notenbanken. Staatsanleihen in Europa gaben nach, die Renditen stiegen weiter - die Inflation in der Eurozone liegt mit 2,3 % leicht über Erwartungen. SMA Solar warnte vor Verlusten und senkte die Prognose, die Aktie brach fast 30 % ein. Deutz übernimmt den Drohnen-Antriebsspezialisten Sobek und baut sein Rüstungsgeschäft aus. VW-Betriebsratschefin Cavallo fordert ein Ende der Doppelrolle von Oliver Blume. Klarna wagt den Börsengang in New York mit bis zu 1,27 Mrd. USD Emissionserlös. Kraft Heinz spaltet sich in zwei börsennotierte Gesellschaften auf. Nestlé entlässt CEO Laurent Freixe wegen einer nicht offengelegten Beziehung, Nachfolger wird Philipp Navratil. Börsenweisheit: "Die Börse reagiert nur auf Überraschungen, alles andere ist längst eingepreist." - Nassim Nicholas Taleb. Jetzt GRATIS Eintrittskarte sichern für die Rohstoffmesse München am 3+4. Oktober: https://www.rohstoffmesse-muenchen.de

How to prevent infighting, mitigate status races, and keep your people focused. Cross-posted from my Substack. Organizational culture changes rapidly at scale. When you add new people to an org, they'll bring in their own priors about how to operate, how to communicate, and what sort of behavior is looked-up to. Despite rapid changes, in this post I explain how you can implement anti-fragile cultural principles—principles that help your team fix their own problems, often arising from growth and scale, and help the org continue to do what made it successful in the first place. This is based partially on my experience at Wave, which grew to 2000+ people, but also tons of other reading (top recommendations: Peopleware by DeMarco and Lister, Swarmwise by Rick Falkvinge, High Growth Handbook by Elad Gil, The Secret of Our Success by Henrich, Antifragile by Nassim Nicholas Taleb, as well as Brian [...] ---Outline:(01:13) Common Problems(05:00) Write down your culture(06:25) That said, you don't have to write everything down(08:37) Anti-fragile values I recommend(09:02) Mission First(10:51) Focus(11:32) Fire Fast(12:58) Feedback for everything(13:50) Mutual Trust(15:48) Work sustainably and avoid burnout(17:42) Write only what's new & helpful--- First published: August 21st, 2025 Source: https://forum.effectivealtruism.org/posts/mLonxtAiuvvkjXiwq/the-anti-fragile-culture --- Narrated by TYPE III AUDIO.

Useful Resources: 1. Ben Shneiderman, Professor Emeritus, University Of Maryland. 2. Richard Hamming and Hamming Codes. 3. Human Centered AI - Ben Shneiderman. 4. Allen Newell and Herbert A. Simon. 5. Raj Reddy and the Turing Award. 6. Doug Engelbart. 7. Alan Kay. 8. Conference on Human Factors in Computing Systems. 9. Software psychology: Human factors in computer and information systems - Ben Shneiderman. 10. Designing the User Interface: Strategies for Effective Human-Computer Interaction - Ben Shneiderman. 11. Direct Manipulation: A Step Beyond Programming Languages - Ben Shneiderman. 12. Steps Toward Artificial Intelligence - Marvin Minsky. 13. Herbert Gelernter. 14. Computers And Thought - Edward A Feigenbaum and Julian Feldman. 15. Lewis Mumford. 15. Technics and Civilization - Lewis Mumford. 16. Buckminster Fuller. 17. Marshall McLuhan. 18. Roger Shank. 19. The Anxious Generation: How the Great Rewiring of Childhood Is Causing an Epidemic of Mental Illness - Jonathan Haidt. 20. John C. Thomas, IBM. 21. Yousuf Karsh, photographer. 22. Gary Marcus, professor emeritus of psychology and neural science at NYU. 23. Geoffrey Hinton. 24. Nassim Nicholas Taleb. 25. There Is No A.I. - Jaron Lanier. 26. Anil Seth On The Science of Consciousness - Episode 94 of Brave New World. 27. A ‘White-Collar Blood Bath' Doesn't Have to Be Our Fate - Tim Wu 28. Information Management: A Proposal - Tim Berners-Lee 29. Is AI-assisted coding overhyped? : METR study 30. RLHF, Reinforcement learning from human feedback31. Joseph Weizenbaum 32. What Is Computer Science? - Allen Newel, Alan J. Perlis, Herbert A. Simon -- Check out Vasant Dhar's newsletter on Substack. The subscription is free!  

What does true wealth mean anymore? With the rise of housing, healthcare, childcare and tuition costs, it feels like financial freedom isn't a number, but a moving target. This week, we discuss the lag between our perception of wealth and the economic reality, and how we can recalibrate—with a little help from author Nassim Nicholas Taleb, whose definition of true wealth includes, among other things, worriless sleep (and good bowel movements). Hosts: Matt Sunbulli ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.linkedin.com/in/sunbulli/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.firstdraft.vc⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Aaron Calafato ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Listen to Aaron's 7 Minute Stories Podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Leah Ova ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow Leah on TikTok ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Editorial: Brooks Borden Matt Sunbulli Ken Wendt Senior Audio Engineer: Ken Wendt Research: Zaid Safe Matt Sunbulli Aaron Calafato

Este es el último episodio de la temporada. Toca terminar el libro. El podcast de Kapital no regresa hasta otoño pero Kapital Social, la comunidad privada con acceso a los artículos de Substack, sigue activo. Hay también programadas dos nuevas ediciones de El Proyecto K. Utilizando palabras del gran Javier González Recuenco, uno de mis episodios favoritos del presente curso: gracias por tu apoyo a este proyecto con alma.“Ser ahorrador no es ningún objetivo en sí mismo, es una defensa frente a las adversidades de la vida. El ahorro es protección para los días futuros. Empezar a ahorrar es como dejar de fumar. Cuesta ponerse a ello pero después os despertaréis por la mañana y respiraréis mejor, dejaréis de toser y estaréis tranquilos en aviones y cines, lo cual, traducido en ser ahorrador, significará despertaros tranquilamente sabiendo que tenéis el dinero trabajando para vosotros, que tenéis suficiente dinero para todo y que una buena parte de vuestros gastos diarios están sufragados por los rendimientos de vuestros ahorros, por vuestros ingresos pasivos. Se trata de vivir como si hoy fuera el último día de vuestra vida, pero sin olvidar que lo más probable es que no lo sea y la vida continúe sin más. La idea de ahorrar no es otra que considerar el dinero como una herramienta para ser libres e independientes”. Así empieza El arte de hacer dinero de Teodor, un tratado para nunca más temer al dinero.Kapital es posible gracias a sus colaboradores:⁠Indexa Capital⁠. Gestión pasiva en fondos indexados.No es fácil encontrar un lugar seguro para tu dinero. En un mercado lleno de productos tramposos, me gusta colaborar o poner el micro a los pocos gestores, pasivos o activos, con una propuesta honesta. La fortaleza de Indexa Capital, que entraría dentro de la gestión pasiva, es una cartera de bajo coste y diversificada. Dos de sus fundadores, Unai y François, han pasado por el podcast. Si te interesa, aquí tienes mi enlace de registro para ahorrarte la comisión sobre los primeros 15.000 euros. Son tiempos inciertos en los mercados y esto significa que debes buscar opciones serias para tu dinero. Indexa Capital es sin duda una de ellas.Patrocina Kapital. Toda la información en este link.Índice:1:30 ¿Necesito un presupuesto familiar?11:06 Álvaro Conesa nos señala el camino.24:44 Analfabetos financieros en LinkedIn.37:41 Intentar ganar dinero es más divertido que buscar partidas en las que recortar.52:31 Vete unos días de mochilero con la chica que acabas de conocer.56:39 Morir con 8 millones como Ronald Read.1:08:11 Kiyosaki no existe.1:26:02 Que puedas pagarlo no significa que puedas permitírtelo.1:38:12 Alejar los bancos de nuestras vidas.1:48:03 El fondo soberano noruego.2:00:44 Capitalizar a los hijos.2:06:01 Orígenes criptojudíos.2:18:56 Una frase genial (¡una más!) de Taleb: “Eres rico si y solo si el dinero que rechazas es más agradable que el dinero que aceptas”.Apuntes:El arte de hacer dinero. Teodor de Mas.Fer diners. Teodor de Mas.Be better. Tim Denning.School is not enough. Simon Sarris.La vía rápida del millonario. M.J. DeMarco.Padre rico, padre pobre. Robert Kiyosaki.Perfect days. Wim Wenders.Un paseo aleatorio por Wall Street. Burton Malkiel.El cisne negro. Nassim Nicholas Taleb.El banquero anarquista. Fernando Pessoa.Las posibilidades económicas de nuestros nietos. John Maynard Keynes.Morir con cero. Bill Perkins.España, capital París. Germà Bel.

Klassisches Management wird durch KI ersetzt. Was dann noch bleibt, ist Leadership. Diese klare Ansage zur Zukunft der Unternehmensführung macht Marc Wagner, Senior Vice President People & Organization bei Atruvia, im Gespräch mit Host Johannes Füß. Als einer der prägenden HR-Vordenker:innen Deutschlands teilt Marc Wagner dabei nicht nur Einblicke in das People-Betriebssystem bei Atruvia. Er stellt zudem deutlich heraus:  Wer im digitalen Zeitalter nicht lernt, wie Vertrauen entsteht, wie Impact messbar wird und wie Organisationen systemisch denken, wird zum Bremsklotz statt Business-Enabler.Freue dich auf Themen wie: 1) Warum Menschen trotz KI der entscheidende Wettbewerbsvorteil bleiben2) Wie Company Rebuilding traditionelle Hierarchien revolutioniert 3) Warum Shared Leadership die Führung der Zukunft ist 4) Wie Storytelling Teams motiviert und Veränderungen treibt 5) Welche Skills HR-Profis für die Arbeitswelt von morgen brauchen ___________Marc Wagner freut sich über den Austausch rund um das Thema Organisationsentwicklung. Wenn du dich angesprochen fühlst, dann melde dich bei ihm auf LinkedIn: https://www.linkedin.com/in/marc-wagner-02002434/Marcs Leseempfehlungen:The Second Machine Age von Erik Brynjolfsson & Andrew McAfee | https://www.amazon.de/Second-Machine-Age-Revolution-ver%C3%A4ndern/dp/3864705940/Antifragilität von Nassim Nicholas Taleb  | https://www.amazon.de/Antifragilit%C3%A4t-Anleitung-eine-nicht-verstehen/dp/3570553892/ Nexus von Yuval Noah Harari | https://www.amazon.de/NEXUS-Informationsnetzwerke-k%C3%BCnstlichen-Intelligenz-Bestsellers/dp/3328603751/ Das Comeback der Konzerne von Lucas Sauberschwarz | https://www.amazon.de/Das-Comeback-Konzerne-Unternehmen-Innovationen/dp/3800655373/ ___________Über unseren Host Johannes Füß:Johannes ist Senior Vice President von EGYM Wellpass, dem Marktführer für Corporate Health Benefits. Auch wenn er eine Schwäche für Schokolade hat, ist Johannes' Bewusstsein für Gesundheit groß: Wenn der gebürtige Münchner nicht gerade dabei ist, Unternehmen dabei zu unterstützen, ihre Teams physisch und mental gesund zu halten, verbringt er seine Zeit aktiv in den Bergen - am liebsten mit seiner Familie.Melde dich bei Johannes Füß auf LinkedIn: https://www.linkedin.com/in/johannes-f%C3%BC%C3%9F/

In this quick, heartfelt episode, Wil delivers a philosophical and motivational message for independent hospitality business owners. Drawing from 18 years of experience serving restaurants and 12 years of podcasting, Wil reflects on the remarkable anti-fragility of this industry.Inspired by Nassim Nicholas Taleb's book Antifragile, Wil explains how independent restaurants, coffee shops, breweries, boutique hotels, and similar businesses don't just survive difficult times—they grow stronger because of them. He shares one of his favorite lines from the book:"Wind extinguishes a candle and energizes fire. You want to be the fire and wish for the wind."This episode is a reminder that adversity can fuel growth, creativity, and resilience. In uncertain economic and political times, Wil urges listeners to embrace their inner fire—because the wind is always coming.

Podcast Notes Episode 468 The Goal Isn't Unbreakable, It's Antifragile Hosts: Brian Miller, PCC and Chad Hall, MCC Date: June 5, 2025 In this thoughtful episode, Brian and Chad dive deep into the concept of antifragility, a term popularized by Jonathan Haidt (and originally coined by Nassim Nicholas Taleb). They explore what it means to not only endure difficulty but to grow stronger because of it. The conversation covers the generational impacts of overprotection, the spectrum from fragility to antifragility, personal stories, and practical applications in parenting, coaching, and personal growth. Key Highlights The Spectrum of Strength: The episode outlines a framework moving from fragile → unbreakable → resilient → antifragile, each with distinct responses to adversity. Why Overprotection Fails: Brian and Chad reflect on how well-intentioned parenting often shields kids from stress, resulting in lower resilience and difficulty navigating adulthood. Antifragility in Action: Personal stories (e.g., Chad's son's sports injury) demonstrate how painful life events can become transformative experiences that build true strength. Faith and Growth: The discussion touches on spiritual perspectives, including how suffering can lead to sanctification and deeper character development. Everyday Antifragile Practices: Simple activities like cold plunges, fasting, and difficult conversations are explored as ways to intentionally build antifragility. Takeaways Stress Isn't the Enemy: Adversity, when approached with the right mindset, is not something to be avoided—but something that can be harnessed for growth. Discernment Is Crucial: Not every challenge should be faced head-on. The key is knowing whether you're actually fragile in a situation or just uncomfortable. Love ≠ Comfort: Sometimes being loving means letting someone face discomfort to build resilience, not shielding them from it. Antifragile Posture = "Bring It On": This mindset shifts the goal from mere survival to transformation—coming out better than before. Coaching/Parenting Insight: Equip others to face challenges by modeling and encouraging antifragility, rather than rescuing them from every stressor.  Find the resource referenced at http://coachapproachministries.org/fragile  Stay Connected: Website: coachapproachministries.org Email: info@coachapproachministries.org LinkedIn: http://www.linkedin.com/company/coach-approach-ministries Facebook: https://www.facebook.com/coach.approach.ministries Youtube: https://www.youtube.com/@coachapproachministries7538 Follow us on social media for updates and resources!

Muss Software immer stabil sein? Es geht um das Konzept der Antifragilität und was es für gutes UX-Design und Softwareentwicklung bedeutet. Denn: Systeme, die sich nie dem echten Leben stellen, werden auch nie wirklich robust. Erst durch gezielten „Stress“ – zum Beispiel durch frühes Nutzerfeedback oder reale Einsatzbedingungen – kann digitale Produktentwicklung nachhaltig besser werden.Wir zeigen, warum es sinnvoller ist, mit kleinen, unperfekten Prototypen zu starten, statt viel Energie in das „perfekte“ System im stillen Kämmerlein zu stecken. So entstehen Softwarelösungen, die lernen, sich anpassen und langfristig überleben. Antifragiles Denken hilft Teams, schneller, effizienter – und letztlich erfolgreicher – zu entwickeln. Nassim Nicholas Taleb über Antifragilität: https://de.wikipedia.org/wiki/Nassim_Nicholas_Taleb Das ist Besser mit Design, ein Wahnsinn Design PodcastVielen Dank fürs Zuhören

Cet épisode s'inscrit dans une série de rencontres avec des patrons de sociétés du CAC 40.Sur GDIY nous recevons habituellement uniquement des personnes qui se sont lancées par elles-mêmes : des entrepreneurs, artistes, sportifs…Avec cette série, j'ai pour ambition de découvrir et comprendre comment s'opèrent de tels mastodontes depuis l'intérieur, sur du temps long. Au-delà des éléments de langage, au-delà de la politique, au-delà des clichés.Le Crédit Agricole est “de loin” la première banque de financement de l'économie Française avec plus de 25% de parts de marché.Une domination dont Phillipe Brassac est le garant depuis près d'une décennie.Arrivé en 1982 à la caisse régionale du Gard, il a gravi les échelons jusqu'à arriver au sommet du groupe. 43 ans de maison, dont 10 en tant que directeur général, et un chiffre d'affaires multiplié par 3 pendant son mandat.En 10 ans, Philippe a amené le Crédit Agricole à des performances historiques, le portant au rang de 9ème plus grande banque au monde.Dans cet épisode Philippe démystifie le monde de la banque, et dévoile comment étape par étape et avec de très fortes convictions, il a opéré ce développement sans céder aux sirènes de la croissance externe — qu'il va jusqu'à juger dangereuse.Un épisode pragmatique et passionnant, qui livre les clés pour comprendre comment faire bouger les lignes à grande échelle et explique les rouages du système bancaire Français et international.Une masterclass de vision avec l'homme qui, jusqu'en mai 2025, fut à la tête du premier employeur privé de France.TIMELINE:00:14:25 : La plus grosse coopérative du monde avec 10 millions d'adhérents00:21:46 : La complexité du système bancaire expliquée00:29:41 : Opter pour une “universalité stratégique” : la banque qui fait tout, pour tous00:41:24 : Le rôle central du conseiller bancaire00:56:17 : Les batailles perdues face aux néo-banques01:06:31 : Casser la technocratie et la bureaucratie01:18:21 : Comment réellement influencer une entreprise de 160 000 collaborateurs01:31:07 : Croissance externe VS croissance interne01:40:06 : Le modèle bancaire Français, une exception internationale01:52:18 : Laisser la régulation aux politiques pour maintenir le navire à flot02:01:01 : La digitalisation du monde bancaire02:09:03 : Les 3 grands chocs qui bousculent tous les repères02:23:56 : “J'avais prévu un bitcoin entre 0 et 1€”02:31:17 : Se concentrer sur l'utilité de son entreprise et non sur ses chiffres02:41:49 : Partir serein après 42 années de dévouementLes anciens épisodes de GDIY mentionnés : #460 - Sébastien Bazin - PDG du groupe Accor - Diriger un groupe coté en bourse sans ordinateur#467 - Christel Heydemann - Orange - Garder le cap pour réussir dans un marché en rupture permanente#117 - Riadh Alimi - CEO FinFrog - Réussir l'impossible : être recommandé par les clients que tu refuses#54 - Alexandre Prot - CEO Qonto - De McKinsey à QONTO (en passant par les cigarettes électroniques)#456 - Alexandre Prot - Qonto - Bousculer l'écosystème bancaire et s'imposer en référence européenne#289 - Cyril Chiche - Lydia - Du paiement entre amis à la super-app financière#265 - Maud Caillaux - Green Got - Lancer une néobanque étape par étape pour verdir le secteur bancaire (à 27 ans)#401 - Emmanuel Macron - Président de la République - Les décisions les plus lourdes se prennent seulNous avons parlé de :Acquisition du Crédit Lyonnais entre 2002 et 2005Xavier MuscaJérôme GrivetL'identité coopérative et mutualiste du Crédit AgricoleWealth management = Gestion de patrimoineLa Martingale PodcastQu'est-ce que le selfcare en relation client ?BFI = Banque de Financement et d'InvestissementFoncière GecinaOlivier Gavalda, successeur de Philippe à la tête de Crédit Agricole SAStatista, courbe d'évolution du chiffre d'affaires du Crédit AgricoleDéfinition Asset Servicing“Mon véritable adversaire, c'est le monde de la finance” - François HollandeEpisode Acquired PorscheÉpisode Acquired RolexLes recommandations de lecture :The Black Swan - Nassim Nicholas Taleb (English)Le Cygne noir - Nassim Nicholas Taleb (en Français)Skin in The Game - Nassim Nicholas Taleb (English)Skin in The Game - Nassim Nicholas Taleb (Français)Le Château de ma mère - Marcel PagnolVous pouvez contacter Philippe sur LinkedIn.Vous souhaitez sponsoriser Génération Do It Yourself ou nous proposer un partenariat ?Contactez mon label Orso Media via ce formulaire.Distribué par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.

“Los primeros textos escritos de los que se tiene constancia son apuntes contables. Los primeros textos de la humanidad son sobre algo tan prosaico como una lista de ganado y de equipamiento agrícola encontrado en la ciudad de Uruk. Recogían las deudas de personas con otras personas y de personas con el complejo del templo. La escritura tardaría más de mil años en utilizarse para la narrativa.” Daniel acaba de publicar un libro sobre la historia del dinero y su fantástico vínculo con la escritura.Kapital es posible gracias a sus colaboradores:⁠Indexa Capital⁠. Gestión pasiva en fondos indexados.No es fácil encontrar un lugar seguro para tu dinero. En un mercado lleno de productos tramposos, me gusta colaborar o poner el micro a los pocos gestores, pasivos o activos, con una propuesta honesta. La fortaleza de Indexa Capital, que entraría dentro de la gestión pasiva, es una cartera de bajo coste y diversificada. Dos de sus fundadores, Unai y François, han pasado por el podcast. Si te interesa, aquí tienes mi enlace de registro para ahorrarte la comisión sobre los primeros 15.000 euros. Son tiempos inciertos en los mercados y esto significa que debes buscar opciones serias para tu dinero. Indexa Capital es sin duda una de ellas.Patrocina Kapital. Toda la información en este link.Índice:1:30 No hemos conocido dinero sano.19:46 Edificios feos en monedas débiles.32:29 La edad de oro de la seguridad.42:21 Los mercados no atacan, se defienden.59:41 El origen del dinero es el origen de la escritura.1:09:59 Número de Dunbar.1:20:00 El palacio fagocita al templo.1:31:02 Planes de guerra de Gilgamesh.1:37:22 Operación Bernhard.1:53:13 El dinero según William Stanley Jevons.2:02:01 Las piedras Rai.2:04:41 Expropiaciones de reyes ingleses.2:24:41 Esté preparado cuando vengan a por ti.2:31:03 De la bulla al bitcoin.Apuntes:Dinero: Un viaje desde Mesopotamia hasta el Bitcoin. Daniel Fernández.Epopeya de Gilgamesh. Andrew George.This time is different. Carmen Reinhart & Kenneth Rogoff.El mundo de ayer. Stefan Zweig.El patrón bitcoin. Saifedean Ammous.Antifrágil. Nassim Nicholas Taleb.La teoría de la economía política. William Stanley Jevons.

Tune in to hear:What is the idea of Lindy's Law, also known as The Lindy Effect? What is statistician Nassim Nicholas Taleb's unique take on this?How has an acceptance of our finitude been expressed, and even celebrated, by cultures all over the world?What is the Zen Buddhist concept of “Satori” and what can we learn from it?LinksThe Soul of WealthConnect with UsMeet Dr. Daniel CrosbyCheck Out All of Orion's PodcastsPower Your Growth with OrionCompliance Code:

In this episode, Steve Fretzin and John Morgan discuss:Business growth and scaling strategiesImportance of partnerships and accountabilityTechnological innovation in professional servicesEntrepreneurial mindset and vision Key Takeaways:Successful businesses balance proactive growth (“catching fish”) with strong operations (“cooking fish”) for sustained efficiency.Clear, data-driven systems with dashboards and accountability can transform culture and boost individual and team performance.AI adoption should be cautious, tested, and iterative, with room for learning from early-stage mistakes.Long-term resilience requires financial reserves, backup strategies, and readiness for unpredictable “Black Swan” events. "What 'Only the Paranoid Survive' means is: be aware. Do [not just walk] down the street with blinders on and not see it coming, because it can come from anywhere. A problem can come from anywhere, and so you just have to be prepared." —  John Morgan Unlock the secrets of the industry's top rainmakers with Be That Lawyer: 101 Top Rainmakers' Secrets to Growing a Successful Law Practice. Grab your ultimate guide to building a thriving law firm now on Amazon: https://www.amazon.com/dp/B0F78HXJHT Thank you to our Sponsors!Rankings.io: https://rankings.io/Ready to grow your law practice without selling or chasing? Book your free 30-minute strategy session now—let's make this your breakout year: https://fretzin.com/ Episode References: The Black Swan by Nassim Nicholas Taleb: https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X About John Morgan: John Morgan moved to Central Florida as a teen and was forever changed when his brother Tim was paralyzed while working at Disney and mistreated by both the company and legal system, inspiring him to fight for the powerless and seek justice against big corporations. He earned his law degree from the University of Florida in 1983 and, with his wife Ultima, founded Morgan & Morgan in 1988; over 34 years, it became the nation's largest injury law firm, recovering over $13 billion for 300,000+ clients. John authored two books — You Can't Teach Hungry and You Can't Teach Vision — reflecting the principles behind his success, and he's also a political advocate and philanthropist supporting marijuana reform, minimum wage increases, and aid for abuse survivors and the hungry. Connect with John Morgan:  Website: https://www.forthepeople.com/Email: jmorgan@forthepeople.comLinkedIn: https://www.linkedin.com/in/johnmorganesq/Twitter: https://x.com/johnmorganesqFacebook: https://www.facebook.com/JohnMorganESQ Connect with Steve Fretzin:LinkedIn: Steve FretzinTwitter: @stevefretzinInstagram: @fretzinsteveFacebook: Fretzin, Inc.Website: Fretzin.comEmail: Steve@Fretzin.comBook: Legal Business Development Isn't Rocket Science and more!YouTube: Steve FretzinCall Steve directly at 847-602-6911 Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

Lessons from reading ⁠Skin in the Game⁠ by Nassim Nicholas Taleb (1960 - present).Skin in the Game argues that many of the world's problems spring from decision-makers unwilling to bear the risks of their ideas. Taleb argues that having skin in the game is necessary in life, commerce, and politics.Nassim Taleb is a scholar, former options trader, statistician, and risk analyst. Taleb is known for his work on probabilities, randomness, and risk.Ways to Support:Substack: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://ijmakan.substack.com/subscribe?=⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Website: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://becomingantifragile.com/⁠⁠⁠⁠Art: ⁠⁠⁠⁠⁠⁠⁠⁠https://ikranrinmakan.com/⁠⁠Purchase:USA: https://amzn.to/4jAem6O

¿Hemos diseñado sociedades muy frágiles? Cuando todo marcha con normalidad, somos muy eficientes, pero tendemos a colapsar con los imprevistos. ¿Hemos diseñado sociedades muy frágiles? La sensación es que cuando todo marcha con normalidad, somos muy eficientes. Pero colapsamos con los imprevistos. Esta semana, en Economía Para Quedarte Sin Amigos, vuelve Nassim Nicholas Taleb: sobre cisnes negros, anti-fragilidad, y eficiencia.Música Esta semana, el protagonista de nuestra selección musical es el grupo estadounidense The Lemonheads. Y estos son los temas que hemos escuchado: "Into your arms" "Style" "The outdoor type" "Mrs Robinson"

Marc Cantavella es asesor fiscal. Empezó su carrera como asalariado pero a raíz de una conversación con amigos identificó un side project que merecía la pena explorar. Ahora desde su firma Relocate&Save trabaja para proteger el capital de sus clientes. Israel Kirzner definió al empresario como aquel que está alerta a las oportunidades que ofrece el mercado. Un empresario, desde la perspectiva austríaca de la economía, mantiene los ojos abiertos en un mundo en constante cambio. Eso es lo que hizo Marc.Kapital es posible gracias a sus colaboradores:⁠⁠UTAMED⁠⁠. La universidad online del siglo XXI⁠⁠.UTAMED, la universidad oficial y online de la Fundación Unicaja, nace para romper las barreras que durante décadas han limitado el acceso a la educación y la cultura. Con exámenes 100 % online y financiación sin intereses, ofrecemos una formación accesible, flexible y comprometida con el presente. Porque hoy ya no basta con obtener un título: en UTAMED te preparamos para trabajar desde el primer año. Lo hacemos junto a la empresa, adaptando los contenidos académicos a sus demandas reales, para que nuestros estudiantes adquieran las competencias más valoradas en el mercado laboral. Por ser oyente de este podcast, tienes un descuento del 30% en todo el catálogo de grados y másteres, oficiales y propios.La casa ESE⁠. ¿Cómo quieres vivir?Aquí de vuelta los pesaos queridos amigos de La casa ESE. Buscando la forma de seguir inventando cosas ya inventadas hemos creado mapadecasas.com, allí tendréis la oportunidad de encontrar, más que vuestra futura casa, vuestra futura vida. Sí, es muy ambicioso. En Madrid, por ejemplo, vamos a crear un conjunto residencial donde además de habitar, podamos llevar un poquito del Mediterráneo moral. No sólo una casa, sino un lugar que tenga zonas verdes, espacios comunitarios y hasta un edificio que pueda hacer las veces de coworking entre otras cosas. A 30 minutos de Madrid y buscando gente afín al mundo tecnológico, al emprendimiento, al marketing y a la cultura. Visita la propuesta de Distrito ESE.Patrocina Kapital. Toda la información en este link.Índice:2:30 Networking en Andorra.4:55 Emprender es de pijos.11:44 A taste of freedom can make you unemployable.19:49 Spanish pickpockets operating in this area.30:03 La curva de Laffer.44:13 ¿Qué hay detrás del capital?51:17 Anticipando el futuro exit tax.1:00:16 Aranceles de Trump.1:08:21 ¿Soy suficiente rico para marcharme?1:11:53 Andorra para los andorranos.1:19:13 Llamémosle competencia, no dumping fiscal.1:26:54 Mil historias de mil clientes.1:36:13 La paradoja del inmigrante clarividente.1:50:17 Millonarios por herencia.Apuntes:El individuo soberano. William Rees-Mogg & James Dale Davison.El capital en siglo XXI. Thomas Piketty.Incerto. Nassim Nicholas Taleb.

Chris tears apart the tariff narrative with Nassim Nicholas Taleb's San Francisco Fed data. For every $100 of Chinese-made goods sold in the U.S., China takes just $12, while the U.S. pockets $88 via design, shipping, and retail. With 150% tariffs slashing demand 50%, Markowski argues it's us, not China, losing big—$44 vs. their $6. He calls out gaslighting on job losses, blaming U.S. money printing and regulations, not China, for rising costs. www.watchdogonwallstreet.com

Episode 128: Jeanne Omlor - 7 figure Coach for Coaches and Consultants & Antifragile: Things That Gain From Disorder by Nassim Nicholas Taleb"I'm mission driven so I just really emotionally connected to helping people to thrive and that's one of my larger massive transformative purposes on this earth..."ABOUT JEANNEJeanne Omlor is a Business Strategist, multi 7-Figure Online Business Coach, and Certified Servant Leadership Executive Coach. At 54 years old she was a solo parent in deep debt and got herself online and to $1M in 17 months, without ads, and has since scaled to multi-millions in 5 years. Her company has helped almost 500 businesses to thrive online. She is emotionally connected to helping others prosper, as she lived in lack for years and overcame that mindset. She is now helping as many people as she can to maximize profits and reach their full potential while being the visionary they're destined to be.CONVERSATION HIGHLIGHTS• When business owners lose heart.• Eliminating the word "try" from your vocabulary and mentality.• The power of real partnership in coaching and business.• Business-client communication is a two-way street.• "...everything that we go through, we're either going to develop from it, or we're going to get bitter from it, or we're going to get stuck in a pattern from it, or we're going to grow from it."• Life as an adventure.• The romanticism of a frugal, artistic life.• The primary intelligence of human beings -- adaptation.• Actors and Psychology.• "And I thought, I'm just going to do this. I'm not going to give up. I'm not going to say this is hard. It's the only way forward now. And I knew that it was a gift. I know an opportunity when I see it."• The "No flies on me" idiom.• "I'm kind of bossy."• The value of messy action.• "Getting your ducks in a row is the worst thing you could possibly do ever."• The experimentation and the "series of tests" that is business -- and life, for that matter.• "Why would I want to be in your movie?"• As it pertains to anti-fragility, the value in being triggered.• The danger in using the word "trauma" in the wrong way.• "There's no such thing as a comfort zone." -- paralysis by lack of analysis.• The power of religion to shape who we are.The MAIN QUESTION underlying my conversation with Jeanne is, How are you taking what has challenged you the most and made yourself better?FIND JEANNEWebsite: https://jeanneomlor.com/reviews/LinkedIn: https://www.linkedin.com/in/jeanneomlorFacebook: https://www.facebook.com/jeanneomlor/Podcast: https://podcasts.apple.com/us/podcast/business-wealth-impact/id1723749967LinkedIn – Full Podcast Article: https://www.linkedin.com/pulse/episode-128-jeanne-omlor-antifragile-things-gain-from-john-m--4bjze/?trackingId=xmeL6E3URDuyEpKe0ehU3Q%3D%3DCHAPTERS00:00 - The Book Leads Podcast – Jeanne Omlor00:56 - Introduction & Bio01:44 - Who are you today? Can you provide more information about your work?03:29 - How Jeanne developed her business philosophy for serving the client.11:07 - The power of Unreasonable Hospitality19:50 - How did your path into your career look like, and what did it look like up until now?32:51 - Jeanne on her creative and artistic nature.40:14 - How does the work you're doing today reconcile to who you were as a child?44:30 - What do you consider your super power?54:56 - Can you introduce us to the book we're discussing?59:52 - The need for anti-fragility in society today.01:12:11 - What are you up to these days? (A way for guests to share and market their projects and work.)This series has become my Masterclass In Humanity. I'd love for you to join me and see what you take away from these conversations.Learn more about The Book Leads and listen to past episodes:Watch on YouTubeListen on SpotifyListen on Apple PodcastsRead About The Book Leads – Blog PostFor more great content, subscribe to my newsletter Last Week's Leadership Lessons, if you haven't already!

Don't use mouthwash.   Why?   It's not Lindy.   At least that's what Paul Skallas, a Chicago-born technology lawyer who goes by Lindyman online, says. I was fascinated to read a New York Times profile of him titled "The Lindy Way of Living," and knew I wanted to have him on 3 Books.   In the 2012 book 'Antifragile,' the statistician and scholar Nassim Nicholas Taleb coined "the Lindy Effect." He wrote, "For the perishable, every additional day in life translates to a shorter additional life expectancy, kind of like me and you and the cheese and our fridge, or the milk and our fridge. But for the non-perishable, every additional day may imply a longer life expectancy." The Lindy Effect says that the longer something has been around, the longer it will stay around.   Paul took this heuristic and with his unique and perceptive insights along with his deep reading of ancient history came to apply it to a broad range of things, including health. He doesn't use mouthwash, a relatively new invention that kills good *and* bad bacteria. But floss—poking stuff out of your teeth—has been around for thousands of years, so that can stay.   This Lindy heuristic is a useful way to navigate our noisy modern world. As reality destabilizes with spiking AI and a fracturing media landscape we can learn and apply long-range lessons from the past to help us today. I love the unique, provocative, and often challenging 'The Lindy Newsletter,' which Lindyman publishes 2-3x weekly, to help us apply the framework to topics as diverse as urban planning, dating, medical trends, drinking trends, and even whether we should listen to health influencers.   Lindyman gave me 3 very interesting and formative books. We talk about them along with the unintended consequences of the woke movement, why you should eat vegan once a week, how modern employment is destroying families, and much more. If you like to have your brain stretched like taffy and provoked by unusual thoughts this is the chapter for you.   Let's flip the page to chapter 145 now.

This time we discuss Nassim Nicholas Taleb's article "IQ is Largely a Pseudoscientific Swindle" -- a title whose compliment is that he's claiming IQ is a bit scientifically valid. But which bits does he claim are valid? We use this article as a springboard to consider: Do the numbers produced by an IQ test say something meaningful or useful about human minds? Would these tests be better off in the dustbin of history? Are they ever useful? And is there overlap between Taleb's take on IQ and the negative view of these tests held by many critical rationalists? What does Taleb agree (or disagree) with CritRats over when it comes to IQ? Taleb's original article found here.

Behold, the eye of Yahweh is on those who fear him,    on those who hope in his steadfast love, that he may deliver their soul from death    and keep them alive in famine. - Psalm 33:18-19   This Episode's Links and Timestamps: 00:00 – Scripture Reading 02:54 – Introduction 20:44 – Some Personal Reflections on Uncertainty, Predictability, and Planning 40:36 – The replies to this viral post are actually filled with wise advice. Take a look, then let's talk game theory. – Joel Abbott, NTB 58:25 – ‘The Black Swan: The Impact of the Highly Improbable' by Nassim Nicholas Taleb - Goodreads 1:18:38 – Comparing and Contrasting Game Theory, Chaos Theory, and ‘The Black Swan' 1:30:41 – Commentary on Psalm 33

«La democracia se convertiría en la estrategia para transferir recursos militares al estado. La democracia de masas se convirtió en la nueva soberanía. Todos los que alcanzaron la mayoría de edad en el siglo XX fueron inculcados en los deberes y obligaciones del ciudadano. Los imperativos morales residuales de la era industrial estimularán ataques neoluditas a las tecnologías de la información». El individuo soberano no es un libro, es una profecía. CitizenX es un proyecto de autodefensa. Me gustaría anunciar un proyecto personal: ⁠El proyecto K⁠. Diseña tu propia cartera Pablo González Vidal fue el invitado número 148 al podcast de Kapital. Me llamó la atención su tono tranquilo y pausado describiendo las trampas del sector bancario. Pensé que podríamos trabajar juntos así que le escribí y ahora lanzamos El Proyecto K, una formación online en diseño de carteras. Nuestro objetivo es que, contándote de forma práctica todo lo que necesitas saber, te construyas tú mismo una cartera de bajo coste y diversificada, ahorrándote la comisión de esos lobos disfrazados de cordero que son los family bankers. Una comisión de gestión del 2% sobre un capital de 50.000 representa una injustificable losa anual de 1.000 euros. Creemos que saldrás ganando si te cocinas la cartera tú mismo y te explicaremos en el taller cómo hacerlo. El aforo está completo para la primera edición pero si te estás interesado escríbeme por correo o Twitter que en febrero abriremos nuevas plazas. Patrocina Kapital. Toda la información en este link. Índice: 1:46 Un mercado de ciudadanías, no pasaportes. 13:03 El poder de los estados. 20:01 El muro de la vergüenza. 24:45 Principio de precaución. 30:14 La doble nacionalidad como una opción abierta. 36:51 No es dumping fiscal, es competencia perfecta. 43:02 La privatización de los países. 48:01 Refugios, no paraísos. 55:31 Las externalidades, positivas y negativas, del capital extranjero. 1:08:22 ¿Puedo vender mi nacionalidad? 1:12:29 La privacidad que solo ofrece el bitcoin. 1:26:01 La futura confiscación de activos en Europa. 1:33:34 Desde John McAfee hasta Pavel Durov. 1:43:16 La vida es demasiado difícil en Londres. 1:48:04 La responsabilidad individual de protegerte. Apuntes: The ultimate guide to citinzenship. Alex Recouso. El individuo soberano. William Rees-Mogg & James Dale Davison. The network state. Balaji Srinivasan. Incerto. Nassim Nicholas Taleb. La increíble historia de la Isla de las Rosas. Sydney Sibilia. Securitize citizenship! Naval Ravikant.

«Existe un grupo de empleados que no son esclavos, aunque representan un pequeño porcentaje. Puede identificarlos de la siguiente manera: no se preocupan por su reputación, al menos no por su reputación dentro de la empresa. Recuerdo que me preguntaron por qué no llevaba corbata. ‘Una parte arrogancia, una parte estética, una parte conveniencia' era mi respuesta habitual. Si generaba ingresos podía decirles a mis gerentes lo que pensaba, sabiendo que tragarían, temerosos de perder sus empleos. Quienes corren riesgos pueden ser personas socialmente impredecibles. La libertad siempre se asocia con el riesgo, bien sea porque conduzca o provenga de ella. Corriendo riesgos te sientes parte de la historia. Y los apostadores asumen riesgos porque, en su naturaleza, son animales salvajes». Nassim Taleb en Jugarse la piel. Me gustaría anunciar un proyecto personal: ⁠El proyecto K⁠. Diseña tu propia cartera Pablo González Vidal fue el invitado número 148 al podcast de Kapital. Me llamó la atención su tono tranquilo y pausado describiendo las trampas del sector bancario. Pensé que podríamos trabajar juntos así que le escribí y ahora lanzamos El Proyecto K, una formación online en diseño de carteras. Nuestro objetivo es que, contándote de forma práctica todo lo que necesitas saber, te construyas tú mismo una cartera de bajo coste y diversificada, ahorrándote la comisión de esos lobos disfrazados de cordero que son los family bankers. Una comisión de gestión del 2% sobre un capital de 50.000 representa una injustificable losa anual de 1.000 euros. Creemos que saldrás ganando si te cocinas tú mismo la cartera y te explicaremos en el taller cómo hacerlo. El aforo está completo para la primera edición pero si te estás interesado escríbeme por correo o Twitter que en febrero abriremos nuevas plazas. Patrocina Kapital. Toda la información en este link. Índice: 1:46 El resbalón de Cucurella. 7:01 Debes ser dueño de tus riesgos. 11:16 La humildad intelectual. 18:03 ¿Quiero trabajar en lo mío? 32:11 Los japoneses no tienen private equity. 36:31 El alma en los cómics de Moore. 46:12 No es una ventaja si puedes explicarla. 55:41 El campo de distorsión de la realidad. 1:08:03 El hilo turras del científico. 1:16:05 El infierno son los demás. 1.24.01 No eres lo que tienes, sino lo que temes perder. 1:35:30 El lobo y el perro. 1:43:42 Nunca dar consejos. 1:46:07 Resolución de problemas complejos. Apuntes: Jugarse la piel. Nassim Nicholas Taleb. El cisne negro. Nassim Nicholas Taleb. Pensar rápido, pensar despacio. Daniel Kahneman. When reason goes on holiday. Neven Sesardic. Believe and destroy. Christian Ingrao. Pure, white and deadly. John Yudkin. The human brand. Chris Malone & Susan T. Fiske. La peste. Albert Camus. El hombre en busca de sentido. Viktor Frankl. From hell. Alan Moore. Watchmen. Alan Moore. El gourmet solitario. Jiro Taniguchi. El caminante. Jiro Taniguchi. El almanaque de mi padre. Jiro Taniguchi. Una vida errante. Yoshihiro Tatsumi. El invierno del dibujante. Paco Roca. Dios lo ve. Oscar Tusquets. Steve Jobs. Walter Isaacson. The psychology of human misjudgment. Charlie Munger. Blowing up. Malcolm Gladwell. Only the paranoid survives. Andrew Grove. Lights out. Thomas Gryta & Ted Mann Action philosophers! Fred van Lenthe.

En este episodio, analizo Antifrágil de Nassim Nicholas Taleb, un libro que te enseña a prosperar en un mundo lleno de caos e incertidumbre. Aprenderás: Cómo aplicar la antifragilidad en tu vida diaria. Estrategias para manejar riesgos, incertidumbre y fracasos. Claves para transformar el caos en una oportunidad de crecimiento. Además, te comparto cómo acceder a nuestra guía práctica basada en el libro. Escucha el episodio para descubrir cómo puedes obtenerla comentando "Quiero la guía" en nuestras redes. ¡No olvides seguirnos para más análisis y estrategias prácticas!

En este episodio, analizo Antifrágil de Nassim Nicholas Taleb, un libro que te enseña a prosperar en un mundo lleno de caos e incertidumbre. Aprenderás: Cómo aplicar la antifragilidad en tu vida diaria. Estrategias para manejar riesgos, incertidumbre y fracasos. Claves para transformar el caos en una oportunidad de crecimiento. Además, te comparto cómo acceder a nuestra guía práctica basada en el libro. Escucha el episodio para descubrir cómo puedes obtenerla comentando "Quiero la guía" en nuestras redes. ¡No olvides seguirnos para más análisis y estrategias prácticas!Conviértete en un seguidor de este podcast: https://www.spreaker.com/podcast/conocimiento-experto--2975003/support.

What does leadership look like in a decentralized future? Whether we're talking about different generations of warfare or how it appears to be shifting before our very eyes, the target is no longer just a government or its military, but the very people. In this episode, we trace through a series of books, arguments, and ideas to get a picture of what leadership looks like and what things it must hold in tension with one another to succeed. Books Mentioned: Brave New War by John RobbWhy Young Men by Jamil JivaniExtreme Ownership by Jocko WillinkSkin in the Game by Nassim Nicholas TalebLeadership and Emotional Sabotage by Joe RigneyThis episode has been sponsored by Obsidian Arms, a manufacturer of tools, parts and firearms, as well as operating as an OEM shop for those looking to bring excellence to the market. Their Minnesota-based shop builds and cuts parts out of U.S.-sourced materials. Their gunsmith tools, custom firearms, and capabilities can be found at www.obsidianarms.comSupport the REDACTED Culture Cast at redactedculture.locals.comSSP and boutique products at redactedllc.comFollow us on Instagram at @redactedllc

First on today's show, Ralph welcomes author, statistician, and professor Nassim Nicholas Taleb to discuss the wars in Gaza and Lebanon and give us his take on the election results. Then, Ralph and journalist Ryan Grim speak about President-Elect Trump's cabinet appointments and what we can expect from the upcoming Trump Administration. Finally, we're joined by constitutional law expert Bruce Fein for a post-election Donald Trump legal roundup.  Nassim Nicholas Taleb spent twenty-one years as a derivatives trader before changing careers to become a scholar, mathematical researcher and philosophical essayist. Mr. Taleb's works focus on mathematical, philosophical, and practical problems with risk and probability, as well as on the properties of systems that can handle disorder.  He is the author of many essays and books about risk and uncertainty including the New York Times bestselling The Black Swan and his latest Skin in the Game: Hidden Asymmetries in Daily Life.The supporters of Israel are getting smaller in relative economic and financial size—and of course, in technological size as well. So it's getting smaller while at the same time, Israel relies more and more on their support. So that's not a robust situation. In other words, the strategy of Israel being continuously confrontational has led to more and more confrontation, and the strategy of relying on the West is not going to pay off.Nassim Nicholas TalibIsrael has been behaving like a child with a strong personality and been capable of winning concessions from her or his parents continuously. So that's what has been happening. But the problem is— not finding any resistance, they kept going, they kept going, and one day they realized that, ah, they went too far but it was too late. So you can rely on AIPAC to do a bunch of things, but at some point, the strategy is not going to work.Nassim Nicholas TalibRyan Grim is co-founder of Drop Site News, host of the podcast Deconstructed, and co-host of the show Counter Points. He was previously D.C. Bureau Chief for The Intercept and the Washington bureau chief for HuffPost, and he has been a staff reporter for Politico and the Washington City Paper. He is the author of the books This Is Your Country on Drugs, We've Got People, and The Squad: AOC and the Hope of a Political Revolution.[The incoming administration of Trump and his Trumpsters] are very aggressive. They think they're above the law. They are greedy. They want to turn the U .S. government into a honeypot for their commercial paymasters—which include their own businesses, by the way, like Elon Musk. And when that happens—when you have greed and almost total power with the Supreme Court on your side, with the Congress under Republican control—you're inevitably going to get serious examples of corruption. You're inevitably going to get blatant corruption. Ralph NaderSo far, to a lot of people's great disappointment, Democrats have been pretty terrible at [going after corruption]. So on the one hand, they angered the entire support base for Donald Trump and whipped them up into a frenzy accusing Democrats of prosecuting their enemies, while at the same time not actually prosecuting them for any corruption…Now, because the Trump movement has been able to argue to its base that it feels persecuted, they are probably going to spend a significant amount of their energy going after those who they see as their persecutors. Ryan GrimTime is one of [Donald Trump's] restraints and incompetence is another. He's up against those two elements—and in-fighting. There are a number of competing factions for his attention and for his agenda and they are going to relentlessly work to undermine each other. So that factor will restrain him. Ryan GrimBruce Fein is a Constitutional scholar and an expert on international law.  Mr. Fein was Associate Deputy Attorney General under Ronald Reagan and he is the author of Constitutional Peril: The Life and Death Struggle for Our Constitution and Democracy, and American Empire: Before the Fall.I do think there's a remedy here, and that is I think that any of the decisions made by the people who are appointed through illegal or unconstitutional recess appointments, when they take any action, you wouldn't have to comply with their actions. You can say the decisions, their orders are null and void because they weren't appointed properly.Bruce Fein Get full access to Ralph Nader Radio Hour at www.ralphnaderradiohour.com/subscribe

In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry's new book, Enrich Your Future: The Keys to Successful Investing. In this series, they discuss Chapter 18: Black Swans and Fat Tails.LEARNING: Never treat the unlikely as impossible. Diversify your portfolio to withstand black swans. “If you build a portfolio that can withstand the black swans and is highly diversified, then psychological or economic events won't force you to sell.”Larry Swedroe In this episode of Enrich Your Future, Andrew and Larry Swedroe discuss Larry's new book, Enrich Your Future: The Keys to Successful Investing. The book is a collection of stories that Larry has developed over 30 years as the head of financial and economic research at Buckingham Wealth Partners to help investors. You can learn more about Larry's Worst Investment Ever story on Ep645: Beware of Idiosyncratic Risks.Larry deeply understands the world of academic research and investing, especially risk. Today, Andrew and Larry discuss Chapter 18: Black Swans and Fat Tails.Chapter 18: Black Swans and Fat TailsIn this chapter, Larry explains the importance of never treating the unlikely as impossible and ensuring your plan includes the near certainty that black swan events will appear. Thus, your plan should consider their risks and how to address them.Understanding the risk of fat tailsIn terms of investing, Larry says, fat tails are distributions in which very low and high values are more frequent than a normal distribution predicts. In a normal distribution, the tails to the extreme left and extreme right of the mean become smaller, ultimately reaching zero occurrences.However, the historical evidence on stock returns is that they demonstrate occurrences of low and high values that are far greater than theoretically expected by a normal distribution. Thus, understanding the risk of fat tails is essential to developing an appropriate asset allocation and investment plan. Unfortunately, Larry notes, many investors fail to account for the risks of fat tails.History of the black swansWith the publication of Nassim Nicholas Taleb's 2001 book Fooled by Randomness, the term black swan became part of the investment vernacular—virtually synonymous with the term fat tail. In his second book, The Black Swan, published in 2007, Taleb called a black swan an event with three attributes:It is an outlier, as it lies outside the realm of regular expectations because nothing in the past can convincingly point to its possibility.It carries an extreme impact.Despite its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.Taleb went on further to show that stock returns have big fat tails. Their distribution of returns is not normally distributed, and fat tails mean that what people think are unlikely events are much more likely to occur than people believe will.To illustrate this, Larry uses an example: if you take stock returns, and in the last 100 years, you cut out one best month per year, which is 1% of the...

C'est quoi une entreprise Anti Fragile ? Découvrez le concept de Nassim Nicholas Taleb dans son livre “Antifragile – les Bienfaits du Désordre”  Toutes les infos sur  https://www.conseilsmarketing.com/growth-hacking/le-concept-antifragile-de-nicolas-taieb/

“The wind extinguishes a candle and energizes fire.” ~Taleb (2014) In this episode, I'm talking about Antifragility, a concept even more powerful than resiliency and grit. It's about overcoming. Harnessing the wind and being the fire that is energized. As Nietzsche (and Kanye) have said…that that don't kill me…can only make me stronger…” Antifragility, resilience, and grit are valuable tools in combating gender inequity so we can transcend and thrive. Despite the barriers that create an unlevel playing field for far too many talented, highly qualified women, it is possible that WE can have the last word in the end if we adopt an antifragility mindset. #tunein to harness your emotional intelligence superpowers!  #antifragility #grit #resilience #transcend #thrive Reference The 4Ps Advancement Model™ https://advancingwomenpodcast.com/4ps-advancement-model-problem-patterns-process-proficiency/ Nassim Nicholas Taleb (2014) Antifragile: Things That Gain from Disorder. Random House Publishing For more about Dr. DeSimone and the Advancing Women Podcast https://www.instagram.com/advancingwomenpodcast/ https://www.facebook.com/advancingwomenpodcast/ https://www.linkedin.com/in/kimberly-desimone-phd-mba-ba00b88/ https://advancingwomenpodcast.com/

If there's one thing the pandemic taught us, it's that market disruptions can spell disaster for unprepared companies. Aaron McEwan, a behavioral scientist and futurist, is at the forefront of this challenge. As part of Gartner's Rapid Response Market Sensing Team, he specializes in identifying workplace shifts before they happen. In this episode, Aaron shares how he leverages insights from his career and lessons learned during the pandemic to identify and tackle workplace shifts – before they happen. Aaron McEwan is a prominent behavioral scientist, psychologist, and futurist based in Australia. He currently is the Vice President of Research & Advisory for Gartner's HR Practice, providing strategic insights on talent management and the future of work to leading global companies.  In this episode, Dart and Aaron discuss:- Gartner's Rapid Response Market Sensing Team- Market sensing and identifying trends- The largest market challenges since the pandemic- Social movements that are starting to bubble- Social media-driven employee activism- Early detection of workforce disruptions - Rapid responses to opportunities and threats- Signals of reemergent labor activism- And other topics…Aaron McEwan is a prominent behavioral scientist, psychologist, and futurist based in Australia. He currently serves as the Vice President of Research & Advisory for Gartner's HR Practice, providing strategic insights on talent management and the future of work to leading global companies. Recognized as a Top 100 Global HR Influencer, Aaron emphasizes evidence-based practices that help organizations optimize performance and adapt to changing work environments.Aaron is also a Fellow of the Australian Human Resources Institute and an Associate of Macquarie University's Centre for Workforce Futures. He has lectured at several universities, including the University of NSW and the University of Queensland. His interdisciplinary approach often draws from his background in music, where he performed and wrote original pieces, applying lessons from that experience to leadership and teamwork in organizational settings. Resources mentioned:The Black Swan, by Nassim Nicholas Taleb: https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381XConnect with Aaron:LinkedIn: https://www.linkedin.com/in/aaronmcewan Smarter with Gartner: https://www.gartner.com.au/en/smarterwithgartner 

In this episode of the Grow a Small Business podcast, host Troy Trewin interviews David Gaz of The Bureau of Small Projects shares his journey to building a successful business with $3.5 million in revenue and a 40-person team. He discusses embracing a path-oriented approach to growth, the importance of resilience, and how Zen practices and mentorship have helped him maintain balance. Why would you wait any longer to start living the lifestyle you signed up for? Balance your health, wealth, relationships and business growth. And focus your time and energy and make the most of this year. Let's get into it by clicking here. Troy delves into our guest's startup journey, their perception of success, industry reconsideration, and the pivotal stress point during business expansion. They discuss the joys of small business growth, vital entrepreneurial habits, and strategies for team building, encompassing wins, blunders, and invaluable advice. And a snapshot of the final five Grow A Small Business Questions: What do you think is the hardest thing in growing a small business? According to David Gaz, the hardest thing in growing a small business is managing people. He emphasises that dealing with the complexities of team dynamics and maintaining a positive, productive culture can be particularly challenging. What's your favourite business book that has helped you the most? David Gaz's favourite business book that has helped him the most is "Antifragile" by Nassim Nicholas Taleb. He finds it valuable for its insights into thriving amid change and uncertainty, which he believes is crucial for navigating today's rapidly evolving business environment. Are there any great podcasts or online learning resources you'd recommend to help grow a small business? David Gaz recommends the Grow a Small Business podcast as a great resource for growing a small business. He appreciates the podcast for its engaging content and valuable insights, making it a useful tool for entrepreneurs looking to expand their knowledge and skills. What tool or resource would you recommend to grow a small business? David Gaz suggests that tools or resources that help you stay centred and resilient are essential for growing a small business. He specifically mentions meditation and fly fishing as practices that help him maintain balance and mental clarity, which can be crucial for business growth. What advice would you give yourself on day one of starting out in business? David Gaz advises that on day one of starting a business, focus less on having a detailed business plan and more on simply starting. He emphasises that luck plays a significant role in business success, and likens it to getting hit by a freight train—it only happens if you're on the tracks. Book a 20-minute Growth Chat with Troy Trewin to see if you qualify for our upcoming course. Don't miss out on this opportunity to take your small business to new heights! Enjoyed the podcast? Please leave a review on iTunes or your preferred platform. Your feedback helps more small business owners discover our podcast and embark on their business growth journey.     Quotable quotes from our special Grow A Small Business podcast guest: The only thing that guarantees success in business is to never give up – David Gaz Luck is like getting hit by a freight train; it only happens if you're on the track. – David Gaz Zen practices and resilience are key tools for thriving in a fast-changing world –David Gaz      

Nassim Nicholas Taleb er sérfræðingur í líkindum, fjárfestingum og almennum kóngalífstíl. Tvímælalaust einn af mikilvægari höfundum samtímans, eins og stöðugar vinsældir bóka hans sýna. Á meðal þeirra: Fooled by Randomness, Black Swan, Antifragile og Skin in the Game. Í þessum þætti förum við efnislega yfir einstaka, nýstárlega og nærandi hugmyndafræði Taleb, sem getur líklega gert þig að betri manni. Viltu til dæmis hætta að vera viðkvæmur og verða beinlínis andviðkvæmur? Engrar þekkingar á neinu krafist til þess að ýta bara á play!

Since our formal inception more than a decade ago, the LUF Team has championed professional reading.  The LUF team believes that a careful examination of history's most accomplished mission-oriented leaders reveals that their success was strongly correlated to a scholarly appreciation of literature and professional reading.  In 2022, LUF launched our inaugural book club.   LUF online book clubs have been a conduit to meaningful discourse, reflection, and critical thought.    In this podcast episode, LUF's Senior Mentor Jim Roussell unpacks Nassim Nicholas Taleb's "Black Swan" with a LUF Book Club.  Jim provides valuable insight into the leadership traits and organizational practices that will equip mission-oriented leaders and units to respond to unpredictable and improbable events. 

Nassim Nicholas Taleb er sérfræðingur í líkindum, fjárfestingum og almennum kóngalífstíl. Tvímælalaust einn af mikilvægari höfundum samtímans, eins og stöðugar vinsældir bóka hans sýna. Á meðal þeirra: Fooled by Randomness, Black Swan, Antifragile og Skin in the Game. Í þessum þætti förum við efnislega yfir einstaka, nýstárlega og nærandi hugmyndafræði Taleb, sem getur líklega gert þig að betri manni. Viltu til dæmis hætta að vera viðkvæmur og verða beinlínis andviðkvæmur? Engrar þekkingar á neinu krafist til þess að ýta bara á play!

Rick Howard, N2K CyberWire's Chief Analyst and Senior Fellow, discusses the idea that Cybersecurity is radically asymmetrically distributed. It means that cybersecurity risk is not the same for all verticals and knowing that may impact the first principle strategies you choose to protect your enterprise. For a complete reading list and even more information, check out Rick's more detailed essay on the topic. References: André Munro, 2024. Liberal democracy [Explainer]. Encyclopedia Britannica. David Weedmark, 2017. Why do some states require emissions testing? [Explainer]. Autoblog. Kara Rogers, 2020. What Is a Superspreader Event? [Explainer]. Encyclopedia Britannica. Lara Salahi, 2021. 1 Year Later: The ‘Superspreader' Conference That Sparked Boston's COVID Outbreak [News]. NBC10 Boston. Malcolm Gladwell, 2002. The Tipping Point: How Little Things Can Make a Big Difference [Book]. Goodreads. Malcolm Gladwell, 2005. Blink: The Power of Thinking Without Thinking [Book]. Goodreads. Malcolm Gladwell, 2008. Outliers: The Story of Success [Book]. Goodreads. Malcolm Gladwell, 2019. Talking to Strangers: What We Should Know About the People We Don't Know [Book]. Goodreads. Malcolm Gladwell, 2021. The Bomber Mafia: A Dream, a Temptation, and the Longest Night of the Second World War [Book]. Goodreads.  Malcom Gladwell, 2024. Medal of Honor: Stories of Courage [Podcast]. Pushkin Industries. Malcolm Gladwell. Revisionist History [Podcast]. Pushkin Industries. Michael Lewis, 2003. Moneyball: The Art of Winning an Unfair Game [Book]. Goodreads. Michael Lewis. Against the Rules [Podcast]. Pushkin Industries. Nassim Nicholas Taleb, 2007. The Black Swan: The Impact of the Highly Improbable [Book]. Goodreads. Rick Howard, 2023. Cybersecurity First Principles: A Reboot of Strategy and Tactics [Book]. Goodreads. Rick Howard, 2023. Cybersecurity First Principles Book Appendix  [Diagram]. N2K CyberWire. Rick Howard, 2023. Cybersecurity moneyball: First principles applied to the workforce gap. [Podcast]. The CyberWire. Rick Howard, Simone Petrella , 2024. The Moneyball Approach to Buying Down Risk, Not Superstars [Presentation]. RSA 2024 Conference. Robert Soucy, 2024. Fascism [Explainer]. Encyclopedia Britannica. Staff, 2022. Information Risk Insights Study: A Clearer Vision for Assessing the Risk of Cyber Incidents [Report]. Cyentia Institute. Staff. Congressional Medal of Honor Recipients [Website]. Congressional Medal of Honor Society. Staff. North American Industry Classification System (NAICS)  [Website]. U.S. Census Bureau. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode, Nick and Chris discuss black swan events, which are rare and unpredictable events with significant consequences. They explore the criteria for a black swan event and provide examples such as the 2008 financial crisis and the 9/11 terrorist attacks. They also discuss the predictability of these events and the impact they have on society and the global order. The conversation explores the concept of black swan events and their impact on history and society. It discusses various examples of black swan events, including the South Sudan basketball team playing the wrong national anthem, the 9/11 terrorist attacks, and the COVID-19 pandemic. The conversation also touches on the US intelligence community's Global Trends reports, which predict future trends and potential black swan events. It concludes with a discussion on the limitations of predicting and preparing for black swan events. Chapters 00:00 Introduction and Multilingual Podcast 01:17 Marvel Casting Robert Downey Jr.: A Cry for Help? 06:16 The Concept of Black Swan Events 14:09 Examples of Black Swan Events: 2008 Financial Crisis 19:00 Nassim Nicholas Taleb's Definition of Black Swan Events 23:45 9/11: A Black Swan Event 28:03 Introduction to Black Swan Events 29:58 Examples of Black Swan Events 36:29 The Role of US Intelligence in Predicting Black Swan Events 45:19 Geomagnetic Storms and Other Potential Black Swan Events 47:42 The Consequences of US Disengagement

This episode is a two-for-one, and that's because the podcast recently hit its 10-year anniversary and passed one billion downloads. To celebrate, I've curated some of the best of the best—some of my favorites—from more than 700 episodes over the last decade. I could not be more excited. The episode features segments from episode #691 "Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More" and #639 "Todd McFarlane, Legendary Comic Book Artist — How to Make Iconic Art, Reinvent Spider-Man, Live Life on Your Own Terms, and Meet Every Deadline"Please enjoy!Sponsors:Momentous high-quality supplements: https://livemomentous.com/tim (code TIM for 20% off)Eight Sleep's Pod 4 Ultra sleeping solution for dynamic cooling and heating: https://eightsleep.com/tim (save $350 on the Pod 4 Ultra)LMNT electrolyte supplement: https://drinklmnt.com/Tim (free LMNT sample pack with any drink mix purchase)Timestamps:[04:51] Notes about this supercombo format.[05:54] Enter Nassim Nicholas Taleb and Scott Patterson.[06:32] The joy of writing a preemptive resignation letter.[07:13] Developing resilience against criticism.[10:04] Nassim: contrarian, or simply independent?[12:27] Jiving with skeptical turkeys.[17:21] Persisting through the polycrisis.[19:18] Introducing the precautionary principle.[21:37] Nassim's preferred legacy.[23:50] Precautionary principle 101.[25:14] Fat tails, thin tails, the COVID vaccine, and GMOs.[32:51] Enter Todd McFarlane.[33:21] Baseball.[38:46] Rejection letters.[42:38] Compelling storytelling and meeting deadlines.[45:46] Deadlines pre-Internet vs. deadlines today.[48:36] How industry status quo led to the founding of Image Comic Books.[1:00:30] The Comics Code and the last straw.[1:06:52] The Marvel Dream Team exodus.[1:25:13] How is Todd's camel bladder a competitive advantage?[1:31:02] Career bouncing and double-shifting as a penciler and inker.[1:49:08] The happy accident of Venom.[1:55:46] De-Rockwelling the company icon and inventing "spaghetti webbing."[2:03:31] Bucking the status quo to become the status quo.[2:07:13] Parting thoughts and a promise for round two.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Abraham Lincoln once said, “By failing to prepare, you are preparing to fail”. So why do well-known risk managements models fail to predict major events? Is it possible to know when and where the next crisis will come from? And how can we be better prepared? In this episode of 2050 Investors, host Kokou Agbo-Bloua explores the theory of Black Swans, created by Nassim Nicholas Taleb, and its relevance to sustainability, climate change, and financial markets.Delving into the world of the unexpected, he draws parallels between the dramatic twists and turns of Tchaikovsky's "Swan Lake" and the unpredictability of life and finance, to investigate how sudden, unforeseen events—Black Swans—impact markets and our globalized world. Kokou explains how these rare events, like the 2008 financial crisis and the recent COVID-19 pandemic, reshape financial landscapes.In the context of climate change, these black swans are rebranded as ‘Green Swans', symbolizing the increasing frequency and severity of climate events such as floods, heat waves, and wildfires. Join host Kokou Agbo-Bloua as he assesses the impact of these Green Swans on our ability to manage risks and how they pose significant challenges for our economies and sustainability efforts. Kokou also emphasizes the importance of understanding the limitations of traditional risk management models and adapt in a rapidly changing world.Lastly, he explores how the principles of antifragility, another term coined by Taleb, can help systems benefit from external stressors, making them more resilient in the face of volatility and uncertainty.About this showWelcome to 2050 Investors, your monthly guide to understanding the intricate connections between finance, globalisation, and ESG.Join host Kokou Agbo-Bloua, Head of Economics, Cross-Asset & Quant Research at Societe Generale, for an exploration of the economic and market megatrends shaping the present and future, and how these trends might influence our progress to meeting 2050's challenging global sustainability targets.In each episode, Kokou deep-dives into the events impacting the economy, financial markets, the planet, and society. Through a magical blend of personal anecdotes, in-depth research and narratives overlaid with music, sound effects, and pop culture references, there's certainly something for everyone.Kokou also interviews industry-leading experts, personalities, entrepreneurs and even Nobel prize winners! You will learn from the best on a wide range of subjects on current affairs, market shifts, and economic developments.If you like 2050 Investors, please leave a five-star review on Apple Podcasts or Spotify. Your support will help us spread the word and reach new audiences. If you're seeking a brief and entertaining overview of market-related topics and their business and societal implications, subscribe now to stay informed!Previous episodes of 2050 Investors have explored ESG, climate change, AI, greenflation, globalization, plastic pollution, food, healthcare, biodiversity and more.CreditsPresenter & Writer: Kokou Agbo-Bloua. Editors: Vincent Nickelsen, Jovaney Ashman, Linda Isker. Production Designer: Emmanuel Minelle, Radio K7 Creative. Executive Producer : Fanny Giniès. Sound Director: Marc Valenduc. Music: Rone. Graphic Design: Cédric Cazaly.Whilst the following podcast discusses the financial markets, it does not recommend any particular investment decision. If you are unsure of the merits of any investment decision, please seek professional advice.Hosted by Ausha. See ausha.co/privacy-policy for more information.

Who could have believed it? On a cold, wet night in Westminster, Rishi Sunak stunned the nation with an unexpected announcement: a General Election for July 4th. Today's podcast couldn't be more timely as we dive into an in-depth analysis of the UK's political and economic landscape over the past 14 years. From the impacts of austerity and Brexit to the COVID-19 pandemic, we cover it all.Joined by Dr. Nicola Headlam, an expert in subnational economic policy development, we dissect the mismanagement of these crises, the deterioration of public services, and the widening inequality gap. This episode is essential listening for anyone invested in the UK's political and economic future. Our conversation critiques current government policies, highlighting the urgent need for a robust plan to tackle economic inequality, recapitalise the poor, and fundamentally shift the country's economic strategies. We advocate for a future government that prioritises progress over power and implements policies that genuinely benefit the population, countering the systemic challenges of years of poor governance.Timestamps:00:00 Opening Remarks00:21 Insights on UK's Economic Challenges00:45 The Banking Crisis and Long-term Effects05:03 Sunak's Leadership and Political Landscape06:39 The Impact of Austerity, Brexit, and COVID08:49 The Dire State of Public Services13:07 Economic Policies and Time for Change18:33 The Role of Local Government and Community in Recovery33:08 Addressing Inequality and the Future of UK34:42 Butler to the World: A Detailed List of Heterodox Economic Thinkers & Books for a Path Forward38:40 Reimagining UK's Economic and Social Policies53:50 Closing ThoughtsEnjoyed the podcast?

REPEAT SHOW. David Graeber and David Wengrow are the co-authors of "The Dawn of Everything: A New History of Humanity" (Farrar, Straus and Giroux, 2021). "This is not a book. This is an intellectual feast. There is not a single chapter that does not (playfully) disrupt well-seated intellectual beliefs. It is deep, effortlessly iconoclastic, factually rigorous, and pleasurable to read." — Nassim Nicholas Taleb, Author, "The Black Swan." Tiokasin talks with co-author David Wengrow, a professor of comparative archaeology at the Institute of Archaeology, University College London. He is a visiting professor at New York University. He is the author of three books, including, "What Makes Civilization?" David has conducted archaeological fieldwork in various parts of Africa and the Middle East. Co-author David Graeber (d. 9/2/2020) was a professor of anthropology at the London School of Economics. He was the author of "Debt: The First 5,000 Years" and "Bullshit Jobs: A Theory," and was a contributor to Harper's Magazine, The Guardian and The Baffler. An iconic thinker and renowned activist, his early efforts in Zuccotti Park made Occupy Wall Street an era-defining movement. Production Credits: Tiokasin Ghosthorse (Lakota), Host and Executive Producer Liz Hill (Red Lake Ojibwe), Producer Malcolm Burn, Studio Engineer, Radio Kingston Tiokasin Ghosthorse, Audio Editor Kevin Richardson, Podcast Editor Music Selections: 1. Song Title: Tahi Roots Mix (First Voices Radio Theme Song Artist: Moana and the Moa Hunters Album: Tahi (1993) Label: Southside Records (Australia and New Zealand) 2. Song Title: Rich Man's War Artist: John Trudell with Jesse Ed Davis Album: AKA Graffiti Man (1992) Label: Rykodisc 3. Song Title: Prayer Artist: Tiokasin Ghosthorse with vocals by Lisa Bodnar Album: Ghosthorse Ksa (2007) Label: Ghosthorse 4. Song Title: Darker Than a Shadow Artist: Terry Callier Album: Speak Your Peace (2002) Label: Mr Bongo 5. Artist: Terry Callier Album: It's About Time Album: The New Folk Sound (1965) Label: Prestige Records 6. Song Title: Waiting on a War Artist: Foo Fighters Album: Medicine at Midnight (2021) Label: Roswell Records AKANTU INTELLIGENCE Visit Akantu Intelligence, an institute that Tiokasin founded with a mission of contextualizing original wisdom for troubled times. Go to https://akantuintelligence.org to find out more and consider joining his Patreon page at https://www.patreon.com/Ghosthorse

With a wealth of experience as a market theoretician and a prolific contributor to financial discourse, today's guest is uniquely positioned to guide us through the complexities of index fund dynamics. Joining us to discuss the problems that passive investing may be causing in financial markets (and what people should do about it) is Michael Green, Chief Strategist and Portfolio Manager for Simplify Asset Management. Tuning in, you'll learn about the ramifications of the surging popularity of indexing and the sobering reality of mounting market inelasticity, backed by compelling evidence that underscores the challenges facing today's financial landscape. The insights in this episode extend beyond mere observation, with Mike offering policy recommendations and strategies to address the structural issues affecting our markets. While this conversation is certainly challenging, philosophical, and even alarming, it isn't purely theoretical. It's a call to action to safeguard the integrity of our financial systems. So, be sure to join us as we navigate the nuances of indexing and passive investing at large, guided by the expertise and foresight of one of finance's most respected voices!   Key Points From This Episode:   (0:05:48) The negative effect that the growth of indexing is having on financial markets. (0:07:37) Insight into the XIV trade that strengthened Mike's belief in this view. (0:13:49) Defining the problem that indexing is causing (which might seem like a good thing). (0:15:57) How market cap-weighted index funds differ from closet index funds. (0:16:57) Indications that markets are becoming increasingly inelastic over time. (0:19:21) Why flows into cap-weighted index funds differ from the overall aggregate of active. (0:24:21) Active versus passive investing in public versus non-public markets. (0:25:57) The catastrophic event that could be caused by index funds (and how to avoid it). (0:30:51) Why we need to rethink the definition of passive investing and the value of diversity. (0:36:10) Market inelasticity versus inefficiency and the impact of active manager performance. (0:41:38) How investors should shift their strategy to respond to the current market structure. (0:53:01) Regulatory recommendations: who actually needs to step up and do something. (0:54:30) Mike's outlook on US expected returns, market volatility, and 401(k)s. (1:01:50) Why Bitcoin isn't the solution to all of our monetary and fiscal policy problems. (1:05:22) The definition of success in Mike's life (and why it's completely non-financial). Links From Today's Episode:   Rational Reminder on iTunes — https://itunes.apple.com/ca/podcast/the-rational-reminder-podcast/id1426530582. Rational Reminder Website — https://rationalreminder.ca/  Rational Reminder on Instagram — https://www.instagram.com/rationalreminder/ Rational Reminder on X — https://twitter.com/RationalRemind Rational Reminder on YouTube — https://www.youtube.com/channel/ Rational Reminder Email — info@rationalreminder.caBenjamin Felix — https://www.pwlcapital.com/author/benjamin-felix/  Benjamin on X — https://twitter.com/benjaminwfelix Benjamin on LinkedIn — https://www.linkedin.com/in/benjaminwfelix/ Cameron Passmore — https://www.pwlcapital.com/profile/cameron-passmore/ Cameron on X — https://twitter.com/CameronPassmore Cameron on LinkedIn — https://www.linkedin.com/in/cameronpassmore/ ‘Yes, I give a fig… Thoughts on markets from Michael Green' — https://www.yesigiveafig.com/ Michael Green on Substack — https://substack.com/@michaelwgreen Michael Green on LinkedIn — https://www.linkedin.com/in/michael-green-9a15142/ Michael Green on X — https://twitter.com/profplum99 Nassim Nicholas Taleb — https://www.fooledbyrandomness.com/ Valentin Haddad — https://sites.google.com/site/valentinhaddadresearch/ Jean-Philippe Bouchaud — https://bouchaud.substack.com/ Marco Sammon — https://marcosammon.com/research/ Ralph Koijen — https://www.koijen.net/index.html David Einhorn — https://twitter.com/davidein   Books From Today's Episode:   The Black Swan — https://www.amazon.com/dp/081297381X Adaptive Markets — https://www.amazon.com/dp/0691135142   Papers From Today's Episode:    ‘How Competitive is the Stock Market? Theory, Evidence from Portfolios, and Implications for the Rise of Passive Investing' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3821263 ‘How Competitive is the Stock Market?' Slides — https://drive.google.com/file/d/1QTxuFI7eK_RJwaV3ncAjX41pEb1anLeM/view ‘Do Active Funds Do Better in What They Trade?' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4624934 ‘The Passive-Ownership Share Is Double What You Think It Is' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4188052 ‘The Arithmetic of Active Management' — https://www.jstor.org/stable/4479386 ‘Sharpening the Arithmetic of Active Management' — https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2849071 ‘Long Volatility, Asymmetric Alpha, Negatively Correlated Alpha, Convex Crisis Alpha' Slides — https://www.macrovoices.com/guest-content/list-guest-publications/3860-logica-capital-active-to-passive-for-macrovoices/file ‘The Greatest Story Ever Sold: The Impact of Passive Investment on Markets' Slides — https://utahfpa.org/images/downloads/Library_Documents/market_policy_presentation.pdf ‘The Inelastic Markets Hypothesis' — https://www.nber.org/papers/w28967

Kyle Grieve chats with Brian Stofell about the crucial role of being transparent with your track record, how to score anti-fragility, managing risk in a portfolio where evaluation isn't critical, the interplay of narrative and investor sentiment, how to utilize a reverse DCF to find the market's assumptions on growth, investment lessons from Nassim Nicholas Taleb, how to weight probabilities for analyzing the outcome of a stock, and a whole lot more! IN THIS EPISODE, YOU'LL LEARN: 00:00 - Intro 03:12 - The significance of track record in decision-making processes. 03:50 - The crucial role of having "skin in the game" in various ventures. 08:56 - Insights into Brian's transition towards tech-oriented businesses. 09:13 - Why Brian adds a stock at any price, regardless of valuation, if the business is anti-fragile. 09:13 - The importance of free cash flow when looking at loss-making businesses. 14:30 - How Brian enters a position and how he allows it to earn its way to a higher allocation. 19:57 - Exploring the anti-fragility inherent in specific tech sectors. 37:52 - Why switching costs are so easily identifiable. 40:56 - How to use RDCF to help you better understand the assumptions made about a business. 46:22 - The importance of understanding the relationship between narratives and price. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Buy a copy of The Psychology Of Money here. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Toyota Meyka DeleteMe NerdWallet Fundrise Public Yahoo! Finance NetSuite Connect with Kyle: Twitter | LinkedIn | Website Connect with Brian: LinkedIn | Website | Twitter Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

This episode is brought to you by 5-Bullet Friday, my very own email newsletter.Welcome to another episode of The Tim Ferriss Show, where it is my job to deconstruct world-class performers to tease out the routines, habits, et cetera that you can apply to your own life. This is a special inbetweenisode, which serves as a recap of the episodes from last month. It features a short clip from each conversation in one place so you can easily jump around to get a feel for the episode and guest.Based on your feedback, this format has been tweaked and improved since the first recap episode. For instance, @hypersundays on Twitter suggested that the bios for each guest can slow the momentum, so we moved all the bios to the end. See it as a teaser. Something to whet your appetite. If you like what you hear, you can of course find the full episodes at tim.blog/podcast. Please enjoy! *This episode is brought to you by 5-Bullet Friday, my very own email newsletter that every Friday features five bullet points highlighting cool things I've found that week, including apps, books, documentaries, gadgets, albums, articles, TV shows, new hacks or tricks, and—of course—all sorts of weird stuff I've dug up from around the world.It's free, it's always going to be free, and you can subscribe now at tim.blog/friday.*Timestamps:Arthur C. Brooks: 00:03:15Sam Corcos: 00:06:31Nassim Nicholas Taleb & Scott Patterson: 00:14:20Shane Parrish: 00:24:34The Random Show: 00:35:43Full episode titles:Arthur C. Brooks — How to Be Happy, Reverse Bucket Lists, The Four False Idols, Muscular Philosophies, Practical Inoculation Against the Darkness, and More (#692)Sam Corcos, Co-Founder of Levels — The Ultimate Guide to Virtual Assistants, 10x Delegation, and Winning Freedom by Letting Go (Plus: Creating Leverage with Tools, Systems, and Processes) (#694)Nassim Nicholas Taleb & Scott Patterson — How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More (#691)Shane Parrish on Wisdom from Warren Buffett, Rules for Better Thinking, How to Reduce Blind Spots, The Dangers of Mental Models, and More (#695)The Random Show, Rare Drinking Edition — Affordable Luxuries, Brain Stimulation, Sampling the Future (and Some Previews), Recharging with Creative Experiments, Tokenizing Humans with a Bonding Curve, Poetry for People Who Hate Poetry, and Much More (#690)*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of the Secular Buddhism Podcast, Noah delves into the concept of emotional equanimity, likening it to the tale of monk Sona who learned to maintain a balanced approach to life's challenges, akin to finely tuning a musical instrument. Drawing from the Mangala Sutta and Nassim Nicholas Taleb's "Anti-Fragile," the episode emphasizes the value of antifragility, where challenges can enhance our emotional resilience, much like an astronaut needing physical stress to prevent muscle atrophy in space. Noah offers five tips for practicing emotional equanimity and underscores that true growth arises from facing, not avoiding, life's storms. Hosted on Acast. See acast.com/privacy for more information.

Brought to you by AG1 all-in-one nutritional supplement, Helix Sleep premium mattresses, and LinkedIn Jobs recruitment platform with 900M+ users. Nassim Nicholas Taleb (@nntaleb) spent 21 years as a risk-taker (quantitative trader) before becoming a researcher in philosophical, mathematical, and (mostly) practical problems with probability.Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, The Bed of Procrustes, and Skin in the Game), covering broad facets of uncertainty. His work has been published into 49 languages.In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 70 technical and scholarly papers in mathematical statistics, genetics, quantitative finance, statistical physics, medicine, philosophy, ethics, economics, and international affairs around the notion of risk and probability (grouped in the Technical Incerto).Taleb is currently Distinguished Professor of Risk Engineering at NYU's Tandon School of Engineering (retired). His current focus is on the properties of systems that can handle disorder ("antifragile").*Scott Patterson (@pattersonscott) is an investigative reporter for The Wall Street Journal, currently based in Washington DC, working on climate and energy policy. His new book is Chaos Kings: How Wall Street Traders Make Billions in the New Age of Crisis, a profile of the rise of “black-swan traders,” such as Nassim Taleb and Mark Spitznagel, as well as a survey of the many perils the world faces today—and how we might fix them.Scott has covered everything from Berkshire Hathaway to stock exchanges to high-speed traders to the financial regulators. His first book, The Quants, describes the rise of mathematical finance and delves into its role in the 2008 financial blowup. Dark Pools, his second book, tells how computer traders took control of the U.S. stock market, starting from the birth of computer trading in the 1980s to the explosion of high-frequency trading in the late 2000s.*This episode is brought to you by LinkedIn Jobs. Whether you are looking to hire now for a critical role or thinking about needs that you may have in the future, LinkedIn Jobs can help. LinkedIn screens candidates for the hard and soft skills you're looking for and puts your job in front of candidates looking for job opportunities that match what you have to offer.Using LinkedIn's active community of more than 900 million professionals worldwide, LinkedIn Jobs can help you find and hire the right person faster. When your business is ready to make that next hire, find the right person with LinkedIn Jobs. And now, you can post a job for free. Just visit LinkedIn.com/Tim.*This episode is also brought to you by AG1! I get asked all the time, “If you could use only one supplement, what would it be?” My answer is usually AG1, my all-in-one nutritional insurance. I recommended it in The 4-Hour Body in 2010 and did not get paid to do so. I do my best with nutrient-dense meals, of course, but AG1 further covers my bases with vitamins, minerals, and whole-food-sourced micronutrients that support gut health and the immune system. Right now, you'll get a 1-year supply of Vitamin D free with your first subscription purchase—a vital nutrient for a strong immune system and strong bones. Visit DrinkAG1.com/Tim to claim this special offer today and receive your 1-year supply of Vitamin D (and 5 free AG1 travel packs) with your first subscription purchase! That's up to a one-year supply of Vitamin D as added value when you try their delicious and comprehensive daily, foundational nutrition supplement that supports whole-body health.*This episode is also brought to you by Helix Sleep! Helix was selected as the best overall mattress of 2022 by GQ magazine, Wired, and Apartment Therapy. With Helix, there's a specific mattress to meet each and every body's unique comfort needs. Just take their quiz—only two minutes to complete—that matches your body type and sleep preferences to the perfect mattress for you. They have a 10-year warranty, and you get to try it out for a hundred nights, risk-free. They'll even pick it up from you if you don't love it. And now, Helix is offering 25% off all mattress orders plus two free pillows at HelixSleep.com/Tim. The 25% off offer is valid until September 10th.*For show notes and past guests on The Tim Ferriss Show, please visit tim.blog/podcast.For deals from sponsors of The Tim Ferriss Show, please visit tim.blog/podcast-sponsorsSign up for Tim's email newsletter (5-Bullet Friday) at tim.blog/friday.For transcripts of episodes, go to tim.blog/transcripts.Discover Tim's books: tim.blog/books.Follow Tim:Twitter: twitter.com/tferriss Instagram: instagram.com/timferrissYouTube: youtube.com/timferrissFacebook: facebook.com/timferriss LinkedIn: linkedin.com/in/timferrissPast guests on The Tim Ferriss Show include Jerry Seinfeld, Hugh Jackman, Dr. Jane Goodall, LeBron James, Kevin Hart, Doris Kearns Goodwin, Jamie Foxx, Matthew McConaughey, Esther Perel, Elizabeth Gilbert, Terry Crews, Sia, Yuval Noah Harari, Malcolm Gladwell, Madeleine Albright, Cheryl Strayed, Jim Collins, Mary Karr, Maria Popova, Sam Harris, Michael Phelps, Bob Iger, Edward Norton, Arnold Schwarzenegger, Neil Strauss, Ken Burns, Maria Sharapova, Marc Andreessen, Neil Gaiman, Neil de Grasse Tyson, Jocko Willink, Daniel Ek, Kelly Slater, Dr. Peter Attia, Seth Godin, Howard Marks, Dr. Brené Brown, Eric Schmidt, Michael Lewis, Joe Gebbia, Michael Pollan, Dr. Jordan Peterson, Vince Vaughn, Brian Koppelman, Ramit Sethi, Dax Shepard, Tony Robbins, Jim Dethmer, Dan Harris, Ray Dalio, Naval Ravikant, Vitalik Buterin, Elizabeth Lesser, Amanda Palmer, Katie Haun, Sir Richard Branson, Chuck Palahniuk, Arianna Huffington, Reid Hoffman, Bill Burr, Whitney Cummings, Rick Rubin, Dr. Vivek Murthy, Darren Aronofsky, Margaret Atwood, Mark Zuckerberg, Peter Thiel, Dr. Gabor Maté, Anne Lamott, Sarah Silverman, Dr. Andrew Huberman, and many more.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.