Join 📚 Nathan's Highlights
A batch of the best highlights from what Nathan's read, .
For instance, bank blowups came in 2008 because of the accumulation of hidden and asymmetric risks in the system: bankers, master risk transferors, could make steady money from a certain class of concealed explosive risks, use academic risk models that don’t work except on paper (because academics know practically nothing about risk), then invoke uncertainty after a blowup (that same unseen and unforecastable Black Swan and that same very, very stubborn author), and keep past income—what I have called the Bob Rubin trade.
Skin in the Game
Nassim Nicholas Taleb
I relived every negotiation in my life to that point. So, Dad, you remember that Crazy Idea I had at Stanford . . . ? Gentlemen, I represent Blue Ribbon Sports of Portland, Oregon. You see, Dot, I love Penny. And Penny loves me. And if things continue in this vein, I see us building a life together.
These cues also increased feelings of working together but not other processes.
Cues of Working Together Fuel Intrinsic Motivation
sciencedirect.com
...catch up on these, and many more highlights
Readwise