Nasim Nicholas Taleb

Rostrum tragedy of commons. Collectively we don’t overgraze but individuals will.  Certain community size u set a certain size.  Specific group bit not too big.  Risk Sharing. in ancient shipping spread by all.  Toss over some merchandise for lightening a ship. What is lost for benefit of all. Must be makes up by all.

Journalists impartial judge. Not let people know what stock u own.  But become interdependent on others opinions.

Incentive – window of measurement can transfer risk.  Measure outcomes at 5 years could favor riskier treatment if better short term outcomes. Add pharma wanting their products defined as right treatment.  

Minority rule. Most drinks kosher. His teacher to make them all kosher. 3% of people who refuse GMOs can force market to cut 60/79% of GMS 
Food cost 90/89% cost storage and transport.

Genes are not transferable. Languages follow minority’s    The few determine.  If only one doesn’t speak German, english does.  Aramaic spread from Persia. Babylon cleric only use Aramaic. Becomes empire language. Rome spread Greek around world. Bible written in Greek of syria Spears by romans.

Invaders leave few genes but language can stay.  Norman’s left more books than genes. Language travel.  Genes less so.

Islam spread. At first not concerned as non believers pay tax.  Either parent Muslim, kids are. No going back once u convert. Marry Moslem and u must convert. Not take long to colonize. Dead religions often need both parents to be believers.  

Movies – risk takers don’t have families – not want to deal with moral complexity. No Compromise ethics for family. Lindy. Some things longevity tied to risk. Turtle lives to 40 expect 40 more at 60, 40 more.

Thinks hedge fund best Cassie they sell other companies.  Skin in the game.  
Logic if risk taking. Ensemble prob. What happens across population Time prob. Over time exposure get u

Repetition. 1 off risk. Problem of ruin continued exposed will ruin u. 
Bet wit profit and chill when down.  Say no to almost everything. Pandemic growth potential much larger than drowning in bathtub – Ebola deaths and drownings in one year.