To teach someone a real skill, teach him how to take risk & fail. He will never learn this in school. No nonrisktaker can ever teach it. v 2
If you want to teach someone a real skill, teach him how to fail. He will never learn it in school.
-
-
-
Schools have "trading" competitions. W/o enough risk/skin in the game, incentive is to shoot for Probability not Exp. The WORST trader wins.
-
also takes away the behavioral aspect of live trading - same problem with "launching venture" classes (unless it's a real venture)
End of conversation
New conversation -
-
-
They might learn it in sports. Which is why all children should compete.
-
sports only teaches those who are lucky enough to fail all competitions
-
Everyone fails in sports, except those who never compete. No-one makes 100% of shots, lifts, punches, etc.
-
competition may only teach once not to compete, otherwise corrupts to the core
-
Exactly. Competition isn't real life. No risk entailed. Will revise the aphorism.
-
take point about sports but some competitions in nature have real costpic.twitter.com/y6SbYRxe1W
-
that's war
-
ok well if we define 'competition' narrowly enough maybe. but thats biological competition
- 3 more replies
New conversation -
-
Worse, if perchance he learns it, he will be punished for it.
Thanks. Twitter will use this info to make your timeline better. Undo -
.
@nntaleb@MaxKolbeGroup Dean is an expert on failure. Yes, he does have a talent.Thanks. Twitter will use this info to make your timeline better. Undo -
Took me a day or two to "get" this one. Subtle point being made here. Important.
Thanks. Twitter will use this info to make your timeline better. Undo -
@john_f_hamer fail fastThanks. Twitter will use this info to make your timeline better. Undo -
right
Thanks. Twitter will use this info to make your timeline better. Undo -
more importantly to get up again!
Thanks. Twitter will use this info to make your timeline better. Undo
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.