Nicholas Taleb's "Skin in the Game" | Remastered by ChatGPT

ChatGPT is gaining popularity and its capabilities are expanding. Inspired by the success and efficiency of ChatGPT, I decided to utilize its abilities to recreate my latest blog post. I have a blog dedicated to sharing quotes from the books I read, which can be found at myhighlightz.blogspot.com. I recently shared a link to my latest post on this blog and asked ChatGPT to turn it into a new blog post. The outcome was impressive.

Original Content: https://myhighlightz.blogspot.com/2023/01/skin-in-game-nassim-nicholas-taleb.html

And what ChatGPT brings:

The Importance of Taking Risks: A Look at Nassim Nicholas Taleb's "Skin in the Game"

In today's fast-paced and ever-changing world, it's easy to become risk-averse. With news of financial crises and economic downturns constantly being thrown in our faces, it can be tempting to play it safe in order to avoid losses. However, according to Nassim Nicholas Taleb, the key to success in life is to take risks and have "skin in the game."

In his bestselling book "Skin in the Game," Taleb argues that the individuals who are truly successful in life are those who are willing to put themselves on the line. They're the ones who are willing to take risks and to put their own money and reputation on the line. They're the ones who are willing to take a stand and to make a difference, even when it's difficult or uncomfortable.

But it's not just individuals that can benefit from having "skin in the game." In the business world, the best leaders are those who are willing to take risks and to put their own money and reputation on the line. They're the ones who are willing to invest in their own company and to put their own livelihoods at risk in order to create something great.

This mentality of having "skin in the game" is important for any individual or organization. It ensures that there's a sense of accountability and that decisions are made with the potential risks and rewards fully understood. By having "skin in the game," individuals and organizations are more likely to make decisions that are in their best interest and that will ultimately lead to success.

So, next time you're faced with a difficult decision, remember to take a cue from Nassim Nicholas Taleb and put your own "skin in the game." It may be uncomfortable, but it's the only way to achieve true success in life and in business. 

That's the result ChatGPT brings. It is a product of a few seconds and it makes sense when you read it. I am totally satisfied with the result. What do you think?

If you want to learn more about my blog, just watch this video for myhighlightz:

Man in the Car Paradox

When you see someone driving a nice car, you rarely think, “Wow, the guy driving that car is cool.” Instead, you think, “Wow, if I had that car people would think I’m cool.” Subconscious or not, this is how people think. There is a paradox here: people tend to want wealth to signal to others that they should be liked and admired. But in reality, those other people often bypass admiring you, not because they don’t think wealth is admirable, but because they use your wealth as a benchmark for their own desire to be liked and admired.

I drove a Porsche, once...

If respect and admiration are your goal, be careful how you seek it. Humility, kindness, and empathy will bring you more respect than horsepower ever will.

Wealth is What You Don’t See

Someone driving a $100,000 car might be wealthy. But the only data point you have about their wealth is that they have $100,000 less than they did before they bought the car (or $100,000 more in debt). That’s all you know about them.

We tend to judge wealth by what we see, because that’s the information we have in front of us. We can’t see people’s bank accounts or brokerage statements. So, we rely on outward appearances to gauge financial success. Cars. Homes. Instagram photos.

The quotes above are from Morgan Housel's The Psychology of Money book. When you read the title of the book, you might guess that it is only about money and maybe business, but it is about life. With the real time stories shared by Morgan Housel, this book makes stories meaningful and let you know more about personal finance, investment, wealth creation and living a better life. If you like to read more quotes from "The Psychology of Money", you can read:

https://myhighlightz.blogspot.com/2022/07/the-psychology-of-money-morgan-housel.html

Murakami ile Karanlıktan Sonra

Güzel kitaplar okuyup kendim için alıntılar yapmaya devam ettiğim bir süreçteyim. Keyifli, tatil gibi, insanı yenileyen, beyninde kıpırtılar oluşturan bir süreç, öneririm, sevdiğiniz şeyler okuyun, siz de bu ayrıcalığı yaşatın kendinize...

Aşağıdaki 3 alıntı Haruki Murakami'nin Karanlıktan Sonra adlı kitabından. Copy-paste değil, kendim baka baka yazdım...

“Bekleyeceğim” diyor Kaoru. “Hala kulak kesiyor musunuz?”

Adamın dudakları seğiriyor hafifçe. “Her insanın tek bir yaşamı vardır. Kulağı ise iki tane.”

“Öyle olabilir ama bir tanesi gidince bir daha gözlük takamaz.”

“Uygunsuz bir durum” diyor adam.

 ***

“Üzerinde durduğumuz zemin var ya, çok sağlammış gibi görünür ama en ufak bir şey olduğunda, pat diye altımızdan kayıp gidebilir. Ve bir kez altımızdan çekilmeye görsün, işte o zaman sonumuz gelmiş demekti; bir daha eskiye dönemeyiz. Sonrasında, yerin altındaki o karanlık dünyada bir başımıza yaşamaktan başka çaremiz kalmaz.”

 ***

“İnsan denen şey, anılarını yakıt olarak kullanıp yaşamını sürdürüyor olamaz mı acaba? O anıların gerçekte önemli olup olmadığının, yaşamın sürdürülmesi açısından hiçbir önemi yok. Sadece yakıt. İster gazetenin reklam broşürü olsun, isterse felsefe yazıları; ister pornografik fotoğraflar olsun, isterse on bin yenlik kağıt para desteleri; ateşe verdiğinde hepsi sadece bir kağıt parçası değil midir? Önemli anılar, çok önemli anılar ve hiçbir önemi olmayan anılar… hepsi sadece ve sadece yakıt.”

Murakami'den Kalan Kırıntılar

Geç de olsa Haruki Murakami ile tanıştım. İyi ki lerimden biri oldu bu tanışma. Şu aralar elimde kendisine ait okuduğum üçünci kitap olan “Karanlıktan Sonra” var. Yine okudukça kendi dünyasının içine çeken farklı bir deneyimin içine çekiyor bu kitabı ile beni… Bu fırsatı hazır yazlıktayken bulmuşken, okuduğum diğer iki kitabından aldığım notları mı da toparlayıp benimle beraber blog’uma taşıyayım da ruhumun ihtiyacı olduğunda dönüp gıdamı alayım istedim.

Nasıl derin, nasıl nitelikli… Çevirisinde bile anlamını, vuruculuğunu yitirmeyen, delip geçen ya da iz bırakan taneler…

“Sahilde Kafka”dan (Kafka on the Shore)

İnsan bir şeyleri ne kadar isterse istesin, o şeyler asla kendiliğinden çıkıp gelmez. İnsan bir şeylerden özel olarak uzak durmaya çalıştığında ise, o şeyler kendiliğinden insanın üzerine üzerine gelir.

Rüzgâr eser. Hırçın rüzgârlar da vardır, insanın ruhunu okşayan rüzgârlar da. Fakat tüm rüzgârlar, gün gelir yitip gider.

Haddinden uzun düşünmek, hiç düşünmemiş olmaktan farksızdır.

Anılar, insanın vücudunu içten içe ısıtan şeylerdir. Fakat aynı zamanda insanın içini lime lime de edebilirler.

Ölüm yaşamın karşıtı olarak değil, parçası olarak vardır.

Herkesle aynı şeyleri okuyunca, ister istemez herkes gibi düşüneceksin. Bu da kabalık ve sıradanlık olur.

İnsanın çevresi olanaklarla dolu olunca bundan yararlanmamak son derece zor geliyor. Gücün var, yeteneklerini değerlendirebileceğin bir yer var, sen gene de bir şey yapmadan yolunda gitmek istiyorsun, öyle mi?

Zenginliğin en büyük üstünlüğü nedir biliyor musun? Paran olmadığını söyleyebilmektir.

“İmkansızın Şarkısı”ndan (Norwegian Wood)

Mektuplar, kâğıttan başka bir şey değil, dedim. Yakılsalar bile, yürekte kalması gereken, kalır, ve yakılmayıp saklansalar bile, kalmayan kalmaz.

Quotes from "Do It Today"

Here are some quotes from one of my favorite bloggers who generally writes on productivity: Darius Foroux. He has recently published a book called "Do It Today". The book is very motivating in terms of reminding some small steps which can be taken easily and bring great results by time. Of course, some of these quotes belong to important thinkers but it is nice to find them in one book together within a harmony:

One of my personal rules is this: Never complain. Another one is: Read and exercise every day. And: Close the day every evening by setting your next day’s priorities.

At the end of each day, you should play back the tapes of your performance. The results should either applaud you or prod you.

"Always connected,” isn’t a good thing for your focus and productivity.  It’s the same as going to the gym. Or having dinner. Or having a romantic evening with your partner. You don’t do those things for 24 hours a day.

Procrastination can be a sign that you’re doing something that’s not meaningful. Don’t let procrastination become a habit. After all, the worst procrastination is putting off your dreams and goals. If you’re waiting for the right time, Benjamin Franklin says: “You may delay, but time will not.” If you don’t listen to me, listen to him.

People who make phones and apps are smarter than us. Their only goal is to get you hooked. I think it’s good to realize that. That’s why I often try to remind myself not to depend on smartphones too much because my attention matters more than productivity. It’s time to reclaim your attention. And thereby, reclaim your life. It’s worth it.

“Fools learn from experience. I prefer to learn from the experience of others.”

The further I advance in age, the more I find work necessary. It becomes in the long run the greatest of pleasures, and takes the place of the illusions of life.”

Rest reduces stress. Improves creativity and productivity.

"So, to prevent fatigue and worry, the first rule is: Rest often. Rest before you get tired.”

“People often say that motivation doesn’t last. Well, neither does bathing — that’s why we recommend it daily.”

"A man who chases two rabbits catches neither.”

We say: “OMG! I don’t know what I want!” And then we have a full-on panic attack. Be honest — it happens to all of us. Especially, when you see that your old college friend just got married. Or that your co-worker, who started at the same time as you, just got promoted. It’s at those moments of weakness when we shine a spotlight on our own uncertainty about life. One of the biggest thinking errors that I’ve made was that I thought I needed to know what I exactly wanted to do with my life. The truth is that no one knows what they truly want.

So it’s not important to know exactly what you want to do with your life. People change. Economies change. So, it’s not even realistic to boldly claim “I know what I want!” The only thing every person needs is a sense of direction. A vision of where you’d like to go. Look, you don’t need to know your exact destination. You often read about people who say they always knew what they wanted. But that’s just a small portion of the population. I’ve personally never met someone like that. Most of us don’t have that conviction from day one. It grows over time.

Your first priority is to identify what you want and then make sure you take the path that’s going to give you that. There’s nothing sadder than to see someone get to be seventy-five or eighty years old and look back regrettably because they pursued the wrong target.

Very little is needed to make a happy life; it is all within yourself, in your way of thinking.

Stay close to yourself—there’s no point in pushing yourself so badly that your life becomes miserable. In the end, we all need comfort: It’s one of our basic needs as human beings. But we also need growth. So whatever you do, don’t stay in your comfort zone for too long. Try to keep moving forward every day: Even if it’s just a tiny step. No magic.

Belief will help create the fact.

You don’t get to the highest levels of the sport without having the basics in order.

It’s the repetition of affirmations that leads to belief. And once that belief becomes a deep conviction, things begin to happen.” When you repeat the basics, you don’t only become great; you will stay great. It’s a challenge that all high performers face. I repeat the basics of many things in my life: Fitness, philosophy, kindness, business, writing.

In order to really find happiness, you need to continue looking for opportunities that you believe are meaningful, in which you will be able to learn new things, to succeed, and be given more and more responsibility to shoulder.

Think of yourself as dead. You have lived your life. Now take what’s left and live properly.

Where I’d had huge success, I had narrowed my concentration to one thing, and where my success varied, my focus had too.” Are you working on a lot of things? Is your attention not on one thing? There’s a big chance that you will not achieve the best possible results. Or worse: You might fail if you try to achieve many things at the same time The reason is simple: Most of us believe that success happens all at once. Real life is different. Keller and Papasan put it well: “Success is sequential, not simultaneous.”