JBT'S RL #6: Free Chapter From Nassim Taleb's newest book, knowing when to quit, and side hustles

“Skin in the Game is about symmetry under random outcomes: just as you should treat others in the way you’d like to be treated, you would like to share the responsibility for random outcomes without unfairness and iniquity. If you inflict risk on others, and they are harmed, you need to pay some price for it. If you give an opinion, and someone follows it, you are morally obligated to be, yourself, exposed to its consequences: Don’t tell me your opinion, just tell me what’s in your portfolio”

“Hiroo Onoda is a Japanese citizen that originally worked at a Chinese trading company. When he was 20 years old, he was called to join the Japanese army. He promptly quit his job and headed off to training in Japan. At a certain point in his training, he was chosen to be trained at Nakano School as an Imperial Army Intelligence Officer. In this specialized military intelligence training, he was specifically taught methods of gathering intelligence and how to conduct guerrilla warfare. He was being groomed to go in behind enemy lines and be left with small pockets of soldiers to make life miserable for Japan’s enemies and gather intelligence in the process.”

“Launching a side project, side hustle or side business is THE new startup. Keep your day job.”