TMBA 187 (LBP155) – The Power of Negative Action – Optionality, Convexity, and Anitfragility

9 comments
TMBA 187 (LBP155) – The Power of Negative Action – Optionality, Convexity, and Anitfragility post image

Dan and Ian are coming at you this week after some intense reflection and mindset shifts.  This episode is all about the power of negative action and leveraging the inevitable changes in the world as a small business entrepreneur.

Nassim Nicholas Taleb’s book, Anti-Fragile inspires the content for today’s show and the fellas mold his frameworks of anti-fragility, robustness and capitalizing on chaos to you as an entrepreneur.  You might want to schedule some reflection time after this episode because it will leave you re-thinking your strategy and applying the principles in this week’s episode.

Are You Robust or Anti-Fragile?

  • How scalable actions set you up for exponential growth options in the future.
  • A method for identifying negative actions to eliminate from your business.
  • How to determine whether your actions exist in a high-upside environment.
  • Why getting a master’s degree actually restricts your options instead of expanding them.
  • How to invest yourself elegantly to leverage higher outcome tasks.

Mentions:

Just The Tips

The Jam
Food in Saigon
Get Your Voice On The LBP
  • Leave us a message. It’s easy to do, just attach a simple .mp3 recording to the email.

Have fun. Leave a comment. Go make it happen! :)

Episode length: 18:52

Download options:

If you’ve found the podcast at all helpful or entertaining, we’d love if you could click over to our iTunes page and give us a positive review or visit Stitcher radio and give us the good ol’ Thumbs Up. This will help us to get more listeners and invest more in the podcast! If you know some ways we can make it better, please send us an email: Dan at lifestyle business podcast . com.

Published on 05.09.13
  • http://www.frontierlivin.com/ Taylor Pearson

    The problem with Taleb and this anti-fragile concept is that while he only has one central idea that he’s expounding on (antifragility), the implications are huge.

    When someone f**ks your philosophical mother like that, it takes a long time to come to terms with it. It’s been two years since I read the 4HWW and I still feel like I’m having to ingrain that entrepreneurial mindset over a traditional one. There’s so much unwiring and rewiring that has to be done.

    Antifragility is at least as profound in it’s implications and the degree to which it contradicts the way most of us were socially conditioned and educated. A big part of it is “domain dependence.” Even as I see fragility in one area, I know I’m still blind to it in so many others.

    I liked the heurisitcs and via negativa discussion. I went through a massive purge of what I was consuming after finishing antifragile. It’s amazing how all that time and energy is now devoted to more valuable things…

  • Jake Peterson

    Best LBP ep yet.

  • http://www.tropicalmba.com Dan

    Cheers Jake thanks!

  • http://www.tropicalmba.com Dan

    We are just getting started with this Taylor. Thank you so much for the book recommendation. Anyone reading this check out these super helpful book notes:

    http://frontierlivin.com/antifragile-book-notes/

    “I think the potential implications here are extraordinary and I’m looking for more ways to implement them in my life.”

    YEP! :D

  • http://twitter.com/MattKress Matt Kress

    Quit your job, sell your stuff, move across the World. That’s antifragile!

  • Chris George

    Shortly after listen to this episode, I came across Nassim Taleb’s talk he gave to Stanford’s Entrepreneurial Thought Leaders:

    http://ecorner.stanford.edu/authorMaterialInfo.html?mid=3113

    Love the podcast, look forward to it every week

  • http://www.tropicalmba.com Dan

    Hey Chris thanks for the kind words and for the helpful link!!!

  • Timothy Mayer

    I just finished the book. It’s an elaboration on his THE BLACK SWAN, which I read at the time of the Great Crunch (2008). Funny thing: I purchased TBS at a Boarder’s, which, like all others, is no longer there.
    Like you, I’m still digesting all the information. A lot of implications. I enjoyed his story of how the Romans made engineers sleep under the bridges they constructed.

  • Antonio Garcia

    PLEASE hear it from Prof. Taleb himself (as well) – http://www.econtalk.org/archives/2012/01/taleb_on_antifr.html

    If you’re scared of the link, Google search “Econtalk Taleb on Antifragility” – I promise you’ll be happy with the podcast.

Next post: