THE BED OF PROCRUSTES (BY NASSIM TALEB)

Support the channel by getting The Bed of Procrustes by Nassim Taleb here: amzn.to/2oXEe6n
As an Amazon Associate I earn from qualified purchases.
Here, I will present some of the most relevant aphorisms for topics on this channel from The Bed of Procrustes, by the author, statistician, philosopher and (most importantly!) former trader, Nassim Taleb.
A playlist of Nassim Taleb's greatest works: bit.ly/2Op6AA5
Top 5 takeaways:
00:00 Intro
02:15 1. Thoughts on Economics and Economists
03:17 2. Successful Investing
04:06 3. Choosing Your Career Path
04:46 4. When Trading, Never Forget That …
05:59 5. How to Become Successful

[@TheSwedishInvestor]

A playlist of Nassim Taleb's greatest works: bit.ly/2Op6AA5

[@mohamadternanni5955]

One of the best channels on youtube. Your channel inspired me to upload my own videos during the summer.

[@TheSwedishInvestor]

Mohamad Ternanni thanks A LOT! 😁 Great to hear that you feel inspired! More comments like this and I'll switch to daily uploads .. 😉

[@zmogus2]

and you did not upload nothing yet so dont lie to yourself

[@franzie911]

@@zmogus2neither did you 🫶

[@M.G.R...]

*Most peoples are addicted to Carbohydrates and Monthly Salary*

[@josephiroth89]

"... without exploiting them for fun and profit." I like where this is going.

[@getlucky8952]

Taleb kills with his ideas... I'm dying! 😫

[@murtuzasaifee3660]

Great work.

[@hamzahl75]

Thanks a lot for your videos! I know it's a lot of work but you are doing great, good value! keep it up man!

[@TheSwedishInvestor]

😁🙌

[@GanpatiRam]

Thank you🤗❤

[@junkjunk2493]

brutal .... good stuff ... thanks

[@TheSwedishInvestor]

Haha indeed 😁 All of Taleb's books are really provocative (which I do enjoy). I guess it's because he challenges the current paradigm in many different fields, and people aren't really comfortable having their habits and beliefs questioned - myself included, in certain situations, but I try to stay open-minded to it.

[@6toolbaseball]

Sugar is most addicting!

[@louis19449]

Verry enjoyable video's, thank you for doing this! I'm curious what the return on your portfolio is with all this knowledge..

[@TheSwedishInvestor]

Thank you Louis Goddyn! That will probably be a topic for a future video, but it won't be in a book top 5 takeaways format in that case. I think it's hinted at in a previous one, but I can't remember which one haha

[@whatisheartscont2be645]

OMG, Taleb was abolutelyy savage againt Economists.

[@eliosgreek8028]

Gotcha! Bryan is a teddy.

[@abalaji9143]

So ...should I stop reading business books then according to taleb

[@MrBlackjack456]

Title: "The Bed of Procrustes: Unpacking Nassim Taleb's Aphorisms on Life, Economics, and Success" Summary: In this insightful video, the content revolves around Nassim Taleb's book "The Bed of Procrustes," which is a collection of aphorisms that challenge conventional thinking on various topics. The video delves into the main takeaways from the book, highlighting key points for viewers. Here are the top 5 takeaways: 1. **Fitting Reality into Categories**: The video emphasizes that humans often try to simplify complex realities by fitting them into neat categories and models. This tendency to create Procrustean Beds can lead to flawed thinking and a false sense of security. 2. **Economics and Economists**: Taleb's aphorisms critique both left and right economic ideologies. He argues that both markets and economic models are inherently flawed and unpredictable. Economists are likened to businessmen without common sense, physicists without brains, and speculators without courage. 3. **Successful Investing**: Taleb warns against the "sucker's trap," where people focus on what they know rather than what they don't. He suggests that if something appears even slightly out of line in investment, it likely is. Risk should be seen as an opportunity, but "low-risk opportunities" may lead to mistakes. 4. **Choosing Your Career Path**: The video discusses harmful addictions, including a monthly salary, and the transition from college life to professional life. Taleb's aphorisms highlight the loss of freedom and individuality that often occurs in traditional careers. 5. **Risk Management in Trading**: Taleb emphasizes the importance of managing risk alongside making profits. Bemoaning flaws in human behavior without exploiting them is characteristic of losers in trading. Additionally, long-term investors may be losing money, contrary to their beliefs. The video concludes by encouraging viewers to reflect on Taleb's aphorisms and consider the concept of anti-models. It suggests that Taleb's unfiltered approach may challenge and even offend some, but it provides valuable insights.

[@sigitariyanto4779]

what is the purpose of if you invest long term then we lose the money5:40

[@sergiobravo3095]

Taleb is too pesimistic in my opinion.. and he loves to treat everyone as stupid. Thanks for the video!!!

[@TheSwedishInvestor]

Haha I think his provocative attitude is one of the best things about him and his writing

[@Aut0nym0us]

Elaborate if you can

[@nikhiltiwari6817]

Hey man, this is a wonderful job. If you could do a video on 'Wealth of a nation'- Adam Smith, if would be of great help.

[@TheSwedishInvestor]

Thank you Nikhil Tiwari! Yes, I've considered this one before, I might do it in the future. I'm going to have a poll in the community section of this channel soon, be sure to sign in and vote for it then

[@Flamingpiano]

Whoops was looking for a bed of other things

[@goranbrannstrom]

So Taleb thinks Warren Buffet is a loser because he invests for the long term? Or does he mean that's what a daytrader says when he makes a bad investment?

[@TheMasterhomaster]

Why wasn’t he called the chopper instead? He did that too.

[@TheSwedishInvestor]

Too mainstream perhaps? 😉 Too many had done that before him

[@kopongkopols8527]

I LOVE THIS CHANNEL!!!!! PLEASE MAKE A SUMMARY BOUT ACRES OF DIAMONDS, SECRETS OF THE MILLIONAIRE MIND, POWER OF HABITS, the art of not giving a fuck, rich dad poor dad, turtle trading thanks man!!! i love your chaneeellllllllll woooooo!!!!!!!!!!!!!!! hahahahah keep up the good work!!!!!

[@TheSwedishInvestor]

Haha wonderful Big Mouth PH 😂😁 Love to hear it! Really soon I'll post a poll in the community tab - be sure to vote!

[@kopongkopols8527]

@@TheSwedishInvestor JUST KEEP A GOOD JOB MAN! I LOVE YOUR WORK. VERY PRECISE, VERY GOOD TO YOU. DONT BE LAZY MAKING A LOT OF YOUR WORK. IM ALWAYS BE HERE TO SUPPORT YOU. :)

[@TopLobster11]

He called Karl Marx Visionary😂😂😂😂

[@Flownthecoup23]

FREE college life? Oh yes, Sweden...lol

[@TheSwedishInvestor]

College life in Sweden is awesome 💸

[@djpuplex]

Nassim talib books are impossible to decipher and utilize

[@TheSwedishInvestor]

Can't really agree with that .. I think asymmetry in rewards, antifragility, skin in the game, distortion of silent evidence, tunneling, Lindy, via negativa, and many of his other takeaways are very applicable. Both in everyday life, and in investing too.

[@djpuplex]

@@TheSwedishInvestor let me tell you about a man manned Jeb who rolled out of bed and fell on his head his head cracked so the doctors fashioned a hat for him made of lead and a craddle to keep him safe in bed. In the story we are not Jeb rather we are the bed and the world bis Jeb...🐂💩

[@dontrybaconnaked]

The author seems to have wasted the readers' time.

[@mastershredder2002]

lol, calling Marx a visionary. Come on. We can do better than that.

[@Aut0nym0us]

You do know it's sarcasm right? Or am I the fool for thinking you don't?