As a consequence, you want to bet as much as possible when you have a positive expectation and as little as possible when you have a negative expectation. Positive EV means that you can expect a positive long term result in a given situation and negative EV is the opposite. Seems not much has changed in the past couple of centuries. Persistence and determination alone are omnipotent.”Ħ - There is evil in not acting, in assuming that a bad situation will resolve itself for you or that others will resolve it for you.ħ - ‘Gossippy newspapers are dogs for the public’s amusement’ Kiekergard Education will not the world is full of educated derelicts. Genius will not unrewarded genius is almost a proverb. Talent will not nothing is more common than unsuccessful men with talent. As former US President, Calvin Coolidge, said, “Nothing in this world can take the place of persistence. By starting small, we do away with the overwhelm of seeing the forest from the trees and are more likely to stay the course instead of fall victim to instant gratification, especially once we start to see results.ĥ - Conspiracies require patience and fortitude.Ĭarrying out any Herculean effort requires this. Commit to going to the gym for example, for 2 minutes a day.Īfter a while, you will tell yourself, “well, I’m already here every day, I may as well train for a little longer”. As James Clear - author of Atomic Habits - puts it, use the two-minute rule. Keep this in mind when building new habits. This is why author and hedge fund manager, Ray Dalio, swears by radical transparency in the workplace.Įssentially, the characteristics of any project.Ĥ - ‘The beginnings of all things are small’ - Cicero While an entrepreneur might save themselves and their employee a moment of awkwardness by neglecting to pass on constructive criticism, their business suffers and so does their employee’s learning and growth. This shows up in the corporate workplace where one’s diligence and technical competence are often no match for political jostling or a deep appreciation for realpolitik.Ģ - The things people don’t say are precisely the things that need to be said. 54 Lessons and Interpretationsġ - The ignorance of how things really work opens us up to manipulation and closes us off from opportunities to advance our own goals. Conspiracy represents a fresh change for Holiday who has made a name for himself by essentially repackaging the works of Stoic philosophers such as Seneca the Younger, Epictetus, and Marcus Aurelius, for a modern audience.Ĭonspiracy is packed with lessons one can apply, not only to carrying out a conspiracy - which few of you reading this are probably planning to do - but more so, lessons you can apply to business and life more broadly.īelow, I have highlighted my key take-aways from the book, and where I felt the inclination, I’ve added my own interpretations of how they might show up in business and in life. Ryan Holiday - decorated 31-year-old author of books such as Ego Is The Enemy and The Obstacle Is The Way - got the inside scoop, spending a considerable amount of time with both Thiel, Nick Denton - founder of Gawker Media, and other players on both sides of the conspiracy, distilling his insights and interpretations into his new book, Conspiracy: Peter Thiel, Hulk Hogan, Gawker and the Anatomy of Intrigue. Thiel - the preeminent entrepreneur, venture capitalist and political activist, best known for co-founding PayPal and Palantir Technologies - was driven to bring down Gawker, not only because of a story they ran in 2008 entitled ‘Peter Thiel is totally gay, people’, but because he felt that Gawker’s brand of clickbait journalism would censor the free exchange of ideas, stifle progress and ultimately drive more would-be entrepreneurs and world-changers to depression and suicide. Peter Thiel’s takedown of the once notorious Gawker Media has served as a modern-day case study on the ages-old conspiracy, and how to successfully carry one out. 54 lessons for entrepreneurs from Ryan Holiday’s new book Conspiracy, on Peter Thiel’s takedown of Gawker Media
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