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nathan greenlee
Worked at Team & Culture
Lives in denver, co
100 followers|30,067 views
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My grandpa's first tire plant in 1934.
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It boasts 6x more startups than the national average. It's among the 20 most productive metro areas. And its unemployment rate is just 5.4%. Ladies and gentlemen, welcome to Boulder, Colorado!  http://www.inc.com/magazine/201312/boulder-colorado-fast-growing-business.html?cid=sf01002
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Disclaimer: Vitalik Buterin and Mihai Alisie have some involvement in the Dark Wallet project Once in a while a really big idea comes along: an idea that completely changes our concept of society. In 1448 Johann Gutenberg brought together existing, disparate technologies. With some innovation of his own he perfected the printing press. The invention spread globally and initiated a process of immense social change. In 1876 Alexander Graham Bell, s...
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LinkedIn's Series B Pitch to Greylock: Pitch Advice for Entrepreneurs via +Reid Hoffman http://reidhoffman.org/linkedin-pitch-to-greylock/
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This week news emerged that Microsoft co-founder Paul Allen had sold his private island north of Seattle for $8 million to an undisclosed buyer. Now the bu
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The Pareto Principle says that in most situations roughly 80% of effects come from only 20% of the causes. We can use the Pareto Principle to better manage our time and focus on the things on our task list that really make a difference.
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The secret to Jeff Bezos's customer-driven idea machine: Coddle the 164 million people who buy from Amazon, even if it means constant upheaval for employees, shareholders and everyone else
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Nassim Taleb's Rules via Global Guerrillas

Taleb’s Rules

What is fragile should break early while it is still small. Nothing should ever become too big to fail. Evolution in economic life helps those with the maximum amount of hidden risks – and hence the most fragile – become the biggest.

No socialisation of losses and privatisation of gains. Whatever may need to be bailed out should be nationalised; whatever does not need a bail-out should be free, small and risk-bearing. We have managed to combine the worst of capitalism and socialism. In France in the 1980s, the socialists took over the banks. In the US in the 2000s, the banks took over the government. This is surreal. 

People who were driving a school bus blindfolded (and crashed it) should never be given a new bus. The economics establishment (universities, regulators, central bankers, government officials, various organisations staffed with economists) lost its legitimacy with the failure of the system. It is irresponsible and foolish to put our trust in the ability of such experts to get us out of this mess. Instead, find the smart people whose hands are clean.

Do not let someone making an “incentive” bonus manage a nuclear plant – or your financial risks. Odds are he would cut every corner on safety to show “profits” while claiming to be “conservative”. Bonuses do not accommodate the hidden risks of blow-ups. It is the asymmetry of the bonus system that got us here. No incentives without disincentives: capitalism is about rewards and punishments, not just rewards.

Counter-balance complexity with simplicity. Complexity from globalisation and highly networked economic life needs to be countered by simplicity in financial products. The complex economy is already a form of leverage: the leverage of efficiency. Such systems survive thanks to slack and redundancy; adding debt produces wild and dangerous gyrations and leaves no room for error. Capitalism cannot avoid fads and bubbles: equity bubbles (as in 2000) have proved to be mild; debt bubbles are vicious. 
Do not give children sticks of dynamite, even if they come with a warning . Complex derivatives need to be banned because nobody understands them and few are rational enough to know it. Citizens must be protected from themselves, from bankers selling them “hedging” products, and from gullible regulators who listen to economic theorists.

Only Ponzi schemes should depend on confidence. Governments should never need to “restore confidence”. Cascading rumours are a product of complex systems. Governments cannot stop the rumours. Simply, we need to be in a position to shrug off rumours, be robust in the face of them.

Do not give an addict more drugs if he has withdrawal pains. Using leverage to cure the problems of too much leverage is not homeopathy, it is denial. The debt crisis is not a temporary problem, it is a structural one. We need rehab.

Citizens should not depend on financial assets or fallible “expert” advice for their retirement. Economic life should be definancialised. We should learn not to use markets as storehouses of value: they do not harbour the certainties that normal citizens require. Citizens should experience anxiety about their own businesses (which they control), not their investments (which they do not control).

Make an omelette with the broken eggs. Finally, this crisis cannot be fixed with makeshift repairs, no more than a boat with a rotten hull can be fixed with ad-hoc patches. We need to rebuild the hull with new (stronger) materials; we will have to remake the system before it does so itself. Let us move voluntarily into Capitalism 2.0 by helping what needs to be broken break on its own, converting debt into equity, marginalising the economics and business school establishments, shutting down the “Nobel” in economics, banning leveraged buyouts, putting bankers where they belong, clawing back the bonuses of those who got us here, and teaching people to navigate a world with fewer certainties. Then we will see an economic life closer to our biological environment: smaller companies, richer ecology, no leverage.

A world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news. In other words, a place more resistant to black swans.

http://globalguerrillas.typepad.com/globalguerrillas/talebs-rules.html
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People
In his circles
169 people
Have him in circles
100 people
Precision Pours - a coffee house's profile photo
Hoster's profile photo
Colorado Buffaloes Fans's profile photo
PurexHost Inc,'s profile photo
Robert Mars's profile photo
Steady Demand's profile photo
Myron Pincomb's profile photo
Colorado Card's profile photo
Abdulqadir husaini's profile photo
Work
Occupation
{ technology entrepreneur & culture warrior }
Skills
entrepreneurship, tech and new space startups, building teams, venture funding, international business & executive management,.
Employment
  • Team & Culture
    co-founder, 2015
    { technology entrepreneur } interested in #startups helping build great #culture #teams #companies Empowering team members with whatever they need to get the job done.
  • Antarctic Support Associates / Raytheon Polar Services, US West / Qwest, Sibir Solutions, (aTs) al33t solutions....
    Science Support.
    Worked on the ice @ McMurdo Station.
Basic Information
Gender
Male
Story
Tagline
"Begin at once to live, and count each separate day as a separate life." Lucius Annaeus Seneca
Introduction
{ technology entrepreneur } interested in #startups helping build great #culture #teams #companies
Bragging rights
roads scholar
Places
Map of the places this user has livedMap of the places this user has livedMap of the places this user has lived
Currently
denver, co
Previously
washington, dc - moscow, russian federation - los angeles - mcmurdo station, antarctica - new york city - Miami, Fl
Seemingly it is antithetical to say Woohoo! As good as it gets about a funeral home, but they truly deserve 5 stars. I'm not trying to be effusive in my praise but I have little choice based on my family's experience with this firm. For over 20 years my family has done business with Horan & McConaty. During this time we have recommended them to many other grieving families. Without exception, our referrals have always been treated superbly. Since, we've had such good experiences with Horan & McConaty, selecting a funeral home is not something I give any thought to anymore. As such, I started to take their great service for granted. That is until I attended a service, at another funeral home, where there was little to no service given. It was a total fiasco - not enough chairs, & no staff to help. Then it dawned on me how none of this would happen @ Horan & McConaty. The difference was vivid & tangible. A funeral is not an event, it is a process. So much work happens behind the scenes, that the customer never sees, to make a service go smooth. I now more fully appreciate service, and I do not take it for granted. Horan & McConaty has been in this business, in Denver, for 5 generations. That speaks for itself. Rarer still is the fact that Horan & McConaty has a sterling reputation throughout those 5 generations. I can't recommend Horan & McConaty enough, or any more highly.
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