On the Edge

“But we're also going to talk about the importance of risk-taking and the habits of successful risk-takers, which he lays out in his new book out today, On the Edge: The Art of Risking Everything.”

“the notion of like gambling halls or casinos I think kind of dates back to you know maybe 16th or 17th century Europe roughly like that's that's potentially newer but the notion of like tempting one's fate I think um which is still a romantic notion I think some gamblers have right like Irving gothman who I cite in the”

“it's kind of like the story of Sam mman freed in the book a little bit that everyone assumed that because he has such prestigious um coattails that he's hanging out with Anna Wintour and hanging out with um you know Bill Clinton and Tony Blair and like um he has his name up on a basketball arena in Miami”

“like one thing that I found in the book is I kind of had this outline of like here all these areas that are interesting to me and kind of literally started out I mean the First Act I took for the book was I flew to Florida my first trip on a plane after the pandemic um and went”

“yeah I think the EA and look the book has a very long discussion of EA and and in the spirit of EA I'm sure it'll get reviewed on these different forums and I hope it's and I mostly like EA to be clear most like them”

“and there are lots of people in the book that probably would be class ified as being on the Spectrum where we classify themselves that way”

“I mean I think there are I think there has to be some innate component and people I've talked to that like I've talked in the book it's like mostly quants and things like that it's like you know hedge fun people and poker players”

“I mean in some ways like the book is like you know in a very limited way but the book is kind of like AI enhanced and different ways right um and so look I look I'm not like a I am not convinced necessarily that we're going to achieve super intelligence”

“and you know one of the in the book there is a lot on AI including like reasons to be optimistic or pessimistic about P Doom your readers probably know what pdom is if they don't know they deserve P Doom right”

“Nate’s latest book is On The Edge: The Art of Risking Everything, where he dives into the worlds of Doyle Brunson, Peter Thiel, Sam Bankman-Fried, Sam Altman, and more.”

“Yeah, sometimes I get that about the entrepreneurial side, and then I go like, but what about the bargains, to speak of the village, which you talk a lot about in the book?”

“Like you talk about Musk in the book, and Peter—I’ve heard Peter talk about this—but like Musk as this guy who just goes all in both in poker but also with his companies.”

“The thing about poker is you're getting lots of reps with similar situations and—and yeah, mathematical situations, whereas like think about it, so you had some intuition from your first book, then you have intuition from the experience of your second book.”

“And like you even think about this with some of the entrepreneurs you talk about in the book; like they founded one company or two companies, and then so you're generalizing from this experience, but it's not that much experience given the immensity of the possible experiences.”

“you might say he has a new book out which I thought was excellent informative fun on every page on the edge the art of risking everything Nate welcome”

“there is a Steve levit paper you cite in your book that indicates people make better decisions when they flip a coin to avoid status quo bias”

“well Nate um you you read uh Nate's book on the edge um and and we talked about this on the podcast”

“He just wrote an entire book about it, On the Edge, The Art of Risking Everything.”

“And I did read I have read your I just you know I think what sparked me into this whole thing is I read your book Maria and then I read Nate's new book and I started getting the fever, you know?”