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The video itself is a super condensed version of his book primarily aimed at the Youtube audience demographic, the book it is based on probably goes much furthe
by ayngg 4y ago
The video itself is a super condensed version of his book primarily aimed at the Youtube audience demographic, the book it is based on probably goes much further into depth.
- kelseyfrog 4y agoThe book's calls to action are as such: > Know all the possibilities, think about the worst-case scenarios, and then find ways to eliminate the intolerable ones. > Diversify > Put deferred gratification ahead of immediate gratification so you will be better off in the future. > Triangulate among the smartest people possible Each of these have varying degrees of paragraphs detailing their nuance, but they all come back to the point of making personal decisions to navigate a decline rather than changing the system of decline.
- jstx1 4y agoIs deferring gratification still sensible when the future is uncertain? The point is that you give up something in the present in order to get something in the future. But when the future is less reliable, it’s more likely that you’re giving up stuff for no future benefit.
- kelseyfrog 4y agoThat's right. Deferring gratification is deciding to pass on the mousseline sauce on an ill-fated voyage across the Atlantic. I'd much rather be focused on advancing safer modes of transport than worried about which lifeboat I'm going to head for.
- ayngg 4y agoI think Dalio is choosing to focus on what the individual can do to navigate change one cannot control, which is a lot easier for individuals to do compared to what systemic change could be done to make changes for the better, which often requires massive resources, coordination and political capital not available to the average person. That sort of stuff is outside of the scope of what the book is about it seems.