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Poker
Receive 2 cards, you are the only one to see your two cards
Dealer reveals 3 cards that all players can see and use in their hand
Players bet
Check - if you have enough bet but don’t want to raise
Fold - if you need to put in more chips but don’t want to
Call - match the amount of chips bet by others
Raise - increase the amount of chips bet by each player
Dealer reveals another card
Players bet
Dealer reveals final card
Players bet
Best hand wins
You have no control over the cards you are dealt or the community cards
The only control is whether you take the opportunity given to you or wait for another opportunity
If you are wise about the opportunities you take and the ones you don’t, then over time you will win more often than lose.
When deciding how much to bet, you determine how often you would win out of 100 rounds with that hand (winning percentage) If you would win 1 out of 100. Then you wouldn’t want to bet much if at all because you would have to get 100x what you lost each round when you win just to break even. But if you would win 50% of the time then you only need to double your loss when you win which if you have more then 2 players is likely going to happen.
In life, you don’t get to choose where you start, who your parents are. You only have a small control (usually) over what other people do to you. But you do have the opportunity to choose how you react.
When you have a bad “hand” you can fold and just ignore the situation, you could also bluff and try to learn some things about the other players.
Sometimes, when I have someone who is purposefully attacking me (verbally). I often find it’s a good strategy to bluff and assume that they are joking with me and I laugh along with them. Oftentimes this either softens them up or at least confuses them enough that I can leave the situation.
Sometimes you are given great opportunities and you should determine your odds of success and how much you are willing to bet on that opportunity.
Most of the time you are just dealt average hands and you can try to make the most of it and be willing to adjust as you go.
If whenever you get a bad hand you get angry at chance and think it’s not fair, you will be a poor poker player. Use your bad hands to learn. Be creative, is there any way to turn this into a win, even if it’s a small one?
Remember, we are playing the long game, it’s not about winning every hand, it’s about winning the whole pot. This happens by consistently making good decisions and correctly determining probabilities.
Great players can turn bad hands into successful rounds. It’s all about the mindset
https://www.thrivetimeshow.com/podcast-guests/sean-stephenson/
Clifton Taulbert
Each year for Christmas each person in my family is assigned one other person to give a gift to.
We want it to be a surprise so we can’t have a rotation
We can’t have ourselves or our spouse
We can’t have the person we had last year
We would like to make it more likely to get someone that we haven’t been assigned for awhile.
My program automatically sends out an email to each person with their assignment.
I like it because it forces you to try to get to know the person better so that you can get them a good gift. Strengthens family bonds etc.
Age Segregation
Kids go to school, spend all day with other kids their age
People are encouraged to retire, leaving the workforce for people in working age
Older people spend their time in retirement homes
The normal thing is for the grandparents to help teach the kids
Grandparents teach what is most important, morals, how to live a good life
Parents teach more practical things, how to make a living, how to organize your life etc
Why the change?
Perhaps because things are changing so much that many people look at their parents and grandparents as uninformed because they don’t know the latest tech.
Schools and the push for retirement are big factors
People making drastic life choices without thinking them through
Autopilot just following the path of least resistance
Buying things you don’t need or sometimes don’t even really want
Weighing the importance of each thing
There isn’t enough time or money for you to do everything so you must actively prioritize
Big potential mistakes:
Going into debt - car, house, college, consumer
Wasting time
Not having an idea of what you want your life to look like
What to do?
Think about what a perfect day would look like for you
Try to be as realistic as possible (sitting around all day gets boring fast)
What can you do to design your day to look like that as much as possible?
Do this exercise often because it will motivate you and also it will change over time.
https://www.lastpass.com/
Syncs across computer and mobile
Password Generator
When more than one leader crops up it is because the people no longer agree on something fundamental
Social insects follow this pattern
Primates follow this pattern
Dunbar’s number hypothesizes that we can have a group of 150 people max that we feel comfortable socializing with
https://en.wikipedia.org/wiki/Dunbar%27s_number
If a group gets so big that each person no longer knows all the others then it’s harder to agree on a leader (or common ideologies)
The tribe then splits (or fights)
This is probably good over all
As long as the groups can get along, separating because of fundamental differences leads to more options
The more options there are, the more likely a better option will emerge
If we force everyone to stay in the same group it is probably unhealthy
-it leads to animosity and resentment
-If there is only one option it is less likely to be the ideal (fragile)
How could a system like this work?
Maybe try to design cities with this in mind
Allow communities as much autonomy as possible
Make sure there are clear agreements, traditions, expectations, etc for what happens when there needs to be a split. (peace treaty, who leaves and who stays)
Dispute resolution is key
Personal Preparedness
thesurvivalpodcast.com
Emotional?
Risk Assessment
Fragility Assessment
most common things are not what most people think of
Lost job (savings (money and food), personal connections, side hustles)
Sickness (savings, insurance, personal support group)
Disability (savings, insurance)
Unexpected expenses (savings, insurance)
Death (savings, insurance)
Etc
Less likely things are potentially more disruptive
Natural disaster (food storage, insurance)
Economic problems (food storage, social connections)
War
Pandemics (food storage)
etc
Preparing for the more common things usually sets you up pretty good for the more disruptive things
Find ways to make yourself ant-fragile
Tips:
Make a budget, start saving, financial freedom!!
Eat what you store, store what you eat.
Get insurance!!
Help those around you and build social connections
-Widget on your phone
-record audio
When people give you a suggestion, make a note
When you think of something, make a note
Must plan on looking at it at some point
Collective preparedness is fragile
We can’t always predict everything
We can’t have stuff for everyone
Only one option, if we get it wrong everyone is hurt
Individual preparedness is anti-fragile
Most people are prepared for the things that they think are most likely
Anyone who is wrong can be helped by those who are right
There are thousands of options with varying degrees of usefulness
Distribution is easier
No single point of failure
Each area, community and person is more likely to know what their needs are
Capture Tasks (Stay Focused)
When you are already doing something and you see something else that needs to be done, write it down wherever you need to so you can remember it later.
Unless it is more urgent or important than what you are doing now
Or it won’t throw you off track
Prioritize Tasks
What is Urgent?
Things that will cause major consequences if they are not done on time
What is most important
What do you enjoy
Plan Tasks
Try to eliminate as many urgent tasks as you can (Focus Funnel Procrastinate on Purpose by Rory Vaden)
Eliminate - Ignore
Automate - Invest
Delegate - Delegate
Procrastinate
Permanence of deadline
Rock - Cannot be changed, you do it at this time or not at all
Wood - Date is set but you could potentially change it
Clay - Better if scheduled but can be moved easily
Water - No scheduling needed, can be done any time
Focus on the most important urgent item and get it done then move on to the next
Take small breaks as desired (pomodoro)
When All your urgent tasks are done, work on the things that are most important and that you most enjoy.
The podcast currently has 55 episodes available.