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.