Eric Jorgenson

Like Taleb's morality is all around like,

are you a risk taker?

Are you exposed to the upside or downside of your own behavior?

Or are you kind of like a lamb in the paddock?

And, you know, like many things, Naval finds like a pithy kind of powerful way to phrase it, but it's a, it's a nice way to just kind of like give you a nudge towards your authentic self and to like feel the rush and the risk of being

feeling your skin in the game and feeling exposed to the upside and like being a little more authentically you and on life's adventure.

But also, she was an employee at the level where she had massive equity upside, right?

Maybe the nuance is that you need asymmetric upside, right?

And so what I'm going to call sort of a

directions in one of the chapters of the book is like build or buy equity in a business.

Like you need equity upside, you need asymmetric exposure.

And there's many ways to get that.

There are people who get reasonably rich, who become millionaires, who work nine to fives their whole lives, but they're really diligent savers and investors.

And they max out their 401k and they live on half their salary.

And this is like the fire movement, right?

Their way of getting equity is just like buying the index with half their salary and living below their means.

That's a way to get equity.

You probably won't become a billionaire on $100,000 a year and a 50% savings rate in equity, but you will almost certainly become a millionaire if you're diligent about it over a 50-year time period.

If you ascend to – if you're climbing the corporate ladder –

There are career paths where your salary will go up, but you'll still never get equity exposure.