“You cannot make a living by predicting things; only by betting”
— Nassim Nicholas Taleb
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Simplified Meaning:
Talking about things that might happen in the future doesn't help you earn money. For instance, imagine you and your friends often talk about which sports team will win a game. Just guessing who will win doesn't bring in any cash. But if you place a bet on that team and they win, you make money because you took a risk. This idea also works in business and investments. Simply talking or thinking about a great business idea won't bring success. You need to take action—invest time, effort, or money in your idea. So, the main point is that taking calculated risks and acting on your predictions is what actually leads to earning a living, not just talking about what might happen.
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