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The Knowledge with David Elikwu

David Elikwu



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59: Ergodicity and Decision-making with Luca Dellanna

• 63 min

David speaks with Luca Dellanna, a management advisor and author. Luca is the author of multiple books, including "Ergodicity" and "Best Practices for Operational Excellence". His work emphasizes the importance of understanding risk, maximizing longevity, and making high-quality decisions in various domains. They talked about: 💡 The concept of ergodicity: Survival matters more than performance, and irreversible losses can absorb future gains. 🚧 The importance of avoiding extremes: Finding a balance between extremes is crucial to minimize risks and maintain well-being. 📊 Optimise for average: Consistently being average over time can lead to being above average in the long run. 📋 The role of good coaches and managers in providing actionable feedback: Maintaining skills, culture, and reducing risk through regular maintenance is crucial for long-term success in organizations. 📜Full transcript: 📹 Watch on Youtube: 👤 Connect with Luca:Twitter: @DellAnnaLuca Website: Books: Ergodicity Best Practices for Operational Excellence 🗣 Mentioned in the show:Elizabeth Swaney | mediocrity Freestyle World Ski Championships | Elon Musk | The Success Equation | Michael J. Mauboussin | The 22 Immutable Laws of Marketing | DuPont | David Epstein | Range | Annie Duke | Thinking in Bets | Steve Carroll | Greg Popovich | Nasim Taleb | Antifragile | Scaling People | Claire Hughes Johnson | Bent Flyvbjerg | How Big Things Get Done | 👨🏾‍💻 About David Elikwu: David Elikwu FRSA is a serial entrepreneur, strategist, and writer. David is the founder of The Knowledge, a platform helping people think deeper and work smarter. 🐣 Twitter: @Delikwu / @itstheknowledge 🌐 Website: 📽️ Youtube: 📸 Instagram: 🕺 TikTok: 🎙️ Podcast: 📖 EBook: My Online Course 🖥️ Career Hyperdrive: Career Hyperdrive is a live, cohort-based course that helps people find their competitive advantage, gain clarity around their goals and build a future-proof set of mental frameworks so they can live an extraordinary life doing work they love. The Knowledge 📩 Newsletter: The Knowledge is a weekly newsletter for people who want to get more out of life. It's full of insights from psychology, philosophy, productivity, and business, all designed to help you think deeper and work smarter. My Favorite Tools 🎞️ Descript: 📨 Convertkit: 🔰 NordVPN: 💹 Nutmeg: 🎧 Audible: Support this podcast at —

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