The Knowledge with David Elikwu
David Elikwu
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59: Ergodicity and Decision-making with Luca Dellanna
• 63 minDavid 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:https://www.theknowledge.io/lucadellanna/ 📹 Watch on Youtube:https://youtu.be/bcygw2DraG0 👤 Connect with Luca:Twitter: @DellAnnaLuca Website: http://luca-dellanna.com/ Books: Ergodicity Best Practices for Operational Excellence 🗣 Mentioned in the show:Elizabeth Swaney | https://www.theknowledge.io/issue66/#:~:text=Exceptional mediocrity Freestyle World Ski Championships | https://en.wikipedia.org/wiki/FIS_Freestyle_World_Ski_Championships Elon Musk | https://en.wikipedia.org/wiki/Elon_Musk The Success Equation | https://amzn.to/3p38kog Michael J. Mauboussin | https://en.wikipedia.org/wiki/Michael_J._Mauboussin The 22 Immutable Laws of Marketing | https://amzn.to/43FgNwS DuPont | https://en.wikipedia.org/wiki/DuPont David Epstein | https://twitter.com/DavidEpstein Range | https://amzn.to/43UpH9C Annie Duke | https://en.wikipedia.org/wiki/Annie_Duke Thinking in Bets | https://amzn.to/3X5z04k Steve Carroll | https://en.wikipedia.org/wiki/Steve_Carell Greg Popovich | https://en.wikipedia.org/wiki/Gregg_Popovich Nasim Taleb | https://en.wikipedia.org/wiki/Nassim_Nicholas_Taleb Antifragile | https://amzn.to/45Zw5yf Scaling People | https://amzn.to/43EhmHh Claire Hughes Johnson | https://twitter.com/chughesjohnson Bent Flyvbjerg | https://en.wikipedia.org/wiki/Bent_Flyvbjerg How Big Things Get Done | https://amzn.to/3X8uCBO 👨🏾💻 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: https://www.davidelikwu.com 📽️ Youtube: https://www.youtube.com/davidelikwu 📸 Instagram: https://www.instagram.com/delikwu/ 🕺 TikTok: https://www.tiktok.com/@delikwu 🎙️ Podcast: http://plnk.to/theknowledge 📖 EBook: https://delikwu.gumroad.com/l/manual My Online Course 🖥️ Career Hyperdrive: https://maven.com/theknowledge/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: https://theknowledge.io 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: https://bit.ly/descript-de 📨 Convertkit: https://bit.ly/convertkit-de 🔰 NordVPN: https://bit.ly/nordvpn-de 💹 Nutmeg: http://bit.ly/nutmegde 🎧 Audible: https://bit.ly/audiblede Support this podcast at — https://redcircle.com/the-knowledge-with-david-elikwu/donations
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