'These horrible people do everything' - Jordan Peterson on Price's Law

AUDIO CORRECTED VERSION: In this lecture, he completes his discussion of Big Five trait openness to experience, which is the dimension composed of an amalgam of creativity and intelligence. He also discuss IQ: how it is measured, what it means, how powerfully it predicts long-term life success, as well as the highly skewed Pareto distribution of creative production.

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[gendoruwo]

"Out of every 100 men you send to fight,
10 shouldn't even be there,
80 are nothing but targets,
9 are the real fighters, we're lucky to have them for they make the battle,
Ah but the 1, that 1 is a true warrior, and he will bring the others back."
-- Heraclitus.

[tws]

These kids being educated by dr Peterson should consider themselves blessed

[hellavadeal]

You know your one of the good workers when fellow employees tell you to slow down, your making everyone look bad. That is when it is time to go into business for yourself.

[chasesmith]

I wish I was in the 1% of people who had the opportunity to take his class. His way of lecturing is so fiercely interesting

[willyhwang]

"People get stuck in their niche and they don't move." So true. Great quote.

[slappy]

The US Army did a study in WW2 and found that 90% of soldiers didn't even fire their weapons in battle. They basically just served to distract the enemy with numbers. This is why certain units, like the Airborne, Rangers, and Marines had such high combat effectiveness; they were all volunteers, and therefore were motivated to fight, whereas regular draftees didn't even want to be there. Most employees aren't motivated to work, but simply have to, and will do no more than they must to keep their jobs.

[musmic]

The other worst part is that a good percentage of the incompetent people HATE the small number who do everything because they are better at their jobs.

[kichigaisensei]

Fascinating. I have seen this exact thing happen over and over again. Smaller companies with a good idea are built by a small number of doers. Then their success destroys them. More and more milkers latch on. Creativity and competence die. Success and profits die soon thereafter.

[initialTRD]

i recently got hired to a large company. i have always worked at small companies. i was shocked how many people don’t work hard and milk the company.

[Jcluis]

A true Canadian 😂 number of shots scored in hockey

Number of... number of... basketballs.. um, successfully put through the .. hoop

[shananagans]

This is so true. When people ask me how many people work where I work, I always say "about half of them".

[andrewclover]

Q: "What happens when you play Monopoly?"


A: Families are torn apart and good friends never speak again.

[paulhaberle]

I've been on both sides of Price's law. As a blue collar worker I'm like the cream that rises to the top - in white collar world I suck crap. So I concentrated on blue collar work and found that the best earners in blue collar specialize. So I specialized in metal roofing installation. Applied the lean process and the 80/20 principal and bamooo. I want to thank the likes of Jordan Peterson, Paul Ackers, Michael Gerber, David Goggins, John Calvin and Jesus. Best of luck to you and keep watching Jordan!!!

[breebw]

6:29 Peterson gets asked a question(a good one too), and Peterson's response is thorough, clear, and interesting. Peterson is a gifted lecturer. It shows why this kind of teacher/student interface is critical. The move to online learning is highly detrimental.

[boethius]

Jordan Peterson always expands my brain.

[TheDeividasLTU]

I'm so deep into the JP rabbit hole right now

[JayakrishnanNairOmana]

This video must be made mandatory viewing at every high school. His and other incredible Professors' classes being free on Youtube is the best part of Youtube.

[ThyVincent]

You have -1 workers. i of them do half the work

[Jonathan-fllh]

Moral of the story: keep your circle small, it's more likely to be more efficient

[tc]

I think he just proved the key long-term advantage of index funds. You hold all the companies according to their size, with a bias towards the winners-at-present. As times change, those companies sink down the index and are replaced by newer companies, and so on. An index fund works because rather than try and predict the future, it just free rides off of the success of all companies as a whole, and as companies mature and die, their valuation relative to their earnings decreases meaning you will be less exposed to old dying companies vs more highly valued newer companies of a similar size, AND the dividend yield of dying companies tends to increase dramatically.

I'll put it this way, you don't bet on which animals in the jungle are going to do well over the next year or decade, you bet on the circle of life, it moves us all.