April 15, 2019 - Inside India’s ambitious effort to provide early care and education to 400 million kids

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From the Editor's Desk There's no actual skill called "business": Naval Nassim Taleb made his fortune, his wealth by being a trader who basically relied upon black swans. Nassim Taleb made money by losing little bits of money every day and then once in a blue moon he would make a lot of money when the unthinkable happened for other people. Whereas most people want to make little bits of money every day and in exchange they'll tolerate lots of blow-up risk, they'll tolerate going completely bankrupt. We're not evolved to bleed a little bit every day. If you're out in the natural environment, and you get a cut and you're literally bleeding a little bit every day, you will eventually die. You'll have to stop that cut. We're evolved for small victories all the time but that becomes very expensive. That's where the crowd is. That's where the herd is. So, if you're willing to bleed a little bit every day but in exchange you'll win big later, you will do better. That is, by the way, entrepreneurship. Entrepreneurs bleed every day. Continued here Read TradeBriefs every day, for the best insight! Advertisers of the day INSEAD: The INSEAD Leadership Programme for Senior Executives - India Wharton Business Analytics Team: Wharton's Business Analytics Program (Online) Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Work Inside India's ambitious effort to provide early care and education to 400 million kids Experts say it's perfect on paper. But what about in practice? Work The problem with the tech IPO economy Why would VCs bet so much on startups without a sustainable competitive edge? Work Here's why India's electoral bonds make political funding even more opaque The information on donors is not public, so voters remain in the dark. Work TED 2019: 10 years of 'ideas worth spreading' TED talks have become synonymous with cutting-edge ideas and are watched by millions. 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