i classify the world abbictable in two categories. I wanted to either be neutral, all right, or immanslep positive. What people call risky and not risky are often risks. For example, if you use the mark of wits, or use on any of this junk sience, your portfolio is very prone to model error. Or gasse yo, can have a black swan in it. G if you take the same average risk putting 80 % of your cash in treasury bills, ok, and hire two security guards, and hire someone to spy on the security guards, all right,. And put the bills in the bank, ok. Whatever you ant amsin
Nassim Taleb talks about the challenges of coping with uncertainty, predicting events, and understanding history. This wide-ranging conversation looks at investment, health, history and other areas where data play a key role. Taleb, the author of Fooled By Randomness and The Black Swan, imagines two countries, Mediocristan and Extremistan where the ability to understand the past and predict the future is radically different. Taleb's contention is that we often bring our intuition from Mediocristan for the events of Extremistan, leading us to error. The result is a tendency to be blind-sided by the unexpected.