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Value After Hours S05 E27: Precautionary Principle; Value Spread Closes; Market and Economy Disagree

The Acquirers Podcast

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The Progressionary Principle: A Mitigation Against Black Swans

Taleb is skeptical of the traditional kind of cost benefit analysis that you usually see because it doesn't apply when outcomes have infinite costs. He talks about this a lot with an comes to insurance. Buffett's got here first and said, that's rule number one for him. Don't play Russian roulette no matter how enticing the odds. Look for the aggregation of risks in all of your operations.

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