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Ep30 - Nassim Nicholas Taleb | Skin in the Game

Talks at Google

CHAPTER

Machine Learning Is Successful

A fellow who lost a million dollars trading green lumber. Didn't know, he thought it was lumber painted green. He didn't know it was freshly cut lumber. So is it that that person, this is very lik in argument, knew nothing about know that he knew a lot of stuff, but not necessarily what you think from the outside is valuable? And then finally, y have one minute er when you have business where theres can in again, say, surgery. This is why machine learning is successful, because machine learning has no ideas. Doesn't learn. Is learned from the inside, not from the outside.

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