3min chapter

Odd Lots cover image

Nassim Taleb on What Bitcoiners, Anti-Vaxxers and Deadlift Maxis All Get Wrong

Odd Lots

CHAPTER

The Importance of Expected Return in Venture Capital Investments

VC and tech investments in general became so popular during an era of low interest rates. It seems like both those two things, you never really know what the next Black Swan event is going to be or the next big technological innovation. Is there an overlap between trying to identify tail risks, which almost by definition are unknowable, and that kind of model of buying a lottery ticket for the next big thing?

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