
#1219 Scott Patterson | CHAOS KINGS: The Men Who Profit Off Disaster
The Pomp Podcast
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The Uncertainty of Black Swans in the Market
The original idea of the book actually came in early 2020 when I saw what university did. It made me think, what is it about their way that enabled them to get through this period of crazy risk and come out looking pretty smart? The uncertainty of the potential outcome of these risks is so high that you need to be very careful about managing that risk. And with black swans in the market, you don't know it's going to happen. You don't know that there's going to be a crash. But the uncertainty about the potential of it means thatyou need to be pretty careful about it.
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