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Single Best Idea with Tom Keene: Nassim Taleb, Sebastien Page, Andrew Aurich

Bloomberg Surveillance

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Navigating Risk: Humility and the Inaccuracies of Statistical Models

This chapter explores a prominent thinker's perspective on humility and the importance of understanding risks in finance, particularly regarding ruin problems. The conversation critiques the reliability of normal distribution in predicting market behavior, revealing the gap between theoretical models and real-world outcomes.

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