#051 - The Black Swan: Nassim Taleb (Incerto Series)
rational vc
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Contrasting Mediocrustan and Extremistan
The chapter delves into the concepts of Mediocrustan and Extremistan, highlighting how events in the latter can significantly impact the overall outcome. It challenges the normal distribution curve, focusing on black swan events and Mandelbrotian randomness. Discussions include the flaws of the 'midwitt meme', critiques of the bell curve, and the disconnect between popular startup ideas and practicality.
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