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19min chapter
#051 - The Black Swan: Nassim Taleb (Incerto Series)
rational vc
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode