Are You Going to Be Suffered by the High Number of Specious Winners?

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The problem we have to day is, just like with medicine, ok, is that you have so many traders. So ofsromy, more or less skills, were going to have encounter a certain number of spirious winners. And these are the ones who attract capital and displace the people who are,. you know, can be spirious losers or dust regular people. Ca, people w reveal their own properties conbe completely swamped by these peoplean.

Nassim Taleb talks about the challenges of coping with uncertainty, predicting events, and understanding history. This wide-ranging conversation looks at investment, health, history and other areas where data play a key role. Taleb, the author of Fooled By Randomness and The Black Swan, imagines two countries, Mediocristan and Extremistan where the ability to understand the past and predict the future is radically different. Taleb's contention is that we often bring our intuition from Mediocristan for the events of Extremistan, leading us to error. The result is a tendency to be blind-sided by the unexpected.