7min chapter

The Joe Walker Podcast cover image

Nassim Taleb — Meditations on Extremistan

The Joe Walker Podcast

CHAPTER

Understanding Shadows: Mean and Market Behavior

This chapter examines market behavior through the lens of statistical distributions, focusing on the shadow mean and the differences between thin-tailed and fat-tailed distributions. It underscores the importance of recognizing extreme events in historical data, with implications across various fields such as finance and warfare.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode