4min chapter

Decoding the Gurus cover image

Nassim N. Taleb: Everything these idiots, frauds, and assholes don't understand

Decoding the Gurus

CHAPTER

The Costly Mistakes in Modern Gambling Are Not Costly

This is such a terrible analogy. It doesn't matter how well versed you are in probability and mathematics, you're just making a bad argument by saying that mistakes in modern gambling are not costly. Like the idea that you can rely on huristics and intuitions to deal with our modern problems, or for matter, to make any decisions about gambling, is just tremendously wronad ye agreed. So were with that tremendously wrong headed bookand shall we give our concluding toughts on old nasin, good old nasim ye?

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