This week, we revisit a classic episode released five years ago. In a newly recorded introduction, David shares the background on the episode and why he chose to release it again in its newly edited form.

Topics covered include:

• The availability heuristic and confirmation bias
• How to deal with extreme events when most days are just like the day before
• How chaos and unpredictability is used as a leadership strategy
• Why do we need a point of view to guide our actions when investing
• How to manage financially in a increasingly complex and risky world

Show Notes

Uncertainty – Lawrence M. Krauss – Edge

Regression To the Mean – James J. O’Donnell – Edge

Excerpts from Seth Klarman’s 2016 year end letter to his clients as quoted in the New York Times

Messy: The Power of Disorder To Transform Our Lives – Tim Harford

Seth Godin Course on Presenting To Persuade

Ultra-Easy Money: Digging The Hole Deeper? – William R. White

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