The Joe Walker Podcast On Radical Uncertainty, "Phantastic Objects", And Blowing Bubbles - David Tuckett
13 snips
Oct 16, 2019 AI Snips
Chapters
Transcript
Episode notes
Fundamentals as Narratives
- Fundamental value cannot be known except through human perception and narratives.
- Value depends on imagination, and information requires interpretation, making fundamentals subjective.
Valuing Siemens
- David Tuckett asked a Siemens managing director how he values his company.
- The director admitted it's a total guess based on conventions and accounting, highlighting the difficulty of future valuation.
Bayesian Inference and Uncertainty
- In non-frequentist environments, diverging from Bayesian inference isn't irrational.
- However, some narratives are more trustworthy than others based on their underlying process.