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rational vc

#050 - Fooled by Randomness: Nassim Taleb (Incerto Series)

Jan 8, 2024
Nassim Taleb discusses randomness, luck, and decision-making. Topics include Monte Carlo simulation, survivorship bias, skewness, System-1 vs System-2 thinking, signal vs noise, heuristics, and the importance of the book 'Fooled by Randomness'.
02:11:03

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Success is influenced by both skill and luck, and it's important to acknowledge the role of randomness in outcomes.
  • Skewness and asymmetry should be considered when evaluating the potential upside and downside of bets or decisions.

Deep dives

The Role of Randomness and Luck

This podcast episode explores the impact of randomness and luck on success. It emphasizes how people often underestimate the role of chance in their achievements.

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