rational vc #050 - Fooled by Randomness: Nassim Taleb (Incerto Series)
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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'.
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Timeless Content
- Timeless content matters more than short-lived interviews.
- Focus on Lindy books and their wisdom, like Taleb's Incerto series.
Taleb's Importance
- Taleb's work is essential in a world of charlatanism, especially in VC and startups.
- His books are not just to be read, but studied for deeper understanding.
Randomness and Luck
- People underestimate luck's role in success, especially in VC and startups.
- Attribute success to skill, but acknowledge luck's significant impact.