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For the video version of this episode click here.

Timestamps:

(00:00) Intro / chit-chat

(20:11) Randomness & Luck

(24:46) Monte Carlo Simulation

(31:09) Ergodicity

(31:39) Hindsight Bias

(38:00) Survivorship Bias

(39:50) Asymmetric Bets / John & Nero

(49:53) Skewness & Asymmetry

(57:19) Pascal's Wager

(1:00:53) Induction & Chaos Theory

(1:03:22) Chapter 11

(1:08:45) System-1 vs System-2 Thinking

(1:10:03) Satisficing

(1:20:08) Normative vs Positive Thinking

(1:25:52) Signal vs Noise

(1:28:20) Heuristics

(1:33:45) Final Part of Book (Part 3's Importance)

(1:44:41) Favourite Quotes / Our Lives

(2:06:11) Final Thoughts

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Our website (all essays and podcasts): rationalvc.com Our investment fund: rational.fund Cyrus' Twitter: x.com/CyrusYari Iman's Twitter: x.com/iman_olya

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Disclaimer: The materials provided are solely for informational or entertainment purposes and do not constitute investment or legal advice. All opinions expressed by hosts and guests are solely their own opinions and do not reflect the opinion of their employer(s).

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