#051 - The Black Swan: Nassim Taleb (Incerto Series)
Description
Learn from history's Greatest Minds — and find Timeless ideas you can apply to business and life. Every podcast episode we explore a Lindy book: We strive to become polymaths like our investing and business icons, pulling the Big Ideas from a wide range of disciplines to help us become better investors and operators. For the curious-minded seeking Worldly Wisdom. Join 3,000+ curious minds and avid readers by subscribing @ rationalvc.com to get free access to essays and exclusive content.
For the video version of this episode click here.
Timestamps:
(00:00 ) Intro / chit-chat
(09:26 ) Structure of the show
(10:36 ) What is a Black Swan?
(19:34 ) Human blindness to Black Swans
(01:02:45 ) Mediocristan vs Extremistan
(01:30:45 ) Bell Curve / Gaussian fraud
(01:37:18 ) Why the Midwit meme is wrong
(01:47:27 ) Leveraging Black Swans
(01:58:34 ) Chapter overviews
(02:19:16 ) Chapter 19 deep dive
(02:27:58 ) Favourite quotes / our lives
(02:37:09 ) Fat Tony
(02:43:33 ) 10 Principles for Black Swan robustness
(02:48:54 ) Amor Fati
—
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
—
Links mentioned in the episode below:
Iman Tweet on daily routines of creatives:
https://twitter.com/iman_olya/status/1764721995743121415
Table 1 - Extremistan vs Mediocristan:
https://capitalideasonline.com/wordpress/mediocristan-vs-extremistan/
Vizi Andrei:
https://twitter.com/viziandrei
Cyrus being interviewed on the Brick by Brick podcast:
https://open.spotify.com/episode/54RvagfMSIWNtVwAe2193a?si=1cb28db259814326
Cyrus essay on Angel Investing (incl. Barbell Investing):
https://www.rationalvc.com/articles/angel
Cyrus essay on Tech Markets are Irrational:
https://www.rationalvc.com/articles/irrational
Jack Raines FU Money ZeroHedge essay:
https://www.youngmoney.co/p/fck-money
WhosAria Bars of Wisdom newsletter:
https://www.barsofwisdom.com
Fat Tony's Community:
https://fattonys.net/
—
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).
#Timeless #wisdom #knowledge #books #polymaths
United States
