Nassim Taleb - The BEST Way To WIN and Avoid Being a Fool

Episode 50: Fooled by Randomness - Nassim Taleb.  Every podcast episode we explore a Lindy book, and find ideas you can use in business and life. Join 3,000+ curious minds and avid readers @ rationalvc.com to get free access to essays and exclusive content.

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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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