Ep. 004: Nassim Taleb Interview - Fooled By Randomness
Nassim Nicholas Taleb, author of Fooled by Randomness, The Black Swan, Anti-Fragile and Skin In The Game, and I discuss how our brains are really, bad at a couple of things: 1) probabilities; 2) randomness; and 3) cause and effect.
And, how these three things are critical to being a successful investor.
And, critical to understanding why most people … empirically … when you look at the data … are not!
NASSIM TALEB'S BIO:
Nassim Nicholas Taleb (@nntaleb) spent 21 years as a risk taker (quantitative trader) before becoming a researcher in philosophical, mathematical and (mostly) practical problems with probability.
In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 50 scholarly papers in statistical physics, statistics, philosophy, ethics, economics, international affairs, and quantitative finance, all around the notion of risk and probability.
Taleb is currently Distinguished Professor of Risk Engineering at NYU's Tandon School of Engineering and, scientific advisor for Universa Investments. His current focus is on the properties of systems that can handle disorder ("antifragile").
Taleb refuses all honors and anything that "turns knowledge into a spectator sport".
Send any and all questions, comments, and/or suggestions to email@example.com. I answer every email personally.
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