Mediocristan & Extremistan | Major Takeaway From The Black Swan

The Incerto & Nassim Taleb Podcast

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3+ y ago 13:29

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Extremistan V. Mediocristan
One of the best takeaways from the Incerto & a fantastic way to think about the markets (outsized returns) and a fantastic way to measure broken beauracracy who think their processes are the cause of their success.
These are two imaginative lands Nassim introduces us too in the Black Swan.
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I also turned these ideas into a youtube video https://youtu.be/BK3ja5HTx9s