I stumbled upon this on Twitter, and came running to look for it on other platforms. Taleb doesn't do a lot of podcasts, this is a huge complement to you.
Much respect to NNT, reverse loss aversion is not a usual response to critics. It goes to show the authenticity behind the man is one of a kind, he is not a slave to respect or recognition. Your work has changed my view in many ways, from overvaluing theory over practice. It helped me settle into becoming the best practitioner instead of the most intellectually accurate. Practice to theory, instead of theory to practice. Thank you Joseph Noel Walker, amazing guest!
Reposted: Timestamps: (0:00:55) - Heuristics for knowing when you're in Mediocristan versus Extremistan. (0:06:06) - Are certain tail exponents intrinsic? (0:10:30) - Why hasn't Universa's tail hedging strategy now been fully priced in? (0:11:52) - Does the power law distribution of startup returns mean VCs should concentrate their bets, or spray and pray? (0:15:20) - Nassim's 30-minute take on the field of behavioural economics. (0:48:57) - Nassim's 20-minute take on superforecasting. (1:11:03) - The Precautionary Principle and AI. (1:17:28) - What are LLMs doing? (1:23:10) - War, violence, & "the empirical mean is not the real mean". (1:39:17) - Covid, & how Western governments think about tail risk. (1:43:38) - What's the most important thing people in social science get wrong about correlation? (1:52:58) - How does Nassim explain the perspicacity of the Russian school of probability? (1:55:56) - Why doesn't Hayek's knowledge argument extend to prediction markets? (1:58:26) - If mean absolute deviation is a better measure than standard deviation, why has the latter become commonplace? (2:01:09) - Nassim's next book, and what he's up to at the moment.
I like things being simple (not very technical) but I like Nassim because of his view on Bitcoin and confronting it as it is. I wish Nassim could ever comment on Charlie Munger's wisdom and how his approach to life/Investing was.
Nassim: "Sorry, this is technical" Joseph: "Nah, technical is good" This is EXACTLY why podcasts destroy television and literally all corporate curated media.
interesting conversation. Stunned by Taleb's insouciance wrt AI. Waiting to be concerned before thinking about the potential risks is like attempting to put on a seatbelt mid crash...
20:24 when there are more people playing he means for the lottery game paying off for a hard thing (fairly/plus or unfairly) often. Other markets are not like that so much in the same way.
The inter nation war with more than 10 million casualties may be 100 years ago, but the Chinese civil war in the disguise of the culture revolution definitely had more than 50 millions from 1966-1976.
what kind of successful person does not seek recognition, self praise and truely achives 100 % authenticity. He is a Thomas Edison of his time. Imagine writing a book without any references( Fooled By Randomness) is 1000 times harder to make it best selling.
Seeing this interview pop up on this channel was not within the distribution of my model. Great guest, excited to see more!
Which interview
The probability was low, the value was high!
Outlier?😂
@@MichaelEnzoproperties
Huh?
Who what when & how pls
I stumbled upon this on Twitter, and came running to look for it on other platforms. Taleb doesn't do a lot of podcasts, this is a huge complement to you.
This was a gem video. You extracted so much out him.
This video is a treat for an incerto reader
A wonderful interview. NNT is a fountain of new ways to comprehend the world.
Much respect to NNT, reverse loss aversion is not a usual response to critics. It goes to show the authenticity behind the man is one of a kind, he is not a slave to respect or recognition. Your work has changed my view in many ways, from overvaluing theory over practice. It helped me settle into becoming the best practitioner instead of the most intellectually accurate.
Practice to theory, instead of theory to practice.
Thank you Joseph Noel Walker, amazing guest!
Reposted:
Timestamps:
(0:00:55) - Heuristics for knowing when you're in Mediocristan versus Extremistan.
(0:06:06) - Are certain tail exponents intrinsic?
(0:10:30) - Why hasn't Universa's tail hedging strategy now been fully priced in?
(0:11:52) - Does the power law distribution of startup returns mean VCs should concentrate their bets, or spray and pray?
(0:15:20) - Nassim's 30-minute take on the field of behavioural economics.
(0:48:57) - Nassim's 20-minute take on superforecasting.
(1:11:03) - The Precautionary Principle and AI.
(1:17:28) - What are LLMs doing?
(1:23:10) - War, violence, & "the empirical mean is not the real mean".
(1:39:17) - Covid, & how Western governments think about tail risk.
(1:43:38) - What's the most important thing people in social science get wrong about correlation?
(1:52:58) - How does Nassim explain the perspicacity of the Russian school of probability?
(1:55:56) - Why doesn't Hayek's knowledge argument extend to prediction markets?
(1:58:26) - If mean absolute deviation is a better measure than standard deviation, why has the latter become commonplace?
(2:01:09) - Nassim's next book, and what he's up to at the moment.
A great chat!
This one's been a long time coming for you--a real white whale in the JSM canon. Congrats from NZ mate!
(relatively) small channel, huuuuuuuuge ideas 💡 maestro speaks, we listen!
awesome guest. Well done Joseph
This is really great, Joe
This man changed my life ..
he is good do good, we glad that we live in the same era, and he give us real knowledge for free!!! God bless him.
I like things being simple (not very technical) but I like Nassim because of his view on Bitcoin and confronting it as it is. I wish Nassim could ever comment on Charlie Munger's wisdom and how his approach to life/Investing was.
Envy you got to talk to NNT! Fantastic convo. Thank you!
you finally scored NNT! congrats mate!
Nassim: "Sorry, this is technical"
Joseph: "Nah, technical is good"
This is EXACTLY why podcasts destroy television and literally all corporate curated media.
Oh snap! Good on ya, Jolly Swagman! 👏🎬
Thank you so much 🙏👌
WHATTTTTTTTT AMAZING
he read +100 book in a 6 months !!! Nassim is a machine.
interesting conversation. Stunned by Taleb's insouciance wrt AI. Waiting to be concerned before thinking about the potential risks is like attempting to put on a seatbelt mid crash...
The Maestro.
20:24 when there are more people playing he means for the lottery game paying off for a hard thing (fairly/plus or unfairly) often. Other markets are not like that so much in the same way.
Discovering Nassim's work was absolutely game changing to my work as a data scientist. I use zipf plots on a daily basis now
Love how "brilliant" people blithely assert that nature has a will.
That's why he is brilliant
Nassim looks like a teddy bear and I want to hug him
Nice!
I like how taleb goes on small time podcasts instead of big crappy ones like lex fraudman.
I’m not defending Lex. I’m just wondering what you mean by referring to him as Lex Fraudman. Can you elaborate as to what makes Lex a fraud?
I know that taleb hates lex friedman. Anyone know why?
anyone know which Wolfram book he is referring to at 1:21:30 ?
Yep! writings.stephenwolfram.com/2023/02/what-is-chatgpt-doing-and-why-does-it-work/
Now I want to eat mozzarella.
Can someone tell me how to find wolfram who nassim cites regarding llm’s ? Many thanks
writings.stephenwolfram.com/2023/02/what-is-chatgpt-doing-and-why-does-it-work/
when is the lydian stone coming out?
Crazy!!!
Who is?
Great insights. Particularly on VC 😅
Great guest 👏🏾
The inter nation war with more than 10 million casualties may be 100 years ago, but the Chinese civil war in the disguise of the culture revolution definitely had more than 50 millions from 1966-1976.
It takes a lot of patience to understand Nassim, but once you do its utopia
Please add chapters / time stamps 😄
added, thanks!
❤❤❤❤❤
what kind of successful person does not seek recognition, self praise and truely achives 100 % authenticity. He is a Thomas Edison of his time. Imagine writing a book without any references( Fooled By Randomness) is 1000 times harder to make it best selling.
every time I listen to Taleb he needs subtitles wtf
... You go back to your childhood values... 😭👍
Thomas Eric Garcia Deborah Walker Michelle
Oh look the guy that says nobody can predict things is predicting things again. #mandelbrot
Wall Street's Jordan Peterson.
The frequency of monetization points in this video is itself a thing.
Peterson is a huckster.
Strange personality and not very eloquent
You both look like really nice and well read individuals. However, this is a very bad interview with a lot of jargon and word salads.
yeah , and mumbling