Episodes

The book focuses on the extreme impact of rare and unpredictable outlier events — and the human tendency to find simplistic explanations for these events, retrospectively.It was published in 2007, by author and former options trader Nassim Nicholas Tale

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book that deals with the fallibility of human knowledge.Nassim Nicholas Taleb explains how we delude ourselves into thinking untrue things due to our love of finding a story or reason when none exists.In the episode, we explore the many examples of human behaviour failing us and the isights we can learn form this book. We discuss how the relates to trading and the economy and the wider aspects of being a more logical...

Philosophical and Practical Aphorisms

Things that Gain from Disorder.We discuss the concepts of things that thrive and grow when exposed to volatility.

Hidden Asymmetries in Daily Life. Having a measurable risk when taking a major decision -- is necessary for fairness, commercial efficiency, and risk management, as well as being necessary to understand the world.