![[The Black Swan: The Impact of the Highly Improbable] (By: Nassim Nicholas Taleb) [published: April, 2007] Cover](https://media.podcastbookpicks.com/books/18419.jpg)
Podcast
Timcast IRL
The author discussed the concept of black swan events, which are unforeseen events that have a major impact. He highlighted that it is not possible to compute the probability of such events, but it is important to be prepared for them.
We can't compute the probability of you know, artificial intelligence leading to a collapse. There's no data for it So you can't compute probabilities, but you can foresee these things happens There's...
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Episode: Timcast IRL #734 SVB Historical Bank FAILURES Spar...
The author discussed the concept of black swan events, which are unforeseen events that have a major impact. He highlighted that it is not possible to compute the probability of such events, but it is important to be prepared for them.
We can't compute the probability of you know, artificial intelligence leading to a collapse. There's no data for it So you can't compute probabilities, but you can foresee these things happens There's usually experts warning about them But we normally ignore the warnings and we're so focused on having statistics and probability and and assuming It's a normal distribution. That's what the seam talib wrote about in the black swan That we're suckers for black swan events. So we need to pay attention to the warnings Don't try to calculate a probability of an unforeseen event. It hasn't happened before you can't calculate a probability So you need to be watching out for a minute if you watch out for a black swan You can be prepared for it and you can survive if it's a collapse Or you can make money as the seam talib does as an investor