Radical Uncertainty: How to deal with surprises and Black Swan events - w/ Nicolas Vereecke

Ever felt like life just sucker-punched you out of nowhere? That's exactly what Nassim Taleb calls a Black Swan event.

Most people think they can predict the future by looking at patterns. They study charts, analyze trends, and feel safe in their little bubble of certainty.

However, the biggest events that shape our lives—market crashes, pandemics, breakthrough innovations—are the ones nobody sees coming. ..

Taleb argues we're all like turkeys getting fed every day, thinking tomorrow will be the same, until suddenly it's Thanksgiving. The real mind-bender? We convince ourselves afterwards that we "should have seen it coming."

This is critical for understanding finance or world events

More than that, it's about how your brain tricks you into thinking you understand a world, that's fundamentally unpredictable.

Stop trying to predict everything and start building resilience for anything

Rebuild your investment portfolio and life plan to deal with shocks

Prepare for worst-case scenarios instead of hoping for the best

How to Change the World

Sam's new show can be found on major podcast players:

Spotify - ⁠⁠⁠⁠⁠https://open.spotify.com/show/1Fj3eFjEoAEKF5lWQxPJyT⁠⁠⁠⁠⁠

Apple - ⁠⁠⁠⁠⁠https://podcasts.apple.com/us/podcast/how-to-change-the-world-the-history-of-innovation/id1815282649⁠⁠⁠⁠⁠

YouTube - ⁠⁠⁠⁠⁠https://www.youtube.com/@HowToChangeTheWorldPodcast⁠⁠⁠⁠⁠

Can't find it on your player?

RSS feed - ⁠⁠⁠⁠⁠https://feeds.acast.com/public/shows/682b3b86696b5d1232d698a8⁠⁠⁠⁠⁠

-------

UPGRADE to ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Premium⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠:

🏖️ Ad-free listening

🤘 Support the show

🔓 Exclusive AMAs and bonus content

💬 Community Discord

⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠GrowthMindset.Supercast.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Get in Touch

👋 Free Call - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Schedule Link⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - https://cal.com/samwebster/mindset

📧 Email - GrowthMindsetPodcast (@) gmail,com

Growth Mindset Psychology:

Sam Webster explores the psychology of happiness, satisfaction, purpose, and growth through the lens of self-improvement.

📺 Watch - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube (Growth Mindset)⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

🛜 Website - ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Growth Mindset⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

Show: Growth Mindset, psychology of self-improvement

Episode: Radical Uncertainty: How to deal with surprises and Black Swan events - w/ Nicolas Vereecke

Chapters:

00:00 Introduction: Navigating Life's Unpredictability

02:02 Understanding the Black Swan Concept

02:41 Real-World Examples and Implications

04:54 Investment Strategies for Unpredictable Events

12:00 Mediocristan vs. Extremistan

18:39 Ludic fallacy

18:39 The Ludic Fallacy and Risk Assessment

21:46 Conclusion and Takeaways

Learn more about your ad choices. Visit podcastchoices.com/adchoices