21 Burst results for "Nassim"
"nassim" Discussed on Run With It
"Tell me about your Investments Chris in in Tesla. I feel like this is also an exciting success that you've had over the quarantine. Although you've had sleepless nights of money lost and gained wage. But yeah talk a little bit about Tesla and and and investing their long story short. I would have been better off had I not tried to optimize all my investments a headache. Less time on it and that's what I'm driving toward now is I'm a big believer in Tesla. Long time. I have been a big believer in them since 2014 probably and I've invested quite a bit of money with them had I not tried to get into options and all these other things would be would have a lot more money if you just sat your ass down and it just didn't pay any attention. You'd be a wealthier man. I would be exactly if I if I just sat down there and well the thing is that also if I did not pay attention to it on a regular basis just the times where it intruded on my attention are those are the biggest opportunities to make a difference right when Tesla drops to under $180 per share pretty split a price. Which what would that be like thirty? $35 Thirty whatever $36 per share post-split price right now as it today, I think it's at $440 per month. Post played so now fifteen X from that point but it would it would have intruded on to my attention when it got down that low and I would have be more likely to just make an investment at that point as opposed to when I'm watching it every day and thinking oh my God, should I sell or should I you know, what should I do? Yeah. I've been making a decision point on because I'm seeking it out every month. So I would not advise people to what I did there but you did come out ahead though. That's that's the good news. Yeah. Yeah. I'm out of head but far less ahead than I would have at home in a more passive approach, which is incredible. I was just reading reading some books by Nassim Nicholas taleb and I I remember in one of them he gave this example of an investor in if you take off faster and they're going to do you know, they're going to come out ahead, you know, say 10% at the end of the year if they look at just a guaranteed, you know, just out of just random chance to come out..
Only Connect - the critical importance of relationships and how to grow them
"Have Welcome to amazing. Fbi This is your host Michel Visi. Walk into the show today. It's appropriate on speaking cheese. Stunning up I recently spoke at the White Liberal Expo in London in November. Twenty nine thousand nine now. I can't reveal anything yet about this exciting speaking engagements coming up. I want to share with you. Just got off the phone with somebody earlier today often very exciting opportunity. Which I've said yes please with both hands and I just got off to that with somebody who has been exploring what can with mentoring client. Who actually has some very serious cop behind him and a lot of business experience in the end we are discussing the possibility that I may work with them. As sort of that part of the team were more of an agency basis. I guess van on `simple consulting basis and what struck me about this is also relevant to what I was talking about with the five business models I've mentioned in the last podcast which is to say retail arbitrage online arbitrage wholesale relationships private label and agency model the five Mesa. I know often that people that I know work with to make themselves money on Amazon and bill businesses of various different kinds. I'm one of those reflecting. Was the common thread amongst some of these things that I'm really conscious today of all days. It's relationships again. People could get a bit separated between the reality of what drives money transactions online and the mechanism itself so the mechanism itself is kind of magic. How many of you got something like Amazon? As kind of magic. Because it manages to bring millions and millions and millions and millions of eyeballs every single day to products and the conversion rates are incredible. They produce an amazing customer experience which includes incredible ability to fulfil products in other words. They ship stuff. They stole stuff. They have an incredible machine that they built many many years of hard work by this was not always the case. These things that Grow Adam. No Way they've worked incredibly hard and they were first movers as well. Plus Jeff Basis. Whatever else you may think that Various business processes is a shopping shop. Is Guy Probably on the planet right now for my money at least in the textile base the movie somebody shot him coming up through the can take his crown but he smart enough to know that so my money he still the most proven smart guy out there and guess what the reality of it is that behind every transaction bowl though they have built this wonderful magic machine and it is kind of magic when it works and it often does even though anyone who's been sending anonymous while knows you have to get the rest of this means that it's like Magic Butts. The thing is on the other side of that. Transaction is a person buying a product and the more I'm always going on about this and I make no apologies for the more. You understand your customer. If you'RE GONNA be private labeling anyway or anything that you get to influence the listing. So if you're working with the wholesale account if you have some listening control you certainly should do this as well. You've got to really really really meet the customer weather. Also you have to understand the mentality. So in the end it's about people and the processes are way to bridge the gap between the pest producing product and the consumer. Another thing to say is that of course relationships and to the equation when you talk about supply if you are private labeling you have a relationship with the guys new factories and actually if you're serious private label as one of the Maas. My members in ten K. collective mosman recent experience. When he went to China I think it was actually last year. They went They literally had the red carpet experience at all. The the people lined up along the streets on the way to the tree they had Miniature music playing you know the usual the whole nine yards as I say so. This is an example of how important they had become too that factory based on it has to be said the relationships based on volume when it comes to supplies off Physical products the manufacturers. Not School supplies. In fact supplies can include anybody who you pay for services or products so put in a broader sense that includes people like Neil coaches or mentors or personnel. Runs a mastermind. Such is the mic guys in the mosman happened. The ten collective mastermind includes you'll photographer. It includes anyone who writes your listings for includes any agency that you might use for managing oh PPC your Amazon ad for example and those are all relationships yes they may be mediated via websites via online software. Whatever but the main thing to remember all the stuff is man-made or it is person made I should say artificial notice the word artificial mean it means made by hand made by hand so it is not something that grows organically like a tree or something all these things that create you by people full people and if we lose sight of that we lose sight of what for me personally and maybe this is not a software engineers where I've looked at the world or an engineer's wherever what for for me personally. What's behind all of this stuff is in the end? Relationships wholesale is an interesting one where we have probably even more of a delicate impulsive relationship with the people that you buy wholesale from now. I have to say cause on. The tape is something. They'll have almost no past experience. I'm learning going through a course at the moment. I'm learning all about that. I'm very excited to get out and try my hand at this but I know that in the end sometimes these distinctions between the business models are artificial anyway. Because I was looking to have a relationship with a brand owner and fat doesn't own a Brian yet. But somebody he's got a serious business but it is looking into private labeling house going to have the conversation about having a consulting relationship with them and then in fact we're probably going to have more of an agency relationship will actually help implement a lot of this stuff and maybe. I'll end up hiring more staff to deal without a skeleton stuff that I can tend to to Amazon specific activity by that Cetinje. Something that We can develop out as needed and then of course. The next thing I'm going to be doing is trying to get the same relationship with some wholesale browns who I might initially start for the relationship while I just give the money and they put us and we might end up in a sort of partnership so I guess what I'm saying about this. This includes even speaking forum at conferences. Or anything like that. Again is a partnership. Because the the P the conferences needs speakers and speakers me needs to get exposure of the brandon message so in the end so much in my experience business well comes down to the same stuff the experience in the music world. Which even though it been doing the E commerce as my main business my main job or profession for several years now that Still keep behind him with music. I still love my music and does not actually as much of a division as I thought because in the end I think the thing that I found most powerful mice exciting in the music making was relationship between the former audience between the conducts and the orchestra of like the the leader in the team and between people in a do a partnership where you have a a singer work with pianist or something in the end. What was interesting to me is is relationships. I love music. Also very fascinated by intellectual game and the sort of Sport if you like a business because in the end you have skin in the game and asset Nicholas Mac never say his name Nassim. Nicholas Talib forgive me if I put Mr Todd says having skin in the game basically makes you make better decisions so effectively makes you smarter and I love that about business. But the common thread through all of this stuff that struck me very very strongly today after she really powerful phone calls of people is relationships nowadays. Start all of this view starting from scratch. I think you need to just be a couple of things. You need a bit of structure to create a relationship with somebody who can help train you and that doesn't just mean a mentor or coach Could willingly it probably means a group of you'll pay is now. I think you should be selective about you. Mean by because the people aren't taking action is a majority of people in any course for example they all your peers. If you're an action taken by the way reality check if you're one of the people that talks a lot and doesn't take action. Abby not person every so often and I can still end up in their. Don't kick myself in the button and get on with it. Then you'll peers. Are The people doing the same things you might? Just be real about that. You'RE NOT GONNA get into group of action takers. If you're not an action taker. So you got to start is chicken and egg but you gotTa Start Yourself. You're going to have some hungry yourself. He depend on other people to do the work for you which is another thing about partnerships. I guess even if you were more sophisticated person for private label seller in you considering possibly branching into running an agency or if you Of a private label sal and you want to add wholesale to add some stability to the mix of easy cash flow whatever it is then again. A lot of it comes down to ability and encourage in relationships and a Dan. Mattis said the other day who teaches wholesale. But it's true. I think across all sorts of business models within the e commerce. An Amazon sphere as has broadly. The truth is with the relationship if you all very very hit to what the other person in the relationship needs to serving that person and you are determined to serve them whether or not you're immediately getting paid or even if you never get paid then that mentality that that's orientation to the rest of the world will serve you very very
Cloud Log Analysis with Jack Naglieri
"So you're building tools around not just log management or log log analysis but also compliance dance. So if I want to be compliant for sock to or PCI. There are a number of things that I need to do to achieve Steve that compliance and a lot of this has to do with configuration. Kicks plane the connection between compliance compliance and having the right resource configuration essentially for a resource to be compliant. It follows a lot of these checklists that the compliance standards outlined so for example there would be a standard for encryption. Is a really common one right and make sure that your data is encrypted at rest. So we can do with our product is we can scan of bucket. We can enumerate all the attributes on it and then we can compare it against policy in a policy defines desired secure state in a way. And then you know we just develop a set of policies to cover all these different checks across all these different standards. And that's how we build the case for gang compliance certification in those things are not built natively into aws like eight. You can't you can't say hey hey. Aws I want sock to compliance across all my infrastructure. No you have to do some work to get there. So it'll be us does have the tool called configured that will help you with this but it's the same type of premises with Panther right except with Panther. You get more customization flexibility and it's more central than configure panther. You can actually scan like any number of accounts and it goes into one view you which is really helpful and then as a byproduct to that you also get asset inventory too so you can kind of like go through all of your buckets all of your accounts you can say like okay like who are. We failing any checks for CIS across any of our accounts or do we have any buckets named XYZ. You know it's it's really helpful for that but out of the box. Yeah I mean this is game better at this like they introduced a feature on us. Three that we'll just block all public access and I'm not sure that public access block aligns to compliance check per se. But yeah they give some tooling. But it's still really on the engineer to do it. That cloud asset indexing that you just described so there's a problem that I've seen in a couple of companies called cloud sprawl basically where they have all these resources that they don't even know where they are where they exist that you know people throughout organization of spun up databases and spun up servers in like these things are just not centralized in one place. There's no place you can go to see what what are all my assets that users across my organization of spun up on AWS. Can you describe that problem. Why is there a problem of indexing? All of a company's cloud resources like shouldn't there be a place I go on. Aws where like click. And like. Here's everything I have. Yeah I mean there should be. But there's it's not and I think it's because the counselor all very segmented and away and aws is super powerful. You can do a ton within the confines of a single account and I think that's just an area. They would need to invest in at some point and they probably well. I can't see it going on forever like this where you have. Have you know this explosion of accounts happening in you need tooling around it. Just it hasn't really happened yet. From native themselves and that just ended up being a byproduct of panther like we didn't really design the compliance to say. Oh we're going to build Nassim Tori just kind of happened as a side effect but it's a really good inside effect. Because now I can say like I can write a policy that says I only expect our users have existed in one of these accounts in. Because you have that context all the accounts accounts I think it provides a you a better security control as well. You don't have to deploy your rules in a single account you can look at the look at all of them influence it okay. So that MRS basically the on boarding process is well. I guess in order to actually know whether you're compliant or not you you would have to wire the panther compliance tool to all of your aws accounts therefore panthers going to have a view into all those aws W. counter. Know where all your resources are view. Panthers it's a single platform so we combine the compliance and log analysis into one and we actually use the same data for both in a way we have like I was saying before the beauty of land as you can create all these really fun complex pipelines. And that's exactly exactly what we did. So for example giving clutch data which is all the API calls that are happening in your account. We can use effort log analysis. We can also use that to say did some resource change and we have a separate pipeline. That gets the data essentially forks into that says okay. This log file shows that user created. Let's kick off a scan on that user and get more information and then let's compare the output of that into our policies which map to compliance standards and then that can tell us if this user has too many permissions for example because a another common compliance check is that you don't just have an admin attached to a user directly you'd have it within a group or you wouldn't have it at all. I mean having an administrator in aws like an administrator users actually kind of seen as anti pattern and you should useless privilege engine. That's a more common security best practice right. So that's really like the beauty with integrating and then when you integrate you get the context across both to so if that happens that says like Jack did this thing now I can actually see what permissions Jack actually have. What can you really do and combine them into one platform almost something else? That was kind of new and you see sometimes sims but we really want to invest into that integration. Let's switch I conversation to focusing on the business aspect of this the good market. Are you trying to sell entirely to cloud native startups. You do you feel like you can also sell to enterprises that have a mix of on prem infrastructure and are getting started with the a cloud or a year or two into their cloud product journey. The I think it's summer unrealistic. If I was to say only Claude native companies. Because I I think any company of a significant scale will have both will have on prem systems and we'll have cloud based systems and they might be multi cloud. That's a common thing to you. Know some people started dabbling. GP because they like Big Table or they can get benefit out of using different clouds for different purposes. So it's like Big Table G K or ten yeah pretty much and then with aws. I mean we try to focus on people have large amounts of aws infrastructure but but the beauty with logging tools is that they all natively support sending data bs anyway so someone in a hybrid environment or someone in a purely yes. Environment Environment really wouldn't make a difference to me this is long as they have some. Aws Infrastructure where they can run this application where they can run panther itself. That's really all that matters. They they can even have on. Prem systems to like laptops is a good example right like laptops really. Don't have anything to do with cloud and we can configure laptops to aggregate data into the cloud some way and then we can you know. Use the context outside of aws so for example like Pathak firewalls or Cisco firewalls. You know those who don't live in the cloud and Each of those companies were can away to bridge into the cloud. But Yeah I think the the scenario of having on Prem appliances and data is so common that we have to support it
Stung by WeWork, SoftBank boss Son aims to be more cautious
"We're joined by opinion columnist Tim cult than Tim's been writing about we were being more black swan then unicorn for softbank and Tim you're saying that softbank probably won't have the same sort of to Bakul anytime soon and you're saying it's not because Masayoshi son has learned his lesson it's more about the mass intriguing Senor cult band yeah so basically if you go back to the concept of a black swan Nassim Nicholas talent right about it you know back in around twenty seven dot two thousand seven he talks about them is highly improbable events with extreme impacts so that's really what we're talking about when we talk about blacks one event the reason why it's unlikely to happen again is because we work in terms of both size as in the amount of money they put into it which is ten point five billion dollars or more prior to the collapse I should say and the scale they already owned about thirty percent now they own eighty percent but even back then there and around thirty percent there is nothing else in a portfolio that comes close they do have five DD the Chinese right having company they've also got by dense the Chinese streaming company and they have grab holdings which is the southeast Asian right having company they're they're about as close as they get to what we work wise but there's still a lot smaller so basically if even if any of these other three investments I have went to zero it still wouldn't match the amount of rice off that softbank and the vision fund faced with the we work right off so that's really what I mean in that it won't be repeated because there's just nothing around that is that B. or which they have such a large exposure to so it just seems that the best idea is to find the best ideas and get in early yeah that's basically what you know the vision fund was supposed to be that's what venture capital investing is supposed to be about but you know the the flip side to this is that a fed board into we work and it did go really big or even some of the other lodges shock you know unicorns that they have such as grapple by dental or DD if they go big could then take you get some really big returns from them however they've got you know eighty eight companies in the portfolio each one has an investment of around about a billion dollars from from softbank H. I mean that's the average the some with a lot more money from softbank some with a lot less and so what we going to see I think with the vision fund is set up a huge a few big home runs were gonna see if you it's basically going to have to get home with singles and doubles because they're not gonna be huge home runs of just after the I. cumulate tion of of little wins that will get the vision fund to some really large returns so are you expecting for this last sort of twelve billion you mention that eighty five billions already invested and goes up to around a hundred to a call and ninety seven two hundred billion hot with that they'll be really careful and really cautious with these next three think they'll they'll still be quite sort of free wheeling well I think the side of the finals ten to twelve billion they've got left is basically a marked only for follow on investment side they've basically admitted they will and this is what they've stated publicly just a few days ago that the investment period for the fund has close that means no new investment so what's left in the fund will go to the following investment for existing companies that they've already invested or it will go towards essentially paying the coupons and incentives they need to pay in the fund a lot of people forget that around about forty percent of the fund is actually raise through preferred equity which they have to pay a seven percent coupon on so they have to pay about three billion dollars a year every single year to those investors and they need to make sure they have the cash to do it so I think some of the money Nicholas and the phone will be for that just briefly you know the stocks up three point eight percent today it felt a little bit yesterday after the earnings but people still believe in this guide yeah you know people still believe in in Tesla to and a lot of other companies that don't make any money or have a struggle with profits and and track record you know if you're buying into softbank then you're buying into massive massive she son if you believe in myself you son then you bite if you no longer believe in you gonna sell it really comes down to that it's really so simple all right Bloomberg opinion columnist him cope and thanks very much you can read more on this and other stories on Bloomberg opinion at Bloomberg dot com slash opinion and on the terminal by typing OPI and
"nassim" Discussed on The Body of Knowledge
"Hashtag grind routine ridiculous as it may seem keeping someone that makes millions committed to a plan that suits their purpose is a genuine challenge when they can just look on the phone during a non and self regulated moments in other athlete three thousand miles away post about some levitating blood Lipid Amino poof aquatic bench press biometric macro anti rotation C._F.. Nassim ace expertise. The 'EMOI certified bone density power plate Hashtag prison strong train sash and not feel like they are missing out or towing the wrong thing focus gets diluted. I'm being ridiculous but when folks gets diluted sodas whatever plan you spent weeks building and getting buy in from the athlete in the first place only to have it tossed out as the irrational tail wag the dog and working with general population's a deep concern. I have is a combination of information overload absent of contacts and the opposite OB- skew -CATION UPS Eucation of authority and expertise. We've talked about this before but in the fitness health and wellness world's produce deuce man endless content specifically formatted for socials with the explicit intent of consumer engagement and monetization a common net effect is outright confusion lack of understanding altogether of rather basic things put blow take sleep for example that's redundant and Spanish and English but just let's just look at sleep and stead of starting with something foundational like. Are you actually sleeping. Are you doing some basic things like turning off the lights and electronics especially especially activities that stimulates like checking to see how certain post dude it's not uncommon to hear about people taking sie M. A. Melatonin Essential Amino Collagen Gabba C._B._d.. Concoctions to aid their ninety nine night rituals and look..
Understanding Australia's Political Narcissism
"Have you often thought that are major political parties don't offer a choice? They just offer an Tweedle dum Tweedle day. Well, that's more or less been the case since the mid nineties when both labor and the coalition champion what's called the economic reform agenda, or as some of the critics deride the neoliberal consensus deregulation privatize -ation tariff cuts tax cuts leban- microphone all that. Well, my guess says those days are over the may eighteen election. He says could represent an audio logical shift in Australian politics, and that's a good thing. To teams palmesano is professor of practice at the university of Sydney, he's a former rice discrimination Commissioner he's worked as a library vase, and is the author of book called on height. Published by 'em UP, get item welcome to between the lines on now. In your recent Sydney Morning Herald column. Mm USA just quote out political Nassim of monitor Frances that could be coming to an end house. Oh, we're saying perhaps the most ideologically significant election for quite some time here. And it's because we have the lay the pioneer Bill shorten offering a forthright progressive social democratic platform. It hasn't gone about presenting itself as a small target in this election. It's put a quality registered bution back on the Genda. You say this in the fact that it's pushed for capital gains tax reform, negative, gearing reform pushed for higher wages, the childcare policy announcement during this election is another example. So what you're seeing here in some is a muscular rejection of market liberalism assigned that the state is back at least on the lie beside and that you'll you'll saying challenge to the idea that a marketing. Clemmie must also mean a market society. So long gone are the days when you had a lie bellator running for office. Kevin rod describing the stalling himself as an economic conservative precisely and that has been the template in many respects full libero position. Now who's reflect the thinking of a lot of people in the community just how has the power of market liberalism. How is that filed? Let's just look survey at from the global perspective with still saying the effects of the global financial crisis with seeing here. What is a transitional transformation from stable managed capitalism to speculative financial capitalism. And the legacy of this committee described as follows when not saying global growth in in any significant way, you might even say the global economy is in naming with saying ultra-low interest rates with seeing quantitative easing by many central banks, huge jumps in public indebtedness. Also significant increases in inequality and on top of that when not necessarily saying the market operate in the perfectly competitive foam that you would expect of market liberalism, think of the concentration of market power in the new digital Konami the enormous size and influence of organization such as. Google or Facebook, or Amazon, I think these are all signs that market liberalism is not working the way that and that exit Bill shorten is championing this notion of famous, but is income inequality really Rausing in this country. I'll turn to a productivity commission report last g got the quotes. He it found that sustained growth has delivered significantly improved living standards full the average Australian in every income group that the economic mobility is high and quote movements in inequality indexes a slot rather than series in other words, Australia. According to productivity commission is not locked US where we have seen real income inequality Nora, we lock Europe where growth has stagnated for decades. How would you respond to the productivity commission all the productivity commission report still acknowledges that income? Inequality has risen of the past three decades. It's suggest. And here is that they may be a question about the degree to which income inequality has risen. But also, the productivity commission is also clear that when you look at the ends of the distribution on income, it's become in their woods stickier. So you seeing less mobility in some pockets of distribution, and as they put it stickiness is indicative, some entrenched inequality. So thought wholesale repudiation of the rising inequality in some of this is also that up in methodology. So the methodology that the productivity commission us was to look at surveys conducted as part of the Hilda exercise, the household income and labour dynamics in Austria study that is very well regarded, but if you look at other methods of measuring inequality, for example, looking at national accounts, dotterel taxation statistics drawing on the methodology that people Thomas Pickety have developed measuring income inequality. Then does appear that income inequalities at historically high levels going back to nineteen forties or the mid twentieth century. We've not had income inequality at such levels in it straight. And that's based on research done by Andrew Lee. Mentioned Thomas Pickety who Thomas Pickety fringe economists? I think climbed to find on this issue of inequality, but opportune to people have been on this show over the last few Yee's team. Keisha Mahbubani from Singapore. Johan Norberg from Sweden Steven pinker from Harvard met really from London victim Putin in Melvin and nisi that market liberalism, including free. Tried has delivered the single greatest reduction in extreme poverty in human history effect, isn't it? Yes, it is. And imagine if the distribution will equal even see more people having been liberated from poverty or enjoying a rise out of hardship. There's no question about the absolute gains that come from market, liberalism and not rejecting the idea of market economy. We know that the market distributes resources in a much more efficient way than a centrally planned economy does. This is the lesson of the twentieth century in the listen of the failure of of communism. The point here is about whether we want to be a market society is will that we have the logic of the market being applied to conduct government and to add relations between between people see Mahbubani, nog- and Pinkett, they'd respond inside that government policies lie policies, if you like to force inequality down that would incur a cost in lower economic growth, and that would argue low living standards, not just in Australia, but across the world. Well, that would argue that and it's an it's an idea that I believe should be contested. I'm not arguing for a perfect equal distribution of resources. But if we believe, for example, when the idea of Aaquil opportunity, I believe you need to have some redistribution of resources for that to become realizable. No question that socialism is having some sort of resurgence. And you mentioned that in your recent Sydney Morning Herald article, certainly if you look in the United States, you see Bernie Sanders doing very well, politically, Jeremy Corbyn later of the party, and there have been plenty of polls. And we've had guests on this program talking about how socialism is becoming very popular, especially among millennials. Now, you say, quote, what those on the right to cry as the evils of socialism, a good number of us regard as decent common sense. But what about the terrible atrocities committed in the name of socialism in the twentieth century team. What about the? Abject failure of socialism everywhere has been implemented. Let's not get too blunt Tomei to when when when our third to run I refer to those on the right decrying was socially. I was referring specifically to the education minister Dantin criticising. The labour party's announcement recently on childcare policy as an example of socialism, if not communist or words that affects and I think that's a bit of blown somewhat exaggerated when I'm talking about social democracy. I'm talking about an ideology that still exists within the limits of multi-party, democracy, individually Berty and the rule of law that what social democracy means is that the state has a role in regulating markets and in redistributing resources, it's about elevating the value of community and the value of quality beside the value of freedom. Young people who are attracted to socialism. They also distrust government regulations, and they mar on Pinerolo and small businesses. They're disconnected between the two. No, this is this is precisely and it will strike of the point. I'm making about a mock economy. This is a market society. Millennia was understand perfectly. Well, the power of entrepreneurialism and the benefits of of the market what they don't accept is that the market must govern everything in society. What I don't accept his that the distribution thrown up by the market is is something that is necessarily desirable in all cases. So if you look at how millennials are experiencing, the housing market and housing affordability. If you're looking at how they experiencing work and the diminishing job security that they experience all the precarious nature gig economy that many of them are engaged in their frankly, not saying the benefits of of market liberalism market. But you tackling dance. You can't tax a loss. You can only tax prophet and
"nassim" Discussed on KTRH
"All right. A very unique man Naseem to lab has some compelling ideas on this subject of measuring risk Naseem to lab is a middle aged man of Greek background from a prominent family in Lebanon and educated here in the United States. He's an author a scholar a mathematics, professor, a philosopher. He's a senior Wall Street trading hedge fund manager and an expert on mathematical science, did you get all that. That's quite a mouthful and saying that hardly begins describe him now. Sim lab, and I apologize. If I'm pronouncing it wrong. He's a very formidable thinker in when he speaks he draws large crowds. His most famous books are the hidden role of chance fooled by randomness? And also the black swan the impact of the highly improbable now, you don't need to run out and buy these books and read them cover to cover. Although you could let me tell you what he has to say because it has very profound meaning for you and me and profound impact on the ideas of the everyday investor Nassim Taleb says we all placed too much weight on the odds that past events will repeat when unrepeatable chance is a better explanation. Do you assume that the markets will continue to always go up in that any downturns are temporary. That bull markets continue forever. Or do you not even think about the risks either way danger? Lies ahead to live argues that the markets do not factor in risk that are not measurable and that most of the really big events in our world. Are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on the investment markets. This is one of the very big reasons why we spent so much time encouraging you to get off that train and shift the risk to somebody else shift the.
"nassim" Discussed on 760 KFMB Radio
"A very unique man Nassim Taleb has some compelling. Ideas on this subject of, measuring risk Nassan to leave a middle aged man of Greek background from a prominent. Family in Lebanon educated here? In the United States, he's an author scholar mathematician professor philosopher senior Wall Street trader and hedge, fund manager, an expert on mathematical science did you. Get all, that, that's quite, a mouthful, isn't, it And saying? That description hardly begins, described him Mr. till, leaves a formidable thinker. And when he speaks he draws large crowds his most famous books are the hidden role of, chance fooled by randomness and the black swan the impact of highly improbable Let me tell you what he has to say because this profound meeting for you. And me and profound impact on the ideas of the everyday investor Mr Kelly says we all placed too much weight on the. Odds that past events will repeat. When unrepeatable chance is, a better explanation do. You assume that the markets will continue to always go up that any downturns are temporary or, the bull markets continue forever Would you not even think about the risks either way danger lies. Ahead to leave, argues at the markets do not factor in risks that are not measurable and that most of the really big events. In our world are rare unpredictable and not measurable these events when they happen usually have a significant downward impact on investment markets This is one of the very big reasons why we spend so much time encouraging you to get off that train shift the wrist someone else shift the risks to whom we work with billion dollar companies that..
"nassim" Discussed on WLAC
"Six safe which is eight six six. Three four six seven to three three all right a very unique man Naseem Talib has some compelling ideas on this subject of measuring. Risk Naseem to, lab is, a middle aged man of Greek background from a prominent, family in Lebanon and educated here in the United. States he's an author a? Scholar a mathematics professor philosopher he's a senior Wall Street trading hedge fund manager at an expert on, mathematical science did you, get all, that that's quite a mouthful. And. Saying that hardly, begins to describe him Nassim Taleb and I apologize if I'm pronouncing it wrong he's a very, formidable thinker in when he speaks he draws large crowds his most famous books are the, hidden role of chance fooled by randomness? And also the black, swan the impact of the highly improbable now you don't need? To run out and buy these books and read them cover to cover although you could let me tell you. What he has, to, say, because, it, has very, profound meaning for you, and, me, and, profound, impact on the ideas. Of the. Everyday investor Nassim Taleb. Says we all placed too much weight on the odds that past. Will repeat when unrepeatable chance is a better explanation do you assume that the markets will continue to always go up in that any. Downturns temporary that, bull markets, continue forever or do you not even think about the, risks either way danger lies ahead to live argues. That the markets do not? Factor in risk that are not measurable and that most of the Really big events in our world are rare unpredictable and not measurable these events when they. Happen usually have a significant downward impact on the. Investment markets this is. One of the very big reasons why we spend so much time encouraging you to get off that, train and shift the risk to..
"nassim" Discussed on KTTH 770AM
"Reflect on basically every relationship i've ever had i specifically thought of my colleagues and sat each one down nassim if they were willfully participating or felt pressured i can't be a part of this he said oh well that's great i mentioned being a female colleague of this guy i wanna sit you down i wanna talk to you about have you ever felt pressured in the past it's like dude back to your cubicle i think this metoo movement it's making victims out of women who weren't even victimized they're victimized their victim miser by these understanding beta type of males however pressured you at all to let me borrow your stapler here's another guy i no longer feel comfortable joking around with women about any topic is these days they say anything they say feels like an unwanted sexual advance i can ask a guy to hang out or laugh rack friendly but now i only feel safe talking about only work with women women are being victimized by this because as you can see i don't really care if you think that they should or not i don't care if you think that these guys are are overly uptight or they're not being reasonable doesn't matter and you shouldn't care either i'm talking to women now i'm speaking hypothetically to all the women of the world i it doesn't it doesn't help if you think that guys are overreacting they are reacting and this is what's happening they're afraid to talk to women about anything except work does that brighten your day i don't think it should i can't do anything anymore one forty one year old male so it goes on and on these guys basically saying they are avoiding situations they just don't do things any more i'm sure they don't forward you get a joke and you just forward it to everyone in your inbox i mean that's like a recipe for disaster now the so easily you can be subject to a lawsuit for just taking an email and not not perusing it or just perusing it a little bit and then hitting forward it's over so here's the thing knowing all of this knowing we are in this metoo boom when everyone's nervous and no one knows how to react and people are making fun of mike pence and his pence rule is it difficult for men and women to be.
"nassim" Discussed on The Dan Bongino Show
"As well while we're talking about economics and the budget this is entirely unsurprising to me but it goes to show you joe the pathology of the liberal hosts you know the class warfare ethos knowledge people fair share how dangerous it is and how liberals i've encouraged you often to not fall into the trap that liberals are stupid liberals know exactly what they're doing radical ones they know how to pray on human emotion and they know how to pray importantly inhuman envy this is one of those must read articles it's a little wonky but it's really really interesting again be at the show notes said human progress and it was a study done of people's attitudes towards taxation joe and what they found that which is not surprising to me but i guess was to some of the researchers joe one in six people would hike taxes on the rich even if they knew in advance that it was going to hurt poor people now that may not make sense to you but it does it entirely make sense to me and when you understand the evolution and address this a little bit in the piece of us from hunter gatherer types and small packs of people and what i spoke about yesterday joe with nassim taleb and his how groups the size of the group matters yes on how people think collectively like people don't think collectively in terms of the united states but they can't think collectively in terms of small groups families nuclear families even in some senses tribes in you know in our pre pre industrial era but how when you start expanding the group out to this amorphous blob of people people can't you know people can't comprehend the united sta what does that mean is everybody i mean i don't i don't get it like i'm supposed to care for a guy over.
"nassim" Discussed on The Black Guy Who Tips Podcast
"Despite the audience has grown in order is has been with those we have grown too and like you said is something that that have happened is some off fans last deal lie i have just got them all for them you know and you have the right to feel that way but we also have the right to go everything is cool now you know because ev when it comes to forgiveness everybody has their different lines on where they feel and inaugu not required to forgive anybody for anything but i know that the way we operate we don't like to have in a massively between us in in people you know because the thing is is is almost counterproductive of our brand in whom we really are as individual people is is not is now so i know but i know that that they on inininin like i said i just didn't believe he will but you know you see people how to act you like oh you're definitely one of those people that is like a reality tv show for you live your life you know and i'm more like now that's you know at least in my life i have friends that franca africa i you know the same way that i would hope to be able to resolve grievances where africa hour i'm going to always extend that same invitation towards people uh to have wrong me karadzic you know as long as it's nassim abusers hit us from cyclical shakers players fuck a and i you know like this saying you know social media he does that leave deposed or whatever like this israel life the damage we do to each other's rail yesterday as a you have no conflict resolution if you have no um closure or in it asked of light people with hodel things are most uh uh from people because they get a little bit of power is like a little bit of power to them is a relatively small amount of power to withhold closure or withhold forgiveness or whatever but it but it is power to a certain extent and i think it says a lot about us that we're quick dakota.
"nassim" Discussed on No Huddle
"You know athletes of bread and the fact that we go to all the adversity you not they could just makes four nfl it's a team sport and we're talking about your individual approach momentarily but it is amazing the expectations were so high at usca do you win the pac 12 championship that people were saying well you didn't make it to the college football player which is absurd think about how great that year was from the team perspective how would you summit up do you think you fell just short of the team gold the opting we were you know any any time you don't goes in the nassim jade would soon as always know disappointments especially at you as you like uses so yeah we're known for ten abusive so and after winning the rose bowl a you before you noted of looting took a step back guys literally blow all the time the to someone else a chance to do it slow la la bucks for an impact while we made it to the championship we lost a washington was colorado isn't it rose door lucy i watch although he was a a military tall yeah he's he's who has the car no no no i wanna help you i wrote a note of truth gadgets i would add to this course it'd be talking about the truth sam darnell watched the latah quarterbacks and causes you know you watch you read newspapers you look at his stats we all do it rises for confidence purposes mazda even when you watch salmon you see him play the game we we do for you guys now he's going into the draft how good easy in cane he be international for bali for what you're seeing the national football league bring to the team for cubans me the best quarterback monopoly would obviously and a new the gamebreaker you know he's days soap was in the pocket never subbiah route so you know we've been down twenty one poisonings brought his back things like that i remember worldwide net forget it will nobody ever forget it with a yeah he definitely a competitive and he doesn't need as the same was but you know.
"nassim" Discussed on Bertcast's Podcast
"I wanna distort i mean i was sexually active in first grade and nothing creepy happened that i know off but i was full on black belt in shit you know it's like to grow a lot of your anybody alba i see nassim first fucking great like like it was like natural are you need that winky earlier asked about your history intrigue leeson's asshole man not even thinking twice about it and really the gleason sisters do that a creepy french stepdad shit was probably weird and that it just trickle down to the rest of the neighborhood and he got fucking creepy and there's some people are gonna get weird it out by saying that but i'm just saying that in context of like now i'm fucking thirty eight forty years later shit skin fucking weird you know what i'm saying i'm a weirdo and i i'm but anyway headed the eating ass happen it's i don't know dude bill bill birds bid abou for the first time we saw porn and he's like i wanted to do that sometimes you just do it and i just did it i don't know why i didn't know i just did it and you know i think i'm kind of like a pioneer of this shit i'm like the rosa parks have asked eating i said you know today will be the day we take a stand you have like a dry spell after first grade or did it i mean like i'll be the actual like boning and something happen too much later but yeah i mean like i dude first of all i'm armenian and we're like crazy sex weirdos indian was armenian is the is the armenian genocide yeah okay the real one the big one what was the armenian genocide two turks two turks came in and they are slaughtered us a million of us and which is so hilarious cause which is hilarious alarming there was the young turks you know which is a amazing that is allowed to fly if you called sir the young turks it's like the equivalent of having a tv show called the jolly the jolly nazis you know it's like the same fucking thing that's a that's a.
"nassim" Discussed on KOIL
"Of rebuilding the family rebuilding the man author of the antidote healing america from the poison of hate blame victimhood alqoma both of you and uh pastor scott i'll begin with you and ask you your your thoughts on all of these issues in todo and what do you do and i i was consistent i said okay he's denying the allegations obviously there might be something to it can since since he decided to resign i think at the end of the day you know maybe this is gonna be a good thing in that we're gonna see people being more respectful to everybody else in the workplace jesse loui on you right migrant went when we go through darkness dependent manner of most people come out on another died in a tree about her name due to write vein company called from taipei breathed aren't improvement and you'll i i i think it's hybrid john carr to step down anyway he's been a long time you know uh for going to work in his underwear he's also known who are reading the papers upside down and so maybe i just age this time for him to go anyway but what i find is hypocritical about the black caucus and the democrat party is that nassim follow suit at members of the democrat party and try to defend your car use and it's and call him an icon who sir what rights to women and and why i'm just saying hand they say that they off four women and they support women and all of that but when it comes to the democrats need kids who support politics since support their party rather than into supporting women and we saw net once again with bill clinton when he was accused they tried to destroy the women who accused bill clinton away he did to them and also there's another guy by the name of allegri he's a member the uh congressional black caucus has jog hihis one of the founders of the congressional black caucus and if this was going on and if it's true that john carr years paid off a woman why did the congressional black caucus allow these two benches stay there knowing that these accusations areas especially the athlete paid off a woman so it'sit's polls that show on really what's the democrat party is all about and what the congressional black caucus is about and that is not for the.
"nassim" Discussed on TechFan
"Brought wholly worth it i liked the pro at your trawler a lot at a pro control i mean sydney's much more y y me say um and so i am i i was kind of guy not why vons gotemba confirmed yeah yy'all like it it's it's a good controller i think it's it's right up there with the bust of them okay so we'll four we get to our show notes and feedback and all that i did want to mention i got a new product for review um and i talked about a somewhat with owen it's that acer dustup so far have an honest they haven't had a whole lot of time to play with it but i'm kind of impressed and a lot of respects is very fast it's an i5 it's so it's very fast but it really really bugs me that it's only hemi and vg a out that seems so stupid in 20 almost 2018 of this point that you have a computer the have to hook up one of why the hell is there a vga output on this thing seriously yeah i i said is it now sean remember when you till is this a tiny piece a knows the big fullsized dust up all right okay so it's not see see i have an we have a haven the office another ice will in this kind of a a low end so latin but it's is slow behind the nassim it's not much hides and not allow a machine that we can use force skype and four and presenting stuff in our meeting ramos will top civic display now that has three jay on it and and it it you know is is coming to when these little not speaking apple tv right yeah now to me i i kind of understand that because a lot of times if he can take key piece run the cups of project uh a lot of all the projects his unease vgi so i can understand why has vj on that this is a fullsized bottle diane would he will put the jail and a fullsized today.
"nassim" Discussed on Xtra Sports Radio 1300 AM
"The same thing before the drab hey i think tom savage wadi hot on savaged what people that tom savage and ryan nassim member that all right gnassingbe a first round quarterback it won't world in what moral josh jobs might be a first round quarterback where since with because you know why tunic dan people cover the the nfl so now because it got to get them cliques with z all of a sudden jacoby per sets the next big thing whites kepting competitive there too and four up teams that are combined audio or team c pizza the fbi the be careful what this backup quarterback that says because ours is a stupid move of off the go back to when scott mitchell got that big contrast and rival yeah because they wanted playoff game with a dolphin right right and he was at some time with the jaguars to they went through a while he was y'all fat there was no good you have other guys over the years you got a whole why don't factors backup quarterback that wherever they may have big deal about him he went bad four to netflix who got beat up by right now he got a concussion but it's got beat out by russell wilson but you gotta be careful these guys comment to the league they're not drafted or their drafted wall firm reason they don't do it only comes around once in awhile thank you that see that's what that's why i love i love tom brady's great story and i i love great socaille but to that same token you patriots fans out there wherever you might be should be laughing your ass off when someone brings up tom brady we'll talk came out of the six that's one who's another late round geyer undrafted guy mean legends of alleged okay kurt warner is a hall of famer that's to the other one would be who johnny unite us three that nene out of thousands don't.
"nassim" Discussed on Let's Talk Bitcoin!
"What's the date on that in what was that movie word uh talking about a contest the name and what are the candidate it's alba it's called moley and it's a private screening its scottish ksm screening so it's a new movie he's making so it's kind of a way to kinda start connecting the entertainment industry with blocked in a little bit more uh but the actual conference itself it's in aspen colorado owns from september 21st to september 23rd and the third day's gonna kinda end with a lot of music got nightlife every night got a lot of really cool speakers during the day there's gonna be roundtable ventures in be socials you know foods include in some your ticket costs were rents the grounds nassim are gonna have a nice thirteen fourteen rocket in the front of a vector rocket when be talking about everything from aerospace productive financed it no i mean usac entertainment everything can of bringing oughta differed diverse people together and connecting them together in showing how with blockchain's which and really help innovate a world in can read rebuild some of the things that need i guess you could call it an upgrade now a lot of people say hey don't read that the whale but the wheels ben qassem reinvested we don't use wagon wheels have low profile tires like i mean we're always improving will run through in the concept of so the concept of social organisation the concept of monitoring financed things like that i mean these this is the next step in the evolution of it and even into the internet itself to when we start working of building on backbone so the next conferences about connecting all these be gathered shown a this is what we can all do together let's let's do it.
"nassim" Discussed on Discovery
"The elements that akhan was only discovered by swedish chemist in the 1800s yes is the seventh most abundant element in the universe and more importantly the second most abundant element in the earth's crossed oft oxygen but pure silicon valley is very rarely found nature is and even found in a strange volcano in russia as pure crystals the silicon dioxide which is a molecule made up one silicon nassim attached to two oxygen is actually the most common compound we find and the most abundant one in the earth's crust a commonly takes the form of ordinary sand but you may have also head of its existing is courts christo amethyst flint chat jesper or even apl over ninety percent the s crossed is calmly composed that these types of silicate minerals silicon is the main ingredient in some very low tech creations including breaks and ceramics i'm standing here in a construction site with silicon is being used in everything to create some of the most basic building materials but what makes silicon so special that it has an entire valley in california named after it silicon is the element which weaken thankful the computers on our desks and the phones in our hands you have to some books so we start with silicon go to send quotes to get out of the ground to take some saddened fitted with it to beds said it can possibly trusty but only when you tell it to and you have the basis of the modern electronic industry if you ask a chemist why it is that a particular element is special hugh always come back to you and say oh you know it's all about the electrons and of course the electrons on the one hand or the glue that are holds or world together but at the same time our society has become suggest with being able to slow electrons flowing electrons controlling electric currents that sort of thing and in a real metal what you find is that those electrons can essentially flow very easily through the material.
"nassim" Discussed on The Ryen Russillo Show
"On the older i never had the appeal of a cheap what was it about it for you or perhaps for that call the jeep maybe new england maybe being up in vermont for we'll drive i fun it was an inexpensive way to have like a look at me car you know gets eruption it's not it's not too expensive but things start doing the bikini top in a lax sticks across the back maybe a hofstra sticker again i got you greater the be like if you're twenty two year the man aged twenty eight runs to get the lax set up in the back right a merger at played attack attract and transferred at delaware yet you don't wanna do that curriculum music for the bed if we could let's go to joe new york hey joe adele at nassim uh colin because uh looking to go to england heath soccer uh one at the everton shout out there really uh i can't find any friends who want to go with me mike girlfriend starting a job soon um and so she doesn't wanna take a vacation too early and the jobs are wondering if i should go so absolutely i i've never now i see that a ringing endorsement never having taken a vacation solo but i think it's an awesome idea i mean if i was rubber kids voters in your situation absolutely because listen your goal there for soccer game right the going for the match which is going to be built in excitement you'd have tom your own to explore the city england's a wonderful place great to sight to see historic at some food india i think yeah because you have a purpose i think it's tougher if you take the survey caitian to paris and there's you know we'll see how it goes it's better because he knows is gone for the soccer match.
"nassim" Discussed on On Being with Krista Tippett
"Of the illness but i i didn't know if i could have survived a spiritual crises and that that made it real clear how much was at stake show via between apocalypse and gandhi there were about four years yeah and they were years of reflection and some alcohol abuse and insecurity in anger and resentment and um a near breakup with my family and um but i wish searching for that elusive thing that all of the search for most of the time we're not even conscious of it but were were searching for ourselves in an authentic way we want to recognize the person we see in the mirror and embrace that person with all the broken nassim and lacklustre all the things that only we are aware of in the depths of our being and that's what i was i was offered an opportunity to deal with when i finally arrived in india 1980 wanted to do this part in gandhi i was only there about five or six weeks and my son a meal a accompanied me uh and that was the turning point because i saw a poverty very up close and personal that i could not have imagined and it it it really went to the center of my being and took me out of myself rights and and that's what changed my life right so there had been that inward journey and that inward reckoning and dan this also took you back out again and does things came together it seems whom i i came home from india really shaken in a remember bringing some books on indian philosophy in end wisdom and nonviolence on.