TIP 047 : The Black Swan (Investing Podcast)

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 9 August 2015

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN: Who is Nassim Taleb and what is a Black Swan? What are Mediocristan and Extremistan? Ask The Investors: Is Mark Cuban right when he says that value investing is only for the big guys? BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Check out our five-page executive summary of the book, The Black Swan. Nassim Taleb’s book, The Black Swan – Read reviews of this book. Robert Cialdini’s book, Influence – Read reviews of this book. Morgan Downey’s book, Oil 101 – Read reviews of this book. Hari Ramachandra’s Blog, BitsBusiness.com. Cullen Roche’s whitepaper on, Modern Monetary Policy. Mark Cuban’s Blog, BlogMaverick.com. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: ⁠HardBlock⁠ ⁠Human Rights Foundation⁠ ⁠Plus500⁠ ⁠Netsuite⁠ ⁠Shopify⁠ ⁠Vanta⁠ HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. 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Transcript

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0:00.0	We study billionaires and this is episode 47 of the Investors Podcast.
0:04.0	Broadcasting from Bel Air, Maryland.
0:08.0	This is the Investors Podcast.
0:12.0	They'll read the books and summarize the lessons.
0:16.0	They'll test the waters, tell you what it's called.
0:19.0	They'll give you actionable investing strategies.
0:22.0	Your host Preston Pish and St. Brooderson.
0:26.0	All right, how's everybody doing out there?
0:30.0	This is Preston Pish and I'm your host for the Investors Podcast.
0:32.0	And as usual, I'm accompanied by my co-host St. Brooderson out in Denmark.
0:36.0	And today we're going to sound a lot better than we usually do because we have a special guest with you.
0:41.0	And his name is Hari Ramachandra.
0:43.0	And everybody knows Hari from our mastermind group.
0:46.0	Hari's always that smart guy that we bring on the show to cover our weaknesses of not knowing what we're actually talking about at times.
0:52.0	And Hari comes from bitsbusiness.com.
0:55.0	And the book that we're going to be talking about this week is a really, really popular book.
1:00.0	And this was one of Hari's favorite books.
1:02.0	And so it was a very easy decision to bring him on the show to talk about some of the thoughts that he had on it along with Stig and I as we read this book.
1:09.0	And the name of the book is the Black Swan.
1:12.0	And the subtitle was The Impact of the Highly Probable.
1:15.0	And this was written by Nassim Teleb.
1:17.0	This book has really been one of those books that a lot of different billionaires are talking about specifically Jeff Bezos was a huge proponent of this book.
	...

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