4 ms·
Is it possible that this is simply just the effect of a Bell Curve (i.e, the normal (Gaussian) distribution of a field)?
by asifjamil 14y ago
Is it possible that this is simply just the effect of a Bell Curve (i.e, the normal (Gaussian) distribution of a field)?
- maxdemarzi 14y agoRead the book. http://www.amazon.com/The-Black-Swan-Improbable-Robustness/dp/081297381X http://www.amazon.com/The-Black-Swan-Improbable-Robustness/d...
- seiji 14y agoI think that's the exact opposite of what pg means. pg is basically writing http://blakemasters.tumblr.com/post/21869934240/peter-thiels-cs183-startup-class-7-notes-essay http://blakemasters.tumblr.com/post/21869934240/peter-thiels...
- gojomo 14y agoThere's a similarity to Thiel's analysis -- that few outliers provide all the returns -- but also a difference: PG seems more comfortable with the idea that early on, the ultimate winners are completely unknowable, and so 'many trails' (diversification) is absolutely necessary. Meanwhile, throughout his lectures, Thiel seems to emphasize that with enough focus on the right people. important projects, and right 'secrets', outcomes are not as random as they seem... and both individuals and investors must concentrate on some big bets rather than endlessly diversify.
- deleted 14y ago[deleted]