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Spot on. I think it's important to mention the context of Taleb's philosophy. You have to keep in mind that in certain jobs, like trading, it is fairly plausibl
by yarou 13y ago
Spot on. I think it's important to mention the context of Taleb's philosophy. You have to keep in mind that in certain jobs, like trading, it is fairly plausible that successful traders are plain lucky because all traders eventually blow up. In the startup world, this analogy doesn't hold for a number of reasons. If you are genuinely skilled, you will succeed. Perhaps not on the first try, but you will succeed eventually.
- paulbaumgart 13y agoThe crucial difference might be that the finance world is zero-sum while the startup world (wealth creation) is positive-sum.
- socillion 13y ago> If you are genuinely skilled, you will succeed. Some skilled people succeed, therefore all skilled people succeed eventually? Alternatively, it's a tautological statement that defines "genuinely skilled" people as those who succeeded, therefore unsuccessful people must not be skilled.
- mbetter 13y ago> In the startup world, this analogy doesn't hold for a number of reasons. If you are genuinely skilled, you will succeed. Perhaps not on the first try, but you will succeed eventually. This is complete bullshit on its face.