Shit You Don't Learn in School

45. Are You Playing Russian Roulette With Life?


Listen Later

In this episode, Cal and Steph discuss the hidden side of risk: the infrequent, often unpredictable events that make the biggest differences in our lives.

If you look around, rare, high-impact events are everywhere. 

  • A small number of days in the stock market drive the bulk of the returns.
  • Large businesses like Google, Amazon, and Best Buy have tested thousands of products, yet have a single profit puppy. 
  • Insurance companies make money on most customers, but have to pay out very large claims to a few people.
  • A handful of people have had more of an effect on the future than the other 7 billion people combined.

This episode is all about navigating tail risk and tail opportunity. You'll learn how to better avoid the catastrophic events in life, and on the flip side, to take advantage of the life-enhancing opportunities with asymmetric upside.

Love this episode? Give it a review at https://ratethispodcast.com/learn

...more
View all episodesView all episodes
Download on the App Store

Shit You Don't Learn in SchoolBy Calvin Rosser & Steph Smith

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

102 ratings


More shows like Shit You Don't Learn in School

View all
This Week in Startups by Jason Calacanis

This Week in Startups

1,273 Listeners

The Smart Passive Income Online Business and Blogging Podcast by Pat Flynn

The Smart Passive Income Online Business and Blogging Podcast

3,451 Listeners

Pivot by New York Magazine

Pivot

9,240 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,524 Listeners

Noah Kagan Presents by Noah Kagan

Noah Kagan Presents

906 Listeners

ChooseFI by ChooseFI

ChooseFI

5,086 Listeners

How to Take Over the World by Ben Wilson | QCODE

How to Take Over the World

792 Listeners

My First Million by Hubspot Media

My First Million

2,624 Listeners

The Prof G Pod with Scott Galloway by Vox Media Podcast Network

The Prof G Pod with Scott Galloway

5,414 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,207 Listeners

Huberman Lab by Scicomm Media

Huberman Lab

28,494 Listeners

All the Hacks with Chris Hutchins by Chris Hutchins

All the Hacks with Chris Hutchins

1,584 Listeners

The Startup Ideas Podcast by Greg Isenberg

The Startup Ideas Podcast

201 Listeners

Marketing Against The Grain by Hubspot Media

Marketing Against The Grain

352 Listeners

Moneywise by Hampton

Moneywise

646 Listeners