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Content provided by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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45. Are You Playing Russian Roulette With Life?

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Manage episode 317640955 series 2933044
Content provided by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

83 episodes

Artwork
iconShare
 
Manage episode 317640955 series 2933044
Content provided by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Calvin Rosser & Steph Smith, Calvin Rosser, and Steph Smith or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

83 episodes

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