Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
In this episode Trent Lapinski and David Kadavy discuss elusive black swam moments, which are moments that describe an event that comes as a surprise and have a major effect.
“I had an event where my e-mail list went from 5,000 to 30,000 within a couple weeks. All these events, they kind of happened, and I did things to make them happen, but I couldn’t have predicted that they were going to happen. So I wondered to myself, how can you make black swans happen?”
“They suffer from interacting with an issue I call irrational rationality. Which is the treating of absence of evidence as evidence of absence.”
“It always really turned me off, the whole A/B testing obsession that there was in Silicon Valley… Well yeah, if you can use machine learning to do that, that’s even more reasons for you to try and ignore those activities. Then look for the activities that are low investment, but uncertain in outcome. That uncertain outcome may be a very positive outcome.” — David Kadavy
The Elusive Black Swan with David Kadavy
P.S. If you dig the new Hacker Noon Podcast, consider giving us a 5 star review on iTunes.
Also check out November’s top stories, the latest stories and today’s homepage.
The Elusive Black Swan with David Kadavy was originally published in Hacker Noon on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.