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by AutoModerator
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I watch a fair amount of math-related content, numberphile along with verisatium. This one moves into aspects of business a little after the point that I’ve keyed it to start at. The whole video introduces and explores log distributions, or power laws, vs normal/bell curve.
[https://youtu.be/HBluLfX2F_k?si=C-oigSWHbp1wbxWI&t=2147](https://youtu.be/HBluLfX2F_k?si=C-oigSWHbp1wbxWI&t=2147)
From that start point, it kind of veers into implications for investing, why persistence is important, why a few companies might be responsible for performance of the whole market, why smart VCs make lots of bets on many startups, and why first movers have an advantage.
My field was linguistics, not what you’d normally think of as math, but in about ’79 I took a course at the Summer Institute of Ling. on mathematical linguistics from Robert Lees, a direct supporter/advocate of Chomsky, who had been working at MIT in the 50s on machine translation (now taken for granted!).
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