The Black Swan: Second Edition: The Impact of the Highly Improbable. A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. In this groundbreaking and prophetic book, Taleb shows in a playful way that Black Swan events explain almost everything about our world, and yet we—especially the experts—are blind to them.
Black swans exist. I love the "Black Swan" theory that discusses how the psychological biases that make people individually and collectively blind to uncertainty and unaware of the massive role of the rare event in historical affairs. It further explains the disproportionate role of high-impact, hard-to-predict, and rare events that are beyond the realm of normal expectations.
What is the Black Swan? The Black Swan logic makes what you don’t know more pertinent than what you do know. Elegant, surprising, and universal in its applications, The Black Swan will change the way you look at the world as it accentuates almost everything about it, from the rise of religions to events in our own personal lives. A black swan is a highly improbable event with three principal characteristics: it is unpredictable, it carries a massive impact, and it seems explainable after the…
One of the top 5 books I've ever read. It reminds us of how flawed our minds our built; all the biases our thoughts are influenced by. I think I know myself better because of this book. Kinda depressing, in a way.