Read The Black Swan: The Impact of the Highly Improbable Online Free - A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was.
The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.
Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities.
We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.”
For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. Now, in this revelatory book, Taleb explains everything we know about what we don’t know. He offers surprisingly simple tricks for dealing with black swans and benefiting from them.
Elegant, startling, and universal in its applications 'The Black Swan' will change the way you look at the world. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory.
'The Black Swan' is a landmark book – itself a black swan.
The book also contains a 4-page glossary; 19 pages of notes; and, a 28-page bibliography in addition to an index.
|Title||:||The Black Swan: The Impact of the Highly Improbable|
|Number of Pages||:||401 pages|
August 11, 2008
This is a great book. And, to take a page from Taleb, anyone who doesn't think so is wrong.
No, no, there are a number of problems with the book. A bit bloated, a bit repetitive. And NNT does make the misstep every once and a while. To take a very small instance, Taleb bases a short section of the...
June 21, 2008
I can summarize this book in two words: Shit happens.
Actually, I should be more fair since the author spent 300 pages laying out his beliefs and arguing his conclusions. The real summary of this book should be: Shit happens more often than you think.
The author, Taleb, rails against economics, mos...
June 11, 2008
This is a book that raises a number of very important questions, but chief among them is definitely the question of how the interplay between a good idea and an insufferable author combine to effect the reading experience?
This author is an a-hole. Full stop. He's dismissive, chronically insecure...
September 14, 2015
The first time through, I listened to this book with my husband, usually while I was cooking. Although I tried to stop and mark important passages, I ended up thinking the book was not very systematic. The second time through, chapter by chapter, the method in his madness is more apparent.
October 09, 2016
Taleb is a pretty good writer, but I thought this was a very uneven book. As I read it I was constantly alternating between "Wow, that's a really great insight, a great way of presenting it" and "Gee, who doesn't realize that?", or even "That just seems flat-out wrong".
It's a book that should hav...
August 29, 2008
This book has diminishing returns on the time spent reading it. Taleb's jeremiad is directed against - well - everyone who is not as enlightened as he is. I trudged through this book because - well - everyone is reading it and enlightened people should know how to comment on it. There, I did it....
February 18, 2013
First, a disclaimer. I am, professionally, a statistician. I do not have a Ph.D. in my field because I feel that statisticians with Ph.D.'s are devoid of practicality and usefulness to the real world. I work at a factory where I assist engineers in better understanding how processes work and maki...
August 08, 2008
This review will be comprised of two parts: a review of the ideas presented and a review of the way in which it is written
(A) The ideas
There is no question here, Taleb is an erudite and intelligent scholar. His take on epistomology and the scientific method breathe fresh air into the subject and...
August 23, 2008
I stopped reading this because the author is so pompous and annoying.
April 08, 2008
If you skipped your Systems, Statistics, or Random Variables classes in college, or if you think you know more than everyone else on Wall Street, then read this book. It will reaffirm what you already know. To the rest of you: this book will reaffirm what you thought you knew when you were 5 or 6...