A black swan is a surprising or virtually unpredictable event that can have a massive impact. In the course of 400 pages, nassim taleb discourses amusingly and eruditely on black swans and the human reaction to them, which isnt always logical. The impact of the highly improbable by nassim nicholas taleb here is a quick description and cover image of book the black swan. In this book, written by nassim taleb author of black swan, we are introduced to antifragility, a concept where some systems are strengthened by volatility instead of weakened by it. Mediocristan is where we must endure the tyranny of the collective, the routine, the obvious, and the predicted. The book focuses on the extreme impact of rare and unpredictable outlier events and the human tendency to find simplistic explanations for these events, retrospectively.
He has been a professor at several universities, serving as a distinguished professor of risk engineering at the new york university tandon school of engineering since september 2008. Read the black swan, second edition pdf by nassim nicholas taleb random house audio listen to the black swan, second edition. The impact of the highly improbable written by nassim nicholas taleb which was published in 2007515. Extremistan is where we are subjected to the tyranny. Nassim nicholas taleb explores in the black swan the problems of perception caused in people by random, unexpected events such as 911, which have an enormous impact on humanity and which people try to explain to no avail. Nassim nicholas taleb s most popular book is the black swan. Chris anderson, editor in chief of wired, author of the long tail.
Broadly, it shows that humans tend to create environments where extreme events are more likely and then underestimate their probability. The sighting of the first black swan might have been an interesting surprise for a few ornithologists and others extremely concerned with the coloring of birds, but that is not where the. But, the book is a great series of metaphors and analogies and stories. This book analyzes socalled black swansextremely unpredictable events that have massive impacts on human society. Black swan world of financial markets, book sales, and death by terrorism. He made me work pretty hard to get through it, but the. For example, a set of wine glasses is fragile because any volatility will break them, but humankind is antifragile thanks to evolution and our ability to adapt to environmental changes. Its a fantastic book for helping you get to know each other better and prevent you from falling into rational pitfalls in which we find ourselves. Read the black swan pdf by nassim nicholas taleb random house listen to the black swan. Books by nassim nicholas taleb author of the black swan. A black swan is a highly improbable event with three principal characteristics. The impact of the highly improbable paperback 28 feb 2008. Nassim nicholas taleb has 35 books on goodreads with 518557 ratings. The other books in the series are fooled by randomness, antifragile, and the bed of procrustes.
In this video i will present my top 5 takeaways from the black swan, the bestselling book by the. The impact of the highly improbable fragility nassim nicholas taleb the black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decisionmaking in a world we dont understand. Black swan events were discussed by nassim nicholas taleb in his 2001 book fooled by randomness, which concerned financial events. Nassim talebs observation, in his book the black swan, is that, after the fact, we concoct a narrative to explain it. Taleb regards almost all major scientific discoveries, historical events, and artistic accomplishments as black swansundirected and. The black swan is a landmark bookitself a black swan. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. With its revolutionary examination of the impact of highly improbable events, this new york times bestseller took the world by storm. In january, he also warned of the systemic risks of the coronavirus. The same could be said for philosopher, essayist and trader nassim nicholas taleb, who finds something rotten in misguided yet supremely confident investment gurus, traders, hedge fund managers, wall street bankers, m. The impact of the highly improbable pdf epub incerto series book. Gq praise for the black swan a book that altered modern thinking. The impact of the highly improbable incerto book 2 audiobook by nassim nicholas taleb read online the black swan.
Incerto, book 2 audiobook by nassim nicholas taleb read online the black swan, second edition. The black swan, second edition pdf by nassim nicholas taleb. In the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. Nassim nicholas taleb, born in lebanon, started his career as a derivatives trader on wall street. Nassim taleb, universa investments scientific advisor and distinguished professor of risk engineering at nyu, warned of an acute virus spreading throughout the planet in his 2007 book the black swan. The black swan is a standalone book in nassim nicholas taleb s landmark incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decisionmaking in a world we dont understand. Support the channel by getting the black swan by nassim taleb here. Taleb is the author of the incerto, a five volume philosophical essay on uncertainty published between 2001 and 2018 of which the most known books are the black swan and antifragile. As such, its more of a book on how not to invest rather than how to invest the term black swan itself has entered the common financial vernacular and is used to describe an outlier event entirely outside of the realm of. The black swan book summary by nassim nicholas taleb. The book was published in multiple languages including english, consists of 401 pages and is available in hardcover format. In this groundbreaking and prophetic book, taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet weespecially the expertsare blind to them. Engaging and enlightening, the black swan is a book that may change the way you think about the world, a book that chris anderson calls, a delightful romp through.
Nassim nicholas taleb is an essayist, belletrist, and researcher only interested in one single topic, chance particularly extreme and rare events, the black swans i. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. The pandemic isnt a black swan but a portent of a more. The impact of the highly improbable incerto book 2 ebook by nassim nicholas taleb find out the black swan nassim nicholas taleb. Taleb notes that in the 19th century, john stuart mill used the black swan logical fallacy as a new term to identify falsification. Nassim taleb the black swan book synopsis w quotes. Bestselling author nassim nicholas taleb continues his exploration of randomness in his fascinating new book, the black swan, in which he examines the influence of highly improbable and unpredictable events that have massive impact. Nassim taleb is the original, idiosyncratic mind behind fooled by randomness, the black swan, and antifragile, a bestselling series of books on the nature of complexity, randomness, and a world where rare events dominate the landscape. A black swan is a highly improbable event with three principal. Nassim taleb looks at the impact and human psychology of extreme events.
Chris anderson, editor in chief of wired, author of the long tail idiosyncratically brilliant. Not all swans are white, and not all events, no matter what the experts think, are predictable. The most valuable takeaway message is that history does not always prepare us for the future taleb uses the example of turkeys and christmas. His 2007 book the black swan extended the metaphor to events outside of financial markets.
I bought fooled by randomness on a paperback, but to be honest i am a bit scared of reading it again, because it is a huge game changer for me. Maverick thinker nassim nicholas taleb had an illustrious career on wall street before turning his focus to his black swan theory. The black swan is a kaleidic bookto borrow shackles termfull of surprising examples, and in that sense the medium is true to the message. The black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decisionmaking in a world we dont understand. Also i got the antifragile and havent started it yet, but plan on doing so. The first edition of the novel was published in 2007, and was written by nassim nicholas taleb. The other books in the series are fooled by randomness, antifragile, skin in the game, and the bed of procrustes. The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. The black swan is the second book in former options trader nassim nicholas talebs fivevolume series on uncertainty.
His book is hard reading and people are either going to like this book or hate it. But that may well have been a hostage to fortune, because talebs followup, the black. The black swan is a landmark book itself a black swan. Not all swans are white, and not all eventsno matter what the experts thinkare predictable. The books of sanction i the black swan, nassim nicholas. Nassim nicholas taleb is irritated, he told bloomberg television on march 31st, whenever the coronavirus pandemic is referred to as a black swan, the term he coined for an. Taleb shows that black swans, like 911, cannot be foreseen and have an immeasurable impact on the world. The black swan pdf summary nassim nicholas taleb 12min. The main characters of this non fiction, economics story are. Praise for nassim nicholas taleb the most prophetic voice of all. A bestseller in 18 countries, it was selected by fortune magazine as one of the smartest books of all time. Nassim nicholas talebs treasure chest of a book and new york times bestseller, the black swan, explores the nature of unpredictable events of huge consequence it sheds light on fundamental errors of thought. Taleb has made his living and a small fortune, now transformed into a large fortune by the 2008 market in an unusual way by financial speculation in contexts where he.
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