Once upon a time there was a clever young financial professional called nassim. Fa the black swan af nassim nicholas taleb som paperback bog. Dec 18, 2015 you can find the mind map and image credits here. A black swan is a surprising or virtually unpredictable event that can have a massive impact. He has spent his life immersing himself in problems of luck, uncertainty, probability, and knowledge, and he has led three highprofile careers around his ideas, as a man of letters, as a businessmantrader, and as a university professor and researcher.
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. The black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of opacity, luc. The author of the black swan, book about risk and probability theory, said failure to predict the crash of 2008 has discredited the treasury secretary and other leading voices. The other books in the series are fooled by randomness, antifragile, skin in the game, and the bed of procrustes a black swan is a highly improbable event with three principal. He made me work pretty hard to get through it, but the.
A bit bitter for those who are unfamiliar with the black swan brand of uncertainty, yet disconcertingly alerting for those who have encountered this rare blend. He is the author of the 4volume incerto antifragile, the black swan, fooled by randomness, and the bed of procrustes. Fooled by randomness and the black swan are the first two parts of a trilogy that the author calls incerto. In his ten principles for a black swan robust world, nassim nicholas taleb is on the ramparts assuming an activist role in urging us to move voluntarily into capitalism 2. The black swan quotes by nassim nicholas talebpage 2 of 16. 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 spots a small chance of making a very large gain. Chris anderson, editor in chief of wired, author of the long tail. The black swan is a book so densely packed with thoughtprovoking content that its hard to pick the key ideas that cover all of nassim s theses. The black swan, nassim nicholas taleb 2007 cityofsound. Nassim nicholas taleb has devoted his life to problems of uncertainty, probability, and knowledge. What is the difference between the book fooled by randomness. In fact, the scholar and author of the black swan has never, ever borrowed a penny, he tells esquire. Our overreliance on methods that appeal to our intuition at the expense of accuracy, our basic inability to understand and define randomness, and even our biology itself all contribute to poor decision making, and sometimes to black swans events thought to be impossible. Feb 28, 2008 nassim nicholas taleb is an uncompromizing nononsense thinker for our times.
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. The phrase black swan arising earlier in the different. His latest book the black swan became a major bestseller and is a very important book, both for traders and for everyone else who works with the randomness. The impact of the highly improbable by nassim nicholas taleb. The hubris of predictions and our perpetual surprise when the notpredicted happens are themes of nassim nicholas talebs engaging new book, the black swan. His definition of a black swan event is that it happens against all expectation, and. Dont be like the ingrate who got a castle as a present and worried about the mildew in the bathroom. With its revolutionary examination of the impact of highly improbable events, this new york times bestseller took the world by storm. His 2007 book the black swan has been described by the sunday times as one of the twelve most influential.
The impact of the highly improbable, by thanking the reader for reading his book. The impact of the highly improbable incerto book 2 ebook. The impact of the highly improbable kindle edition by nassim nicholas taleb author 4. The black swan, of nicholas nassim talebs title, describes an event that occurs completely outside expectations, has an enormous impact. A condensed guide to life from the bestselling author of the black swan, nassim nicholas talebs the bed of procrustes is an invaluable collection of aphorisms navigate the modern world. Sep 28, 2016 the black swan summary september 28, 2016 march 22, 2019 niklas goeke self improvement 1sentencesummary. Things that gain from disorder, offers 61 reading recommendations in his own words. In this video i will present my top 5 takeaways from the black swan, the bestselling book by the. He has also authored the book called fooled by randomness. He used to be a trader, but is currently distinguished professor of risk engineering at new york university. Nassim nicholas taleb first made this argument in fooled by randomness, an engaging look at the history and reasons for our predilection for selfdeception when it comes to statistics.
Though not the first person to use the term, talebs book popularized black swan theory regarding rare outlier events and problems with prediction. Taleb forcefully asserts that black swans are the only things that. The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. Nassim taleb challenges us, his readers, to be as fearless as he is in punc. The black swan by nassim nicholas taleb penguin books. Nov 03, 2016 black swan author nassim taleb says dont worry about a trump presidency.
The black swan glides through deep philosophical discussions and clever humor as effortlessly as its namesake. See all 10 formats and editions hide other formats and editions. The black swan by nassim nicholas taleb 9781400063512 dymocks. There once was a shepherd boy who was bored as he sat on the hillside watching the village sheep. Eco was an anti scholar, who couldnt care less about the number of books he.
The book has made me think in a very abstract way in looking at past events that happened and trying to work out if we could have known that this was to happen. Napoleon hill think and grow rich catherine ponder the dynamic laws of. Mar 28, 2018 the black swan asymmetry allows you to be confident about what is wrong, not about what you believe is right. The hidden role of chance in the markets and in life. Heartwarming by kevin macleod is licensed under a creative commons. 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. Mar 16, 2018 part of the 52 in 52 book summary series. The black swan by nassim taleb is a wonderful book. Essentially, the book is all about how to convert knowledge into action and figure out what knowledge is worth. What that really means is an indepth examination of where in our world we apply false, naive models typically gaussian, or bellcurve type models, and the impact they can have. The black swan author in praise of the risktakers the writer and former options trader nassim. Nassim nicholas taleb is an uncompromizing nononsense thinker for our times. The impact of the highly improbable nassim nicholas taleb isbn. The black swan summary september 28, 2016 march 22, 2019 niklas goeke self improvement 1sentencesummary.
Books by nassim nicholas taleb author of the black swan. Nassim nicholas talebs most popular book is the black swan. The black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of opacity, luck, uncertainty, probability, human error. Maverick thinker nassim nicholas taleb had an illustrious career on wall street before turning his focus to his black swan theory. This acclaimed book by nassim nicholas taleb is available at in several formats for your ereader. Through a number of examples, the author aims to show his readers how rare and unpredictable events have a deep and lasting impact on a persons life. Capitalism is, among other things, the revitalization of the world thanks to the opportunity to be lucky. Nassim makes a distinction between two different types of event distribution. Looking back at that belief during hearings this fall on capitol hill, alan. Support the channel by getting the black swan by nassim taleb here. A black swan is a highly improbable event with three. The third part of the trilogy to be published is called antifragile and is, in talebs own words the main volume. The black swan by nassim taleb the impact of the highly improbable just finished reading nassim talebs the black swan and i enjoyed it even more than his previous good book fooled by randomness not that it wasnt a good read.
This is an interesting read which is very abstract in nature. A profound look into the meaning and implications of improbable yet meaningful events a turkey spends each day eating well for a year, being cared for by a farmer whose actions seem to have the turkeys best interest at heart. The other books in the series are fooled by randomness, antifragile, skin in the game, and the bed of procrustes. The black swan explains why we are so bad at predicting the future, and how unlikely events dramatically change our lives if they do happen, as well as what you can do to become better at expecting the unexpected. Once upon a time there was a clever young financial professional called nassim nicholas taleb. Praise for nassim nicholas taleb the most prophetic voice of all. Nassim talebs observation, in his book the black swan, is that, after the fact, we concoct a narrative to explain it. Oct, 2009 in the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. In the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. Stop looking the gift horse in the mouthremember that you are a black swan. 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.
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 don t understand. Second edition the impact of the highly improbable fragility by nassim nicholas taleb available from rakuten kobo. A black swan is a highly improbable event with three principal ch. Chris anderson, editor in chief of wired, author of the long tail idiosyncratically brilliant. This book is like a nice cup of dark roasted coffee. Nassim nicholas taleb said his next book might be called. The author of the black swan is nassim nicholas taleb, who spends a lot of his time relaxing in different places all over the world. Both books i own but dont feel the need to read, feeling that ive already having. His book is hard reading and people are either going to like this book or hate it. But a few thoughts besides the titular black swan do stand out. The black swan by nassim taleb the impact of the highly. Book cover design for the black swan by nassim nicholas taleb. Nassim taleb, the polarizing author of bestselling books the black swan and antifragile. The black swan is a landmark bookitself a black swan.
He is currently distinguished professor of risk engineering at new york universitys school of engineering. Why are we so often unwilling to accept that life is unpredictable. 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. Why should you never run for a train or read a newspaper. In this brilliant book nassim nicholas taleb distils his idiosyncratic wisdom to demolish our illusions, contrasting the classical values of. Taleb refuses all awards and honours as they debase knowledge by turning it into competitive sports. Apr 22, 2007 the hubris of predictions and our perpetual surprise when the notpredicted happens are themes of nassim nicholas talebs engaging new book, the black swan. Black swan author nassim taleb has never, ever borrowed a. Gq praise for the black swan a book that altered modern thinking. It was popularized in 2007 by nassim nicholas taleb in his megafamous book. May 11, 2010 the black swan has appealing cheek and admirable ambition. May 01, 2010 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. Nassim nicholas taleb has 35 books on goodreads with 504838 ratings.
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. Nassim talebs earlier book fooled by randomness was enormously. The impact of the highly improbable is a book that focuses on what has now come to be known as the black swan theory. Jun 02, 2008 a condensed guide to life from the bestselling author of the black swan, nassim nicholas talebs the bed of procrustes is an invaluable collection of aphorisms navigate the modern world. But as nassim nicholas taleb points out in this sprawling, brilliant work. See all 22 formats and editions hide other formats and editions. The black swan glides through deep philosophical discussions and. He spent nearly two decades as a businessman and quantitative trader before becoming a fulltime philosophical essayist and academic. Nassim nicholas taleb the black swan tom butlerbowdon. Why do we not acknowledge the phenomenon of black swans until after they occur.
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