Black Swans are outlier events that are so far outside the norm, and have never happened before, that they are impossible to predict, or, so most theorists believe. Nassim Nicholas Taleb has studied these highly improbably, high-impact, and the tendency of pundits to try and explain them logically through events of the past—an exercise in futility, he posits, because, since they have never happened before, nothing in the past can really account for them.
The Black Swan by Nassim Nicholas Taleb | Key Takeaways, Analysis & Review by Instaread is a great summary of Taleb’s philosophical treatment of his research, and should help the reader decide whether or not to buy the book. This excellent review points out that Taleb uses a lot of technical language in his book, which he does not bother to define or explain for uninitiated readers, and that his style is somewhat blunt and abrasive, so keep that in mind when considering whether or not you wish to buy the book. This summary, in itself, is an excellent overview of the full work, and as with most Instaread products, worth the effort. Unlike previous Instaread books, which had a standard Cliff Notes-like cover, this one has an attractive cover that will help it stand out in paperback form from other reference books.
The Black Swan: The Impact of the Highly Improbable, by Nassim Nicholas Taleb | Key Takeaways, Analysis & Review
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