Jun 28, 2018 summary of the black swan by nassim taleb, with interesting examples from the book and my thoughts about it overall. We attribute our successes to our skills, and our failures to external events outside our control. The book was published in multiple languages including english, consists of 401 pages and is available in hardcover format. The black swan synopsis nassim taleb looks at the impact and human psychology of extreme events. Nassim talebs black swan thanksgiving turkey business insider. This is an interesting read which is very abstract in nature. Chris anderson, editor in chief of wired, author of the long tail. A black swan is a highly improbable event with three principle characteristics.
In this groundbreaking and prophetic book, nassim taleb. Mediocristan is where we must endure the tyranny of the collective, the routine, the obvious, and the predicted. 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. We are always interested in making an offer to buy a good book or a collection of good books from individuals, estates or institutions. Id like to be notified of new arrivals in the following categories. 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. The black swan pdf summary nassim nicholas taleb 12min blog. He has a polymathic command of subjects ranging from. Nassim nicholas taleb s treasure chest of a book and new york times bestseller, the black swan, explores the nature of unpredictable events of huge consequence.
Second edition 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 journal write up also includes important messages and crucial passages from the book. The comfortable but potentially devastating lies we are told by others, and ourselves. The impact of the highly improbable by taleb, nassim nicholas and a great selection of related books, art and collectibles available now at.
Once upon a time there was a clever young financial professional called nassim nicholas taleb. Nassim nicholas talebs landmark incerto series is an investig. This is my book summary of the black swan by nassim nicholas taleb. The black swan is the second volume of his 4volume body of work on uncertainty, called incerto. The black swan by nassim nicholas taleb 2007 jvalamalini. The impact of the highly improbable is a book that focuses on what has now come to be known as the black swan theory. Aug 27, 2017 the black swan has no particular target group of readers to whom the book is intended. These seemingly random events which generally have extensive results for the individual and for societies as well eventually, named by the writer as black. Jan 16, 2019 the umeasurability of black swan and the human tendency of discounting their very possibility, is a central tenet in the book. This book is about the absolutely unexpected, the black swan you would never suspect if you only saw white swans all your life. Taleb has made his living and a small fortune, now transformed into a large fortune by the 2008 market in an unusual way by. There isnt a great deal to say about black swan events once youve defined them other than that theres not much you can do to prevent them as they are unpredictable.
The impact of the highly improbable by nassim nicholas taleb ebook details. Oct, 2009 in the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. The concept of a black swan event takes its name from nassim talebs 2007 book the black swan. The impact of the highly improbable is a masterful exploration of the way random events shape our lives in remarkable ways. This book analyzes socalled black swansextremely unpredictable events that have massive impacts on human society.
Gq praise for the black swan a book that altered modern. This results in everything from world wars to major market meltdowns. Black swan events were discussed by nassim nicholas taleb in his 2001 book fooled by randomness, which concerned financial events. Written and designed for all audiences especially for enthusiasts that are restless and hungry for new knowledge that opposes the traditional way of predicting, forecasting, analyzing, calculating and estimating different events that happened or may. Gq praise for the black swan a book that altered modern thinking. The black swan is the second book in former options trader nassim nicholas talebs fivevolume series on uncertainty. Nassim nicholas talebs book, the black swan, tells about the nature of what we perceive as random events, in addition to the logical difficulties making us overlook the bigger picture. His 2007 book the black swan has been described by the sunday times as. The black swan a best seller authored by nassim taleb, has been on my reading list for some time.
Nassim taleb the black swan book synopsis w quotes. As i noted here, seth klarman recently recommended the book as very important to read. 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. Author nassim nicholas taleb discusses his theory about events he calls black swans occurrences that seem to be totally impossible. A black swan is a highly improbable event with three. Through a number of examples, the author aims to show his. The impact of the highly improbable pdf epub incerto series book. Its delightfully written and is backed up with real science. 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. A helpful andor enlightening book that has a substantial number of outstanding qualities without excelling across the board, e. A black swan is a surprising or virtually unpredictable event that can have a massive impact. Apr 11, 2020 nassim nicholas taleb s treasure chest of a book and new york times bestseller, the black swan, explores the nature of unpredictable events of huge consequence. The black swan by nassim taleb book summary youtube.
The times london a black swan is a highly improbable event with three principal characteristics. The black swan a book that altered modern thinking. Since the hotel was privately bought, all areas of the hotel have been fully refurbished, including the restaurant, bar, lounges and bedrooms. Opinionated, curious and hugely entertaining, 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. It is for the phrase black swan and the idea of the ludic fallacy that i am glad to have read the book. A helpful andor enlightening book that combines two or more noteworthy strengths, e. Nassim nicholas taleb has had first hand experience in a field highly susceptible to black swans and yet theoretically full of data and measures. Taleb regards almost all major scientific discoveries, historical events, and artistic accomplishments as black swansundirected and. 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. Ksiazka the black swan autorstwa taleb nassim nicholas, dostepna w sklepie empik. The impact of the highly improbable enter your mobile number or email address below and well send you a link to download the free kindle app.
Taleb, of course, refers to numerous historical examples of things that have come completely out of the blue. Nassim nicholas taleb is a lebaneseamerican of antiochian greek descent essayist, scholar, statistician, and former option trader and risk analyst, whose work concerns problems of randomness, probability, and uncertainty. 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. A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. The black swan has been in private ownership since may 2007. The impact of the highly improbable by naseem nicholas taleb this books deal with the impact of extreme events, the outliers, unpredictable, unfathomable, rare and random episodes. The black swan is a landmark book itself a black swan.
My notes are a reflection of the journal write up above. Black swan poche nassim nicholas taleb achat livre ou ebook. In the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. The black swan is a landmark bookitself a black swan. The black swan goodreads meet your next favorite book. The black swan is fascinating entertainment, but a bit hard to wrap ones mind around when it comes to practical. The impact of the highly improbable paperback 28 feb 2008. Had taleb had a better editor, or perhaps that he had listened to the editor he did have, i would have given the book another star. The black swan book summary by nassim nicholas taleb. What taleb suggests as an investment strategy is to avoid putting your money in mediumrisk investments because how do you know theyre medium risk anyway.
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 black swan has appealing cheek and admirable ambition, and contains such wise observations as. Once upon a time there was a clever young financial professional called nassim. Taleb, of course, refers to numerous historical examples of things that have.
A black swan, for the sake of this discussion, has three primary characteristics. We happily make house calls for larger collections and are more. The other books in the series are fooled by randomness, antifragile, and the bed of procrustes. Author nassim nicholas taleb discusses the central theme of his bestselling book, the black swan.
Black swans underlie almost everything, from the rise of religions, to events in our own personal lives. If you like reading sometimesobnoxious rants by clearly intelligent people, this book is a blast. The main characters of this non fiction, economics story are. First of all, this has nothing to do with the in my opinion good movie. Broadly, it shows that humans tend to create environments where extreme events are more likely and then underestimate their probability. May 11, 2010 a black swan event is a significant unexpected event that has huge consequences such as the banking collapse of 2008 or a terrorist attack such as 911.
Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. Written informally, the notes contain a mesh of quotes and my own thoughts on the book. 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. Praise for nassim nicholas taleb the most prophetic voice of all. 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. Extremistan is the unexpectable, black swan world of financial markets, book sales, and death by terrorism. Extremistan is where we are subjected to the tyranny of the singular, the accidental, the unseen, and the unpredicted. Nov 09, 2019 the black swan is a landmark book itself a black swan. His 2007 book the black swan extended the metaphor to events outside of financial markets.
The black swan by nassim nicholas taleb book summary good. Taleb notes that in the 19th century, john stuart mill used the black swan logical fallacy as a new term to identify falsification. The black swan taleb nassim nicholas ksiazka w sklepie. Hoping to do more book summary videos as i read more. Nassim talebs observation, in his book the black swan, is that, after the fact, we concoct a narrative to. The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. The black swan by nassim nicholas taleb waterstones.
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