The Black Swan. Book Summary

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Nassim Nicholas Taleb

What’s inside

Nassim Nicholas Taleb discusses the profound impact of rare, unpredictable events which he terms ‘Black Swans’ and how they shape our world.

You’ll Learn

  • Understanding the limitations of predictions
  • Recognizing the significance of rare events
  • Improving decision-making under uncertainty
  • Gaining insights into market and global risks

Key Points

  • Our blindness to Black Swans
  • The retrospective distortion
  • The world is too complex for simple stories
  • Non-scalable and scalable professions
  • The ludic fallacy and the uncertainty of knowledge
  • Grey Swans and robustness against negative events

Who’s it For

  • Statisticians
  • Economists
  • Philosophers
  • Market Analysts
  • Risk Managers
  • General Non-fiction Readers

About the author

Nassim Nicholas Taleb is a scholar, statistician, former trader, and risk analyst, known for his work on probability and uncertainty.