Apr 25, 2018 nassim nicholas taleb doesnt like to carry any debt. 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 black swan author in praise of the risktakers the writer and former options trader nassim. 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. He is the author of the 4volume incerto antifragile, the black swan, fooled by randomness, and the bed of procrustes. 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. Chris anderson, editor in chief of wired, author of the long tail. The impact of the highly improbable by nassim nicholas taleb. Book cover design for the black swan by nassim nicholas taleb.
May 11, 2010 the black swan has appealing cheek and admirable ambition. Fooled by randomness and the black swan are the first two parts of a trilogy that the author calls incerto. Feb 28, 2008 nassim nicholas taleb is an uncompromizing nononsense thinker for our times. The impact of the highly improbable kindle edition by nassim nicholas taleb author 4. Fa the black swan af nassim nicholas taleb som paperback bog. Capitalism is, among other things, the revitalization of the world thanks to the opportunity to be lucky. Dont be like the ingrate who got a castle as a present and worried about the mildew in the bathroom. He made me work pretty hard to get through it, but the. Chris anderson, editor in chief of wired, author of the long tail idiosyncratically brilliant. Oct, 2009 in the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. 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. Sep 28, 2016 the black swan summary september 28, 2016 march 22, 2019 niklas goeke self improvement 1sentencesummary. The impact of the highly improbable, by thanking the reader for reading his book. Why do we not acknowledge the phenomenon of black swans until after they occur.
Nassim taleb, the polarizing author of bestselling books the black swan and antifragile. The black swan by nassim nicholas taleb 9781400063512 dymocks. Taleb refuses all awards and honours as they debase knowledge by turning it into competitive sports. The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. But a few thoughts besides the titular black swan do stand out. Nassim nicholas taleb is an uncompromizing nononsense thinker for our times. 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.
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. The black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of opacity, luc. The third part of the trilogy to be published is called antifragile and is, in talebs own words the main volume. 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 incerto book 2 ebook. A black swan is a highly improbable event with three. His definition of a black swan event is that it happens against all expectation, and. The black swan quotes by nassim nicholas talebpage 2 of 16. But as nassim nicholas taleb points out in this sprawling, brilliant work. In this video i will present my top 5 takeaways from the black swan, the bestselling book by the. 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. Mar 16, 2018 part of the 52 in 52 book summary series.
The black swan glides through deep philosophical discussions and clever humor as effortlessly as its namesake. Nassim makes a distinction between two different types of event distribution. See all 22 formats and editions hide other formats and editions. Napoleon hill think and grow rich catherine ponder the dynamic laws of. Taleb forcefully asserts that black swans are the only things that. 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. The black swan, of nicholas nassim talebs title, describes an event that occurs completely outside expectations, has an enormous impact. This book is like a nice cup of dark roasted coffee. 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. A black swan is a surprising or virtually unpredictable event that can have a massive impact. Nov 03, 2016 black swan author nassim taleb says dont worry about a trump presidency. 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.
The impact of the highly improbable nassim nicholas taleb isbn. He has also authored the book called fooled by randomness. Nassim nicholas taleb has 35 books on goodreads with 504838 ratings. Essentially, the book is all about how to convert knowledge into action and figure out what knowledge is worth. Stop looking the gift horse in the mouthremember that you are a black swan. The black swan 2010 offers insights into perceived randomness and the limitations we face in making predictions. What is the difference between the book fooled by randomness. 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. Once upon a time there was a clever young financial professional called nassim nicholas taleb. Mar 28, 2018 the black swan asymmetry allows you to be confident about what is wrong, not about what you believe is right. 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. 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. A black swan is a highly improbable event with three principal ch. He used to be a trader, but is currently distinguished professor of risk engineering at new york university.
Books by nassim nicholas taleb author of 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. Once upon a time there was a clever young financial professional called nassim. Nassim nicholas talebs most popular book is the black swan. His book is hard reading and people are either going to like this book or hate it. 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. In fact, the scholar and author of the black swan has never, ever borrowed a penny, he tells esquire. The black swan by nassim nicholas taleb penguin books.
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. 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. 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. In the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. 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. 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. 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. There once was a shepherd boy who was bored as he sat on the hillside watching the village sheep. 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 black swan, nassim nicholas taleb 2007 cityofsound.
He spent nearly two decades as a businessman and quantitative trader before becoming a fulltime philosophical essayist and academic. Looking back at that belief during hearings this fall on capitol hill, alan. The black swan by nassim taleb the impact of the highly. 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.
Black swan author nassim taleb has never, ever borrowed a. Why should you never run for a train or read a newspaper. Taleb is best known for his 2007 book, the black swan. The phenomenal international bestseller that shows us how to stop trying to predict everything and take advantage of uncertainty what have the invention of the wheel, pompeii, the wall street crash, harry potter and the internet got in common. In this brilliant book nassim nicholas taleb distils his idiosyncratic wisdom to demolish our illusions, contrasting the classical values of. Though not the first person to use the term, talebs book popularized black swan theory regarding rare outlier events and problems with prediction. Praise for nassim nicholas taleb the most prophetic voice of all. Nassim taleb challenges us, his readers, to be as fearless as he is in punc. 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. The phrase black swan arising earlier in the different. The hubris of predictions and our perpetual surprise when the notpredicted happens are themes of nassim nicholas talebs engaging new book, the black swan.
Nassim nicholas taleb has devoted his life to problems of uncertainty, probability, and knowledge. I want to be broadly right rather than precisely wrong. The impact of the highly improbable is a book that focuses on what has now come to be known as the black swan theory. The black swan is a landmark bookitself a black swan. 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. 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.
Support the channel by getting the black swan by nassim taleb here. Nassim talebs earlier book fooled by randomness was enormously. The other books in the series are fooled by randomness, antifragile, skin in the game, and the bed of procrustes. Nassim talebs observation, in his book the black swan, is that, after the fact, we concoct a narrative to explain it. This is an interesting read which is very abstract in nature. 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.
Both books i own but dont feel the need to read, feeling that ive already having. Second edition the impact of the highly improbable fragility by nassim nicholas taleb available from rakuten kobo. 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. 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. He is currently distinguished professor of risk engineering at new york universitys school of engineering.
The black swan by nassim taleb is a wonderful book. Why are we so often unwilling to accept that life is unpredictable. Nassim nicholas taleb the black swan tom butlerbowdon. 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. The black swan glides through deep philosophical discussions and. It was popularized in 2007 by nassim nicholas taleb in his megafamous book. Nassim nicholas taleb said his next book might be called.
With its revolutionary examination of the impact of highly improbable events, this new york times bestseller took the world by storm. This acclaimed book by nassim nicholas taleb is available at in several formats for your ereader. Gq praise for the black swan a book that altered modern thinking. Maverick thinker nassim nicholas taleb had an illustrious career on wall street before turning his focus to his black swan theory. Heartwarming by kevin macleod is licensed under a creative commons. Dec 18, 2015 you can find the mind map and image credits here. See all 10 formats and editions hide other formats and editions.
1116 1596 1397 1335 1678 1044 1177 696 605 1622 884 1108 1216 1025 264 453 1225 477 416 761 875 42 393 509 734 1349 11 1510 632 622 437 618 902 1415 904 939 1573 676 1572 250 1164 458 260 604 438 289 1487 448 700 626 129