The black swan by nassim taleb book summary duration. Taleb shows that black swans, like 911, cannot be foreseen and have an immeasurable impact. Jan 04, 20 the black swan, of nicholas nassim talebs title, describes an event that occurs completely outside expectations, has an enormous impact on future developments, and can be explained only in hindsight as predictable. 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 through. The black swan has appealing cheek and admirable ambition. The black swan is a landmark book itself a black swan. Dec 17, 2012 antifragile is a kind of sequel or logical followon to mr. Listen to my interview with victor niederhoffer, a cautionary tale. In january, he also warned of the systemic risks of the coronavirus.
The most influential book of the past seventyfive years. Nassim talebs antifragile celebrates randomness in people. Praise for nassim nicholas taleb the most prophetic voice of all. Nassim nicholas taleb, expert on risk and randomness, discusses the black swan. May 11, 2010 the black swan has appealing cheek and admirable ambition. Nassim taleb, distinguished scientific advisor at universa, the black swan and antifragile author, weighs in on the 2016 election and the potential market reaction to either candidate. The black swan by nassim nicholas taleb video dailymotion. Nov 03, 2016 nassim taleb, distinguished scientific advisor at universa, the black swan and antifragile author, weighs in on the 2016 election and the potential market reaction to either candidate. In hardcover, this book became a surprise bestseller. Black swan author nassim nicholas taleb divides the world. In this brilliant book nassim nicholas taleb distils his idiosyncratic wisdom to.
Talebs bestselling 2007 book the black swan and his earlier book fooled by randomness. His 2007 book the black swan has been described by the. The black swan is a landmark bookitself a black swan. The black swan authors latest book is full of important warnings and insights and a whole lot of hubris, writes julian baggini. Chris anderson, editor in chief of wired, author of the long tail idiosyncratically brilliant. Taleb calls this the black swan theory the book covers subjects relating to knowledge. Maverick thinker nassim nicholas taleb had an illustrious career on wall street before turning his focus to his black swan theory. Bestselling author nassim nicholas taleb spoke at the woodrow wilson school on tuesday, april 10, 2012 at 4. Nassim nicholas taleb is irritated, he told bloomberg television on march 31st, whenever the coronavirus pandemic is referred to as a black swan, the term he coined for an. Jan 16, 2019 the umeasurability of black swan and the human tendency of discounting their very possibility, is a central tenet in the book. Jan 23, 20 i commend taleb on another book well written, and i recommend antifragile along with fooled by randomness and the black swan. The impact of the highly improbable, published by random house. In this groundbreaking and prophetic book, nassim taleb shows in a playful way that black swan events explain almost everything about our world, and yet weespecially the expertsare. Nassim taleb, new york university distinguished professor of risk engineering, says a white swan event like the coronavirus pandemic was preventable.
Author nassim nicholas taleb discusses the central theme of his bestselling book, the black swan. Nassim talebs black swan explained in this video youll learn about black swan theory, which the famous author and quant trader nassim. Black swan author nassim taleb on warnings over systemic. Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. B oethiuss ambitious goal to synthesize all of plato and aristotle was tragically interrupted by political. Nassim taleb, universa investments scientific advisor and distinguished professor of risk engineering at nyu, warned of an acute virus spreading throughout the planet in his 2007 book the black swan. The impact of the highly improbable shows us how to stop trying to predict everything and take advantage of uncertainty. Apr 24, 2020 nassim taleb, universa investments scientific advisor and distinguished professor of risk engineering at nyu, warned of an acute virus spreading throughout the planet in his 2007 book the black. The author famous for the black swan is a bit of a black swan himself an unexpected phenomenon arising from the collision of several arcane disciplines and. 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 most valuable takeaway message is that history does not always prepare us for the future taleb uses the example of turkeys and christmas. Elegant, startling, and universal in its applications, the black swan is a landmark book itself a black swan. Your browser does not currently recognize any of the video formats available.
The impact of the highly improbable, presented by harvard book store. For access to live and exclusive video from cnbc subscribe to cnbc pro. In this groundbreaking and prophetic book, taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet weespecially the expertsare blind to them. The pandemic isnt a black swan but a portent of a more. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. In this video i will present my top 5 takeaways from the black swan, the bestselling book by the statistician and former trader, nassim taleb. Nassim nicholas taleb talked about his book the black swan. 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. Nassim nicolas taleb s black swan invites us to contemplate on how things, from the spread of religions to the fall of economic markets, are palpably unpredictable. Nassim nicholas taleb defines a black swan as a highly. The impact of the highly improbable by taleb, nassim nicholas 1st first edition hardcover2007 taleb, nassim nicholas on. The black swan is a standalone book in nassim nicholas talebs landmark incerto series, an investigation of. Victor niederhoffer, nassim taleb and malcolm gladwell. However, i am glad that i came to it in its second edition, with footnotes addressing some of the criticisms made of it tip.
The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. Nassim taleb, universa investments scientific advisor and. Nassim nicholas talebs phenomenal international bestseller the black swan. The same could be said for philosopher, essayist and trader nassim nicholas taleb, who finds something rotten in misguided yet supremely confident investment gurus, traders, hedge fund managers, wall street bankers, m. In wild and wonderful ways, the black swan shows how embracing ambivalence can sometimes be just what we need. The black swan by nassim nicholas taleb waterstones. The impact of the highly improbable a black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. Nassim nicholas taleb, whose book the black swan foreshadowed the 2008 global financial crisis, responded to elon musks tweet about what he. Mar 31, 2020 nassim taleb, new york university distinguished professor of risk engineering, says a white swan event like the coronavirus pandemic was preventable. Gq praise for the black swan a book that altered modern thinking. In january, he also warned of the systemic risks of the coronavirus pandemic. 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, of nicholas nassim talebs title, describes an event that occurs completely outside expectations, has an enormous impact on future developments, and can be explained only in hindsight as predictable.
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 quotes author of the black swan page. Antifragile, by nassim nicholas taleb the new york times. Nassim nicholas taleb s phenomenal international bestseller the black swan. A central idea in talebs book is not to attempt to predict black swan events, but to build robustness to.
I commend taleb on another book well written, and i recommend antifragile along with fooled by randomness and the black swan. Nassim nicolas talebs black swan invites us to contemplate on how things, from the spread of religions to the fall of economic markets, are palpably unpredictable. Antifragile is a kind of sequel or logical followon to mr. In the course of 400 pages, nassim taleb discourses amusingly and eruditely on black swans and the human reaction to them, which isnt always logical. It is an outlier beyond the normal range of expectations because nothing in the past could point to it being likely to happen. Not all swans are white, and not all events, no matter what the experts think, are predictable.
Mar 08, 2020 nassim nicholas taleb, whose book the black swan foreshadowed the 2008 global financial crisis, responded to elon musks tweet about what he called a panic over the coronavirus with a. Apr 21, 2020 nassim nicholas taleb is irritated, he told bloomberg television on march 31st, whenever the coronavirus pandemic is referred to as a black swan, the term he coined for an. See more ideas about nassim nicholas taleb, fooled by randomness and black swan book. Taleb argues that people are too focused on what they. Nassim taleb, universa investments scientific advisor and distinguished professor of risk engineering at nyu, warned of an acute virus spreading throughout the planet in his 2007 book the black. But it was his second book, the black swan, which brought taleb attention on a global scale. The book was a bestseller, selling three million copies. 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.
Black swan author nassim taleb on warnings over systemic risks. Chris anderson, editor in chief of wired, author of the long tail. 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. Elegant, startling, and universal in its applications, the black swan is a landmark bookitself a black swan. Taleb says musks comment on coronavirus panic being dumb. Once upon a time there was a clever young financial professional called nassim nicholas taleb. With its revolutionary examination of the impact of highly improbable events, this new york times bestseller took the world by storm. The black swan by nassim nicholas taleb overdrive rakuten. The first book that i read in the fourvolume incerto set by nassim kaleb was antifragile, so my reading of the black swan is out of sequence.
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