Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. The comfortable but potentially devastating lies we are told by others, and ourselves. The impact of the highly improbable by nassim nicholas taleb and a great selection of related books, art and collectibles available now at. In what order should nassim nicholas talebs incerto series. But when dutch explorers finally saw black swans for the first time in western australia, the term. Author nassim nicholas taleb discusses his book, the black swan in relation to predicting the future, learning from the consequences of the unknown, and the power of randomness. The black swan author in praise of the risktakers the writer and former options trader. According to nassim nicolas taleb, a black swan event is a lowprobability, highimpact event that is impossible to forecast or predict. Nassim taleb, the polarizing author of bestselling books the black swan and antifragile. With its revolutionary examination of the impact of highly improbable events, this new york times bestseller took the world by storm. 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. The impact of the highly improbable he says we currently live in a world of opacity, where knowledge is overestimated and chance and uncertainty are underestimated. Rooted in the tradition of deep value investing, it is heavily influenced by great. Taleb, please, feel free to reply in the comments below.
A black swan is a highly improbable event with three principal. Things that gain from disorder, offers 61 reading recommendations in his own words. Goodreads helps you keep track of books you want to read. Taleb called friedmans book the world is flat very bad for society. The author of the black swan, a book about risk and probability. Nassim nicholas taleb is an uncompromizing nononsense thinker for our times. 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. Sep 28, 2016 nassim taleb calls an event a black swan if its unpredictable not because its random, but because our outlook on whats possible was too narrow. Taleb is the author of the black swan, the book about, as the subtitle puts it, the impact of the highly improbable.
Nassim taleb says we are unprepared for the next big event like this because we rely too much on incomplete theories, limited models and flimsy historical narratives. His 2007 book the black swan has been described by the sunday times as one of the twelve most influential books since world war ii. Everyday low prices and free delivery on eligible orders. Black swan author nassim nicholas taleb divides the world into three. Author nassim nicholas taleb discusses his theory about events he calls black swans occurrences that seem to be totally impossible. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. The pandemic isnt a black swan but a portent of a more. But it was his second book, the black swan, which brought taleb attention on a global scale. Nassim nicholas taleb doesnt like to carry any debt.
For nassim nicholas taleb, black swans underlie almost everythin a black swan is a highly improbable event with three principal characteristics. 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. Jun 02, 2008 a condensed guide to life from the bestselling author of the black swan, nassim nicholas taleb s the bed of procrustes is an invaluable collection of aphorisms navigate the modern world. I read antifragile first, followed by black swan, bed of procrustes and did not finish fooled by randomness. May 02, 2018 nassim talebs black swan explained in this video youll learn about black swan theory, which the famous author and quant trader nassim taleb made popular. 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. The black swan 2007 helps us better understand unpredictable extreme events like the 911 attacks, rise of the internet, and stock market crashes. Nassim nicholas taleb, david chandler, recorded books. The black swan by nassim nicholas taleb penguin books. Nassim taleb s observation, in his book the black swan, is that, after the fact, we concoct a narrative to explain it. The impact of the highly improbable is a 2007 book by author and former options trader nassim nicholas taleb. The impact of the highly improbable audible audio edition. If you have any questions, comments or opinions regarding the black swan by nassim n. The impact of the highly improbable though not the first person to use the term, talebs book popularized black swan theory regarding rare outlier events and problems with prediction.
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. 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. May 21, 2007 author nassim nicholas taleb discusses his theory about events he calls black swans occurrences that seem to be totally impossible. The impact of the highly improbable unabridged by nassim nicholas taleb paid audiobooks best sellers. The impact of the highly improbable by taleb, nassim nicholas 1st first edition hardcover2007 on. Black swan author nassim taleb has never, ever borrowed. Maverick thinker nassim nicholas taleb had an illustrious career on wall street before turning his focus to his black swan theory. The black swan is a landmark bookitself a black swan. 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. 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 unpredictable, rare. 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. Once upon a time there was a clever young financial professional called nassim nicholas taleb.
Apr 17, 2007 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. Taleb is the author of the incerto, a five volume philosophical essay on uncertainty published between 2001 and 2018 of which the most known books are the black swan and antifragile. The impact of the highly improbable 01 by taleb, nassim nicholas isbn. Nassim talebs black swan explained in this video youll learn about black swan theory, which the famous author and quant trader nassim taleb made popular. So, if you are looking for something to read, you can always stop by the black swan and combine the useful with the pleasant. 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. This article explains the background behind the black swan portfolio and how ive designed it in practice. A black swan is a surprising or virtually unpredictable event that can have a massive impact.
Mar 24, 2008 author nassim nicholas taleb discusses his book, the black swan in relation to predicting the future, learning from the consequences of the unknown, and the power of randomness. Oct, 2009 in the authors point of view, a black swan is an improbable event with three principal characteristics it is unpredictable. The name stems from the fact that up until 1697, mankind believed all swans were white. 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. Gq praise for the black swan a book that altered modern thinking. My advice about reading these books is to read each of them more than once except fooled by randomness. The hubris of predictions and our perpetual surprise when the notpredicted happens are themes of nassim nicholas talebs engaging new book, the black swan. 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. Chris anderson, editor in chief of wired, author of the long tail. 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.
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