The Black Swan: Second Edition

Authors: Nassim Nicholas Taleb

Science Economics Motivational Productivity Psychology Preview Book link to amazon

Key Ideas

1. The Black Swan is highly improbable and unpredictable events that have a major impact on society

2. These Black Swan events often occur unexpectedly and go against common assumptions and knowledge

3. Humans have a tendency to create narratives and explanations after the fact to make sense of Black Swan events

4. The impact of a Black Swan event is often magnified due to our lack of preparation and understanding

5. Many significant events in history can be classified as Black Swans, such as the rise of the internet and the financial crisis of 2008

6. The Black Swan isn't just about rare....
.....

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Quiz

1. What is a Black Swan event?

A highly probable event

A predictable event

An unpredictable event with a major impact

A rare bird sighting

2. Why do humans create narratives after Black Swan events?

To make sense of the events

To prevent future Black Swans

To confuse others

To avoid responsibility

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