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Book cover of The Black Swan by Nassim Nicholas Taleb — critical summary review on 12min

The Black Swan

Nassim Nicholas Taleb

5.0 (145 ratings)
8 mins

“The Black Swan” is one of the most influential works on uncertainty. It looks at the ways in which we fall into the trap of perceiving ourselves as all-knowing creatures who can predict the future when, in fact, we know nothing about what might happen in a year’s time or even tomorrow. Instead, we should embrace the fact that life is defined by Black Swans – unpredictable events that might occur at any moment.

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Who it is for

Best suited for anyone interested in the unpredictability of life, anyone wanting to know how we explain the world, investors and entrepreneurs.

About the Author

Nassim Nicholas Taleb is a Lebanese American author, former hedge fund manager, derivatives trader, and a scholar dealing with probability and uncertainty. He holds degrees in mathematical finance and worked as a researcher at prominent Institutes. Most known for five-volume essays “Incerto” consisting of “Fooled by Randomness,” “The Black Swan,” “The Bed of Procrustes,” “Antifragile,” and “Skin in the Game.”

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Lessons

  • Why thinking like a turkey will cause you harm.
  • Why we can’t predict the future.
  • Why a negative cancer test does not guarantee that you do not have cancer.

Key Takeaways

  • People who wants to learn to invest using Taleb strategies versus the unlikely
  • Everybody who needs to understand how your brain is easily tricked by improbable events
  • Everyone who wants to Find out what Medi-Christian and Extremist are

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